Many single employer defined benefit plan sponsors have seen their plans’ Pension Benefit Guaranty Corporation (PBGC) insurance premiums rise like a hot air balloon in recent years. The PBGC provides … Continued
Getting pay right for employees requires a specific strategy. This then is further complicated as many companies struggle with how to approach a compensation strategy for remote workers. There are … Continued
Student loan debt has gained considerable visibility in the past few years. Since the COVID-19 pandemic began, first President Trump and then President Biden signed executive orders to place a … Continued
The U.S. Department of Labor (DOL) has issued a proposed guideline to clarify who is an independent contractor under the federal Fair Labor Standards Act (FLSA). Specifically, the DOL is … Continued
House Bill 2237 was introduced in the Pennsylvania state legislature on January 11, 2022 and proposes an ad-hoc Cost-of-Living Adjustment (COLA) to certain public safety retirees similar to that granted … Continued
In our quest to differentiate our organizations to attract, retain and motivate the best talent in an ever-tightening labor market, simply increasing pay alone might not be the easiest solution … Continued
A few weeks ago, I was watching the hit Disney animated movie Encanto with my children. Like everyone else, I was captivated by the lovely story and especially the music … Continued
While the pandemic forced most businesses into remote work arrangements in early 2020, many have discovered that the model proves to be sustainable in some fashion. Employers that have allowed … Continued
On Friday, July 9, 2021, President Biden issued Executive Order 14036, Promoting Competition in the American Economy, spelling out 72 initiatives by more than a dozen federal agencies in an … Continued
The American Rescue Plan of 2021 (ARPA) contains significant changes to the funding rules of single employer pension plans. The new law may significantly reduce contributions to pension plans that … Continued