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

Employee Benefits

MARCH 4, 2024

Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.

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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.

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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

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