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Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Retirement plans for a person are valuable benefits that impact both the present as well as future lives of the employees. However, offering retirement benefits to an employee can be a complicated process. As such, it is essential to understand the pros and cons of the process of providing retirement benefits.

Pension 87
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LGBTQ+ Employees and Money: 4 Unique Threats to Wellbeing

Best Money Moves

Financial illiteracy often leads to common pitfalls such as a lack of retirement savings and an inability to accumulate wealth over time. Facilitating resources that tackle retirement planning, investment strategies and debt management is one of the best ways to set your employees up for success.

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Early and multiple interventions will improve pensions engagement!

Employee Benefits

Then in the years before retirement, support should be provided around tax efficiency, planning for retirement and understanding retirement income options, clearing debt and maximising pension benefits and other savings. For more information, visit www.wealthatwork.co.uk.

Pension 52
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LGBTQ+ Employees and Money: 4 Unique Challenges to Wellbeing

Best Money Moves

Financial illiteracy often leads to common pitfalls such as a lack of retirement savings and an inability to accumulate wealth over time. Facilitating resources that tackle retirement planning, investment strategies and debt management is one of the best ways to set your employees up for success.

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A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

  A thoughtfully crafted retirement plan can positively impact employee morale.      Increase the productivity of employees nearing retirement.    A handsomely distributed retirement plan increases job satisfaction. Let's quantify the significance of retirement rewards. 

401(k) 40
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SECURE 2.0 Includes PBGC Premium Relief… for Some Plans

Proskauer's Employee Benefits & Executive Compensa

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. also does not change PBGC’s indexed flat-rate premiums for both single-employer pension plans and multiemployer pension plans.

Pension 40
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PBGC Provides One-Time 4010 Filing Waiver for Certain Employers

Proskauer's Employee Benefits & Executive Compensa

ERISA Section 4010 requires a contributing sponsor of certain single-employer pension plans, as well as the sponsor’s controlled group members, to provide controlled group, financial, and actuarial information to the PBGC each year. The notice must be sent to ERISA.4010@pbgc.gov