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.
Employee Benefits
NOVEMBER 8, 2022
Prime Minister Rishi Sunak has appointed Laura Trott MBE as minister for pensions, after predecessor Alex Burghart officially held the role for less than one month. Trott was appointed on 27 October, and the Department for Work and Pensions (DWP) made the announcement on 7 November via its official Twitter account.
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Employee Benefits
JANUARY 17, 2024
Credt: P Maxwell Photography/Shutterstock The pension pots-for-life plan take the onus off of employees to keep track of their pensions as they move jobs. Clarification is needed on how employers would manage the process of putting employees’ contributions into many different pension pots. But it’s all in the execution.”
Employee Benefits
DECEMBER 16, 2021
Workers employed by Aston Martin have threatened the car manufacturer with strike action over changes to their company pension scheme. A consultation period between the car firm and affected staff will close tomorrow (17 December). The post Aston Martin staff threaten to strike in pensions row appeared first on Employee Benefits.
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”).
Proskauer's Employee Benefits & Executive Compensa
SEPTEMBER 22, 2022
As noted below, SRCs need not include any amount for pension benefits.). It is important to address the disclosure earlier in the 2023 proxy process, and to gain perspectives from compensation consultants, accountants, and counsel. Plan ahead, and work with consultants and accountants. The New Table.
HR Digest
FEBRUARY 20, 2020
Offering excellent retirement benefits for an employee can be useful for small companies who strive to attract and retain the right talent and skilled professionals. Some of the reasons are: Around 75% of the employees expect their employees to provide better retirement benefit pension plans.
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