Employee Benefits

MARCH 7, 2024

We are very much on track to deliver our bold five-year growth plan to double sales by 2026 and to have significantly more than 3,000 shops in the UK over the longer term.” million bonus among staff appeared first on Employee Benefits. The post Greggs to share £17.6

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Employee Benefits

NOVEMBER 28, 2023

Unite will also work with Brake Brothers on its proposals to invest an additional £10 million to extend the Newhouse facility by 50,000 square feet in 2026, which will enable further growth and could see the creation of up to 100 new jobs. The post Brake Brothers staff secure pay deal appeared first on Employee Benefits.

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Employee Benefits

MAY 2, 2024

Although the deadline for connecting is 31 October 2026, trustees and pension scheme providers are expected to aim to connect by the timetable outlined in the guidance rather than waiting until the strict legal deadline. If you would like to speak to Jonathan please do not hesitate to get in touch.

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Employee Benefits

NOVEMBER 15, 2023

It’s also the latest step in our ambition to be leading in our sector on diversity, equity and inclusion by 2026. The post RSA Insurance to introduce equal parental leave appeared first on Employee Benefits.

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Snell & Wilmer Benefits

AUGUST 28, 2023

As we noted in a previous Employee Benefits Blog post Ready for Roth Contributions? Notice 2023-62 addresses these concerns by giving plan sponsors until January 1, 2026 to implement the SECURE 2.0 This SECURE 2.0 requirement applies for tax years beginning after December 31, 2023. Roth catch-up rule.

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Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

(Reminder: the IRS granted a 2-year “administrative transition period” for the Roth catch-up requirement described in more detail here , which will now be required starting in 2026). The technical corrections bill changes the effective date for the 10% ceiling rate cap for non-safe harbor plans to plan years ending before January 1, 2026.

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Hireology

JANUARY 25, 2018

In fact, fitness center employment is projected to grow by 10 percent by 2026. With so many employment opportunities available , your fitness center needs to have a top-notch company culture and offer employees a comprehensive list of benefits to attract and hire quality talent. Traditional Employee Benefits.

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Employee Benefits

JULY 24, 2023

After a week of negotiations with the Advisory, Conciliation and Arbitration Service (Acas) the Aslef Executive Committee and trade union RMT agreed to suspend the planned industrial action on Wednesday 26 and Friday 28 July after receiving confirmation that there would be no change to the pension scheme until 2026.

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McNees

MAY 25, 2022

Employers with 10 to 24 employees only need to offer parental leave. Employer contributions begin on January 1, 2025, and eligible employees will be permitted to take leave beginning on January 1, 2026. Employers may require employees to use accrued paid time off to substitute for paid leave.

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Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

The following amendment deadlines now apply: For plans other than collectively bargained plans, the deadline is December 31, 2026. For all other collectively bargained plans, the deadline is December 31, 2026.

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Employee Benefits

NOVEMBER 8, 2022

The options have a contract start date of 1 December 2022 and are exercisable between 1 December 2025 and 31 May 2026. Boohoo said in its statement: “The scheme is open to all employees, giving them the opportunity to participate in the future growth of the company via share option arrangements.” They were issued a total of 32.2

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Employee Benefits

FEBRUARY 5, 2024

Alfonso Martinez, UK managing director at ALD Automotive/LeasePlan, says: “Zero and low-emission company car drivers enjoy lower benefit-in-kind (BIK) tax rates, which are fixed at 2% until April 2025. This will then change to 3% in 2025/26, 4% in 2026/27, and 5% in 2027/28.”

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Employee Benefits

JUNE 8, 2023

The UK government has issued an update on its planned pensions dashboards programme , stating that it needs additional delivery time and its connection deadline will be 31 October 2026. The post Government extends pensions dashboard connection deadline appeared first on Employee Benefits.

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Benefits Notes

MARCH 31, 2021

Many of the provisions in this sweeping legislation bring changes to the employee benefits world of which employers should take note and which are summarized below. The ARPA contains several new rules which impact COBRA benefits. Subsidized COBRA. Plan sponsors may elect to defer the changes until 2022.

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Proskauer's Employee Benefits & Executive Compensa

AUGUST 28, 2023

Next steps for plan sponsors and employers : Although Notice 2023-62 offers some much needed breathing room for plan sponsors and employers, given the complexity of system administration, efforts should continue toward a January 1, 2026 implementation date.

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Snell & Wilmer Benefits

MAY 8, 2024

Effective February 16, 2026 , a group health plan must update its Notice of Privacy Practices to support reproductive health care privacy rights and address confidentiality of substance use disorder patient records as required under the CARES Act of 2020.

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McNees

JANUARY 19, 2021

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. The Act extends the exclusion until January 1, 2026. For information on other COVID related topics, sign up for the Employee COVID-19 Lawsuits webinar here.

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Employee Benefits

FEBRUARY 17, 2023

With the LTA presently frozen until April 2026 any future increases in the LTA could be modest so you could end up exceeding the Allowance by retirement. This approach helps employees understand all their options before making what could be life-changing decisions, therefore leading to better outcomes for all.”

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Employee Benefits

APRIL 24, 2023

The aim is to replicate the subsidised model in Quebec and guarantee that by 2026, parents pay no more than an average of C$10 a day for childcare,” he says. appeared first on Employee Benefits. The post What can the UK learn from childcare policies around the world?

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Employee Benefits

AUGUST 2, 2023

by 2026, a significant rise that shows the demand for this gift option. What sets gift vouchers apart is that they give employees the liberty to buy something they genuinely want. Book a demo today to discover how Penfold can help boost employee retention and engagement.

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HR Digest

SEPTEMBER 11, 2023

Paid family leave benefit amount: Based on employee wages; maximum weekly benefit of $1,009. Employer contributions begin in 2025, and employees can start applying for benefits in 2026. Employer contributions begin in 2024, and employees can begin applying for benefits in 2026.

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Benefits Notes

AUGUST 29, 2023

If you have any additional questions regarding the impact of Notice 2023-62 on your retirement plans, please reach out to a member of Stinson’s employee benefits and executive compensation practice group. The transition relief provides, among other things, that: As anticipated, SECURE 2.0 may want to revisit those plans.

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Employee Benefits

JANUARY 21, 2022

As announced in April’s Budget, the Lifetime Allowance (LTA) will be frozen at its current level of £1,073,100 until April 2026. However despite this, many employees don’t even realise that they are at risk. With the LTA presently frozen until April 2026, you could easily end up exceeding the allowance by retirement.

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Proskauer's Employee Benefits & Executive Compensa

DECEMBER 23, 2022

Replaces the saver’s tax credit with the “saver’s match,” which is a federal matching contribution deposited in the retirement plan account for qualifying employees (based on modified adjusted gross income); the match is 50% of qualifying contributions up to $2,000 ( effective for tax years beginning after December 31, 2026 ).

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Insperity

OCTOBER 10, 2023

The Internal Revenue Service (IRS) will begin enforcing this provision in 2026. To learn more about providing a competitive benefits package, download our free magazine: The Insperity guide to employee benefits. Act of 2022 benefits your workplace appeared first on Insperity. In 2033, this age will be 75.

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Benefits Notes

DECEMBER 28, 2022

Effective for tax years beginning after December 31, 2026, the Act replaces the existing tax credit for participant contributions to IRAs or retirement plans with a federal matching contribution that must be deposited into the taxpayer’s IRA or retirement plan. Employee Benefits Practice: Stinson LLP Law Firm.

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Employee Benefits

DECEMBER 14, 2022

If brought into force, all EU derived legislation will fall away unless it is specifically retained by December 2023, with the option to extend until December 2026, explains Rachel Western, principal, health and risk at Aon. appeared first on Employee Benefits. The post What will the top reward trends be in 2023?

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Bayzat

FEBRUARY 14, 2023

One analysis of DX spending in the Middle East, Turkey, and Africa region predicted an aggregate investment of more than US$74 billion by 2026. This has been supercharged by the impact of the last two years.Investment in digital transformation is a runaway train in the region.

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