Coronavirus Market Volatility and Pension Plan Contributions
The Coronavirus (COVID-19) pandemic’s impact on the economy continues to unfold daily and is creating the "perfect storm” for the pension plan, which may lead to much higher required pension contributions in the upcoming year.
Taking Public Sector Retiree Medical To The Next Level
Faced with the sobering reality of more than $1 trillion in unfunded retiree healthcare liabilities, public sector employers across the country are seeking a sustainable retiree health benefit solution.
Retiree Pension Risk Transfers in THIS Low Interest Rate Environment?
Although interest rates are at all-time historic lows, it doesn’t mean that a retiree pension risk transfer is a bad idea for your defined benefit pension plan.
The Department of Labor (DOL), in conjunction with the Employee Benefits Security Administration (EBSA), has been auditing retirement plans and reinforcing the actions that plan sponsors must take to locate lost participants and pay the benefits due to them.
Impact of Historic Interest Rate Decline on Defined Benefit Plans
How will defined benefit pension plans be impacted by historic year-to-year interest rate declines? The U.S. has experienced over a 100 basis point decrease on 30-year treasury rates and significant decreases across treasury bonds of all durations from year-to-year.
Pssst… Reasons to Avoid Conducting the Next Engagement Survey
That data from engagement surveys can drive significant change when there’s an action plan. If there’s no action plan, you may want to reconsider issuing the next survey.
Minimum Pay Levels -Can Organizations Afford an Increase?
The argument to increase minimum wage focuses on fairness vs. affordability. However, it is important to note that there are a number of states and municipalities that have taken steps to increase the minimum level to $15 and higher through ballot and legislated changes.
This is published by Findley to provide general information about recent developments and current topics in employee benefits and HR. The information provided is a summary and should not be relied upon in lieu of the full text of a particular law, regulation, notice, opinion, legislative proposal or other pertinent information, and the advice of your legal counsel. Findley does not practice law or accounting, and this publication is not legal or tax advice. Legal issues should be discussed with your legal counsel.