Employee Benefits
JANUARY 22, 2024
Pensions and Future Planning Contrary to stereotypes, Gen Z actually places significant importance on pension benefits for future planning. In our report, pension needs ranked closely behind work-life balance in terms of importance, with an average score of 7.52. out of 10 in the findings from our exclusive report.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 27, 2023
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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Employee Benefits
JANUARY 18, 2022
But there is another lifestage that presents different financial challenges. The financial difficulties caused by these lifestyle events are similar and can be managed within a general financial wellness programme. As people age, making ends meet day-to-day takes a back seat as finances become more stable.
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 17, 2022
A hotly debated (and litigated) issue for multiemployer pension plans in recent years has been the appropriate interest rate to determine a multiemployer pension plan’s liabilities when calculating the plan’s underfunding for withdrawal liability purposes.
Proskauer's Employee Benefits & Executive Compensa
AUGUST 20, 2021
This episode of The Proskauer Benefits Brief is the second 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).
Proskauer's Employee Benefits & Executive Compensa
SEPTEMBER 22, 2022
Under the rule, a “financial performance measure” other than stock price or TSR generally must be determined and presented in accordance with the accounting principles used for financial statements; this accounting nexus should be considered when selecting financial metrics other than stock price and TSR. Relaxed Requirements for SRCs.
HR Digest
FEBRUARY 20, 2020
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. Conclusion.
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