Employee Benefits

MAY 9, 2023

Travel business Thomas Cook has completed a £900 million bulk purchase annuity buy-in transaction for its UK pension scheme. Aviva insured the defined benefit (DB) pension liabilities for more than 12,500 scheme members following the liquidation of the business in 2019.

Pension 59

Pension Pension Benefit Insurance Employee Benefits 59

International Foundation of Employee Benefit Plans

MARCH 14, 2023

A new rule proposed by the Pension Benefit Guaranty Corporation (PBGC) would increase the certainty of withdrawal liability determinations for multiemployer benefit plans and likely help prevent withdrawal liability disputes from going to arbitration and litigation, PBGC officials say.

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Pension Benefit Pension Employment Employee Benefits 68

International Foundation of Employee Benefit Plans

JULY 8, 2022

Changes to the Special Financial Assistance (SFA) Program announced Wednesday by the Pension Benefit Guaranty Corporation (PBGC) will improve the ability of underfunded multiemployer defined benefit (DB) pension plans to.

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Pension Benefit Pension Education Employee Benefits 70

Proskauer's Employee Benefits & Executive Compensa

AUGUST 3, 2021

This episode of The Proskauer Benefits Brief is the first of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).

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Pension Pension Benefit Executive Compensation Government 56

HR Professionals Magazine

JANUARY 31, 2022

The benefits in most defined benefit plans are protected, within certain limitations, by federal insurance provided through the Pension Benefit Guaranty Corporation (PBGC). Examples of. defined contribution (DC) plans include 401(k) plans, 403(b) plans, employee stock ownership plans, and profit-sharing plans.

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401(k) Pension Profit Sharing Plan Pension Benefit 40

Hppy

APRIL 27, 2023

Insurance and liability concerns Compliance and liabilities are a huge threat, so in reaction to that, employee liability insurance may be required. Beyond setting all of this up, it can present confusing pension arrangements. Then, you may unknowingly be liable for breaking employment laws.

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Pension Global Payroll Payroll Service Payroll 36

International Foundation of Employee Benefit Plans

OCTOBER 25, 2022

The post PBGC Special Financial Assistance Final Rule: Permissible Investments appeared first on Word on Benefits. The PBGC final rule details permissible investments for SFA assets. Get key takeaways in our latest blog.

Pension Benefit 89

Pension Benefit Pension Insurance Employee Benefits 89

Workers' Compensation Perspectives

JANUARY 1, 2019

These near universal social insurance plans for retirement and disability benefits for working citizens provide a convenient standard for workers’ compensation policy makers designing cost-of-living adjustments (often abbreviated COLA). And exactly whose basket we are considering can make a big difference.

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Workers’ Compensation Pension Health and Welfare Insurance 52