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Telecommunications firm BT’s pension scheme has entered into a longevity reinsurance arrangement with Reinsurance Group of America (RGA), which covers £5 billion of pensioner liabilities. The new arrangement follows the £16 billion of liabilities covered by a similar deal that the BT Pension Scheme entered into in 2014.
Here are the employer plans that qualify for the credit: 401(k) plan SIMPLE plan Simplified Employee Pension (SEP) The IRS has begun to provide guidance on SECURE 2.0 Telecommunications are not exempt, so don’t misclassify them as such. for de minimis financial incentives and long-term part-time employees.
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