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How flexible working hours, competitive pension benefits, and mental wellbeing support can engage the Gen Z workforce

Employee Benefits

Pensions and Future Planning Contrary to stereotypes, Gen Z actually places significant importance on pension benefits for future planning. In our report, pension needs ranked closely behind work-life balance in terms of importance, with an average score of 7.52. out of 10 in the findings from our exclusive report.

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Make the Most of Free Money

Money Talk

Unclaimed Money - This is money held by state governments from a variety of sources including bank accounts, utility deposits, pension benefits, and insurance policies. If they didn’t discover their tax error, they would not have it. It may or may not be taxable when reclaimed. To find unclaimed funds, visit www.missingmoney.com.

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Better Than a Snow Day: The PBGC Provides One-Time Section 4010 Reporting Waiver

McDermott Will & Emery Employee Benefits

In an acknowledgment of uncommon market conditions and their corresponding effect on defined benefit pension plan funding, the Pension Benefit Guaranty Corporation (the PBGC) provided a welcome one-time waiver for some underfunded pension plans under Section 4010 of the Employee Retirement Income Security Act (ERISA).

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Longevity Risk: Insights From Recent Seminars

Money Talk

For example, instead of two Social Security checks, there will be one, along with a reduced (survivor) pension benefit. Guaranteed Income- Three common sources of guaranteed lifetime income in later life are Social Security, (increasingly rare) defined benefit (DB) pensions, and annuities.

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District Court Rejects Participant’s Attempt to Stop Plan From Recouping Overpayments

Proskauer's Employee Benefits & Executive Compensa

The participant filed suit after his administrative appeal was denied, arguing that the plan should be equitably estopped from reducing his benefit because he relied on the plan’s benefit estimate when he decided to begin collecting his pension benefits. App’x 588 (6th Cir.

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PBGC (Slightly) Opens Door to Exceptions From Special Withdrawal Liability Rules for SFA Multiemployer Pension Plans

Proskauer's Employee Benefits & Executive Compensa

As previously discussed , the Pension Benefit Guaranty Corporation (the “PBGC”) issued final regulations in July 2022 for plans that receive special financial assistance (“SFA”) under the American Rescue Plan Act of 2021 (“ARPA”).

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PBGC: Proposed Interest Rate Assumptions for Determining Employer Withdrawal Liability

International Foundation of Employee Benefit Plans

For the first time since the Employee Retirement Income Security Act of 1974 (ERISA) introduced the concept of withdrawal liability, the Pension Benefit Guaranty Corporation (PBGC) has announced a proposed.