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How flexible working hours, competitive pension benefits, and mental wellbeing support can engage the Gen Z workforce

Employee Benefits

To meet Gen Z’s needs, your organisation must promote the importance of a work-life balance from the beginning of the employee journey. Pensions and Future Planning Contrary to stereotypes, Gen Z actually places significant importance on pension benefits for future planning.

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Better Than a Snow Day: The PBGC Provides One-Time Section 4010 Reporting Waiver

McDermott Will & Emery Employee Benefits

In an acknowledgment of uncommon market conditions and their corresponding effect on defined benefit pension plan funding, the Pension Benefit Guaranty Corporation (the PBGC) provided a welcome one-time waiver for some underfunded pension plans under Section 4010 of the Employee Retirement Income Security Act (ERISA).

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Adrian Cooper: Where next for financial wellness?

Employee Benefits

Many employers realise how important it is to prepare employees for life after work. appeared first on Employee Benefits. Whatever the reasons, people may still worry about their preparedness for retirement.

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District Court Rejects Participant’s Attempt to Stop Plan From Recouping Overpayments

Proskauer's Employee Benefits & Executive Compensa

The participant filed suit after his administrative appeal was denied, arguing that the plan should be equitably estopped from reducing his benefit because he relied on the plan’s benefit estimate when he decided to begin collecting his pension benefits. App’x 588 (6th Cir.

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PBGC: Proposed Interest Rate Assumptions for Determining Employer Withdrawal Liability

International Foundation of Employee Benefit Plans

For the first time since the Employee Retirement Income Security Act of 1974 (ERISA) introduced the concept of withdrawal liability, the Pension Benefit Guaranty Corporation (PBGC) has announced a proposed.

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Bank of England gives employees 4% pay rise

Employee Benefits

The bank also maintained a 1% increase in non-pensionable benefits , which was implemented last year.” The post Bank of England gives employees 4% pay rise appeared first on Employee Benefits. At the same time, our approach needs to be consistent with our overall objective of price stability.

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PBGC Releases Special Financial Assistance Final Rule

International Foundation of Employee Benefit Plans

Changes to the Special Financial Assistance (SFA) Program announced Wednesday by the Pension Benefit Guaranty Corporation (PBGC) will improve the ability of underfunded multiemployer defined benefit (DB) pension plans to.