News & Analysis as of

Pensions Retirement

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

July buys Sunwest Pensions

July Business Services, LLC purchased Sunwest Pensions, a retirement plan recordkeeper and Third Party Administrator based in Tempe, AZ....more

Hogan Lovells

Stärkung des Betriebsrentenstärkungsgesetzes

Hogan Lovells on

Die Neuerungen in der betrieblichen Altersversorgung (bAV) durch das Betriebsrentenstärkungsgesetz, die in weiten Teilen zum 1. Januar 2018 in Kraft getreten sind, haben die hohen Erwartungen nicht vollständig erfüllt....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The overvaluing of experience

I always say that picking a plan provider just on price is a bad idea and I will say that picking a provider just on your years of experience is another folly....more

Stikeman Elliott LLP

Québec’s Unique Pension and Benefits Law Requirements for Employers: Two Illustrations

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When engaging employees (or acquiring a business that engages employees) in the Canadian province of Québec, employers and prospective employers should note two unique pension and benefit law requirements, which are absent in...more

Ius Laboris

The new UAE Pensions Law

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In October 2023, a new Pensions Law was published and came into effect in the UAE. The 2023 Pensions Law is the most significant change to the UAE pensions landscape since the 1999 Pensions Law was first published....more

Hall Benefits Law

Sprint, Former Employees Urge Kansas Federal Court to Approve $3.5M Deal to Resolve Benefit Calculation Suit

Hall Benefits Law on

Three former Sprint Communications employees asked a Kansas federal court to approve its multimillion-dollar proposed class action against Sprint, which the parties reached through mediation. According to the former...more

Woodruff Sawyer

Q4 2023 International Benefits Update

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In the final quarter of 2023, South Africa issued guidance on the new two-pot retirement system, Peru launched a new holiday starting in 2024, Singapore doubled its paid paternity leave, and Costa Rica reformed its pension...more

Mintz - Employment Viewpoints

Canada Revenue Agency: Remote Workers Payroll Guidance

It is undoubtedly true that the employment relationship has changed because of the pandemic. The era of hybrid and remote workers is likely here to stay, at least for the time being, and this has left employers, the...more

Skadden, Arps, Slate, Meagher & Flom LLP

Proposals To Reform Germany’s Pension System Could Open Market, Benefitting Retirees and — Potentially — Insurers

If Germany’s coalition government follows through on recommendations from a focus group convened by the Federal Finance Ministry for reforms to the country’s pension system, it could open the way for insurers and other...more

Nossaman LLP

Retirement Board’s Limits on Inclusion of “Straddled” Leave Cashouts in Retirement Allowance Determinations Affirmed by Second DCA

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On January 4, 2024, the Second District Court of Appeal, Division 6, unanimously rejected the first lawsuit challenging a county retirement board’s implementation of the California Supreme Court’s Alameda decision (VCERA v....more

Hogan Lovells

Konzernzusagen zur betrieblichen Altersversorgung

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Leistungen der betrieblichen Altersversorgung gewährt der Arbeitgeber als Versorgungsschuldner. Wenn aber die betriebliche Altersversorgung durch Konzernbetriebsvereinbarung geregelt ist, sollen nach Ansicht das...more

Ius Laboris

France reforms pension system

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France adopted controversial changes to its pension system on 14 April 2023, with most relevant provisions coming into effect from 1 September. Here is an overview of some of the most important changes....more

Woodruff Sawyer

Q3 2023 International Benefits Update

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In the third quarter of 2023, many European countries continued to update their leave policies as mandated under the 2019 EU directive on work-life balance, which aims to improve employees’ access to family leave and flexible...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The MEP to PEP conversion issue

I have always been saying the most successful Pooled Employer Plans (PEPs) in the beginning, were going to be multiple employer plans (MEPs) that converted....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Pensionmark adds another firm

World Insurance Associates has devided to purchase Waukesha, Wisconsin-based Financial Solutions, adding to the World financial services division led by Pensionmark CEO Troy Hammond....more

Kilpatrick

SECURE 2.0: A Deeper Dive into the Provisions Affecting Defined Benefit Pension Plans

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The SECURE 2.0 Act of 2022 (“SECURE 2.0”) includes a number of changes that affect defined benefit pension plans. This includes new reporting and disclosure requirements in connection with offering a lump sum window and...more

Woodruff Sawyer

Navigating Provident Fund Systems

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Provident funds, or government-administered retirement funds, were introduced as a form of “social protection” to alleviate poverty at the time of retirement. Most social programs at the time did not provide enough to cover...more

Hogan Lovells

Sieben Jahre Verjährungsfrist in der betrieblichen Altersversorgung?

Hogan Lovells on

Sind die Ansprüche aus einer Direktversicherung oder einer Pensionskasse verjährt, können Versorgungsberechtigte unter Umständen dennoch Zahlungen direkt vom Arbeitgeber verlangen....more

Freeman Law

Malta Pension Funds

Freeman Law on

Amplifying its efforts to crack down on U.S. taxpayers’ use of Malta pension funds to attempt to achieve federal income tax savings, the IRS recently has issued proposed regulations identifying these funds as listed...more

Woodruff Sawyer

Q2 2023 International Benefits Update

Woodruff Sawyer on

In the second quarter of 2023, parental entitlements were again a hot issue, with new legislation coming out of Portugal, Switzerland, and the UK. Retirement and pension reforms broke borders with changes launching in Europe,...more

A&O Shearman

Pensions: what's new this week - May 2023 # 3

A&O Shearman on

Welcome to your weekly update from the Allen & Overy Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. This week we cover topics including: TPR refreshed...more

Stikeman Elliott LLP

Every Benefit Everywhere All at Once: A Detailed Analysis of the 2023 Federal Budget’s Pension and Benefit Proposals

Stikeman Elliott LLP on

On March 28, 2023, the federal government tabled its 2023 budget, “A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future” (the “Budget”). Last week, our Tax Group released its comprehensive Budget...more

Hogan Lovells

UK Budget: Pension aspects

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The pension tax changes announced in the Budget today represent a revolution in pension taxation. This alert gives a short summary of the announcements affecting pensions.  No doubt further complexities will arise as the...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

One Digital Acquires Florida Pension Group

OneDigital announced the acquisition of Florida Pension Group. Based in St. Johns, Fla., Florida Pension Group (FPG)  provides retirement plan services to over 100 businesses and with more than $500 million assets under...more

Warner Norcross + Judd

[Webinar] Employee Benefits SECURE Act 2.0 Series - Part 2: Distribution Rule Revisions - April 12th, 12:00 pm - 1:00 pm ET

Warner Norcross + Judd on

Warner’s Employee Benefits Practice Group is pleased to present a webinar series on significant new retirement plan legislation, the SECURE Act 2.0. While we expect implementing the new law to take several years, some...more

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