2025 and Pension Benefit - Comp and Benefits Today

What do employers need to know about the pensions lifetime allowance abolition?

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.

Pension

Pension Pension Benefit Employment Taxes

PBGC Issues Final Rule on Special Financial Assistance Program for Troubled Multiemployer Pension Plans

Proskauer's Employee Benefits & Executive Compensa

JULY 11, 2022

On July 8, 2022, the Pension Benefit Guaranty Corporation (“PBGC”) published its much anticipated final rule on the special financial assistance (“SFA”) available to certain troubled multiemployer plans under the American Rescue Plan Act of 2021 (“ARPA”). The final rule maintained the IFR’s priority and metering process.

Pension

Pension Pension Benefit Consulting Employment

Comp and Benefits Today

What do employers need to know about the pensions lifetime allowance abolition?

PBGC Issues Final Rule on Special Financial Assistance Program for Troubled Multiemployer Pension Plans

Webinars

Stay Connected