Employee Benefits

MAY 13, 2024

The organisation’s emphasis has changed from how to improve the benefits offering to how to best promote the benefit offering so staff utilise it fully, explains Ian Mackenzie, head of pension, benefits and wellbeing at BNP Paribas UK. “We

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Employee Benefits

MAY 9, 2023

Travel business Thomas Cook has completed a £900 million bulk purchase annuity buy-in transaction for its UK pension scheme. Aviva insured the defined benefit (DB) pension liabilities for more than 12,500 scheme members following the liquidation of the business in 2019.

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Proskauer's Employee Benefits & Executive Compensa

AUGUST 3, 2021

This episode of The Proskauer Benefits Brief is the first of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).

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HR Professionals Magazine

JANUARY 31, 2022

The benefits in most defined benefit plans are protected, within certain limitations, by federal insurance provided through the Pension Benefit Guaranty Corporation (PBGC). Examples of. defined contribution (DC) plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans.

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Empuls

JUNE 21, 2024

Defined benefit plans  This retirement benefit plan is calculated based on multiple factors, including salary and service. The plans are protected by federal insurance provided through the Pension Benefit Guaranty Corporation or PBGC. 

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Hppy

APRIL 27, 2023

Insurance and liability concerns Compliance and liabilities are a huge threat, so in reaction to that, employee liability insurance may be required. Beyond setting all of this up, it can present confusing pension arrangements. Then, you may unknowingly be liable for breaking employment laws.

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International Foundation of Employee Benefit Plans

OCTOBER 25, 2022

The post PBGC Special Financial Assistance Final Rule: Permissible Investments appeared first on Word on Benefits. The PBGC final rule details permissible investments for SFA assets. Get key takeaways in our latest blog.

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Money Talk

SEPTEMBER 28, 2023

For example, instead of two Social Security checks, there will be one, along with a reduced (survivor) pension benefit. Guaranteed Income- Three common sources of guaranteed lifetime income in later life are Social Security, (increasingly rare) defined benefit (DB) pensions, and annuities.

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Money Talk

SEPTEMBER 12, 2024

If the husband dies first, the wife is left with $1,250 (50% of husband’s pension), $800-wife’s pension, and $2,000 (highest Social Security) for income of $4,050 ($48,600 annually). This is a 40% “haircut,” which some couples cover with spousal gifts, annuities, and/or life insurance.

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Employee Benefits

MARCH 4, 2024

From April 2023, the LTA charge was removed and pension benefits have been taxed as income with no additional penalty since then, but the formal abolition of the LTA required a raft of new legislation which is now complete, so this will take place from April 2024.

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Workers' Compensation Perspectives

JANUARY 1, 2019

These near universal social insurance plans for retirement and disability benefits for working citizens provide a convenient standard for workers’ compensation policy makers designing cost-of-living adjustments (often abbreviated COLA). And exactly whose basket we are considering can make a big difference.

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Best Money Moves

FEBRUARY 10, 2025

Financial education can help teachers understand their unique retirement and health insurance plans Teachers also have unique and complex retirement and health insurance plans that can be difficult to navigate. However, only about half of teachers remain in the profession long enough to qualify for full pension benefits.

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