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One Size Does Not Fit All - Smart Business Magazine Article by Elliot Dinkin

In this economy — with the current and future workforce — it’s vital to offer a total compensation plan of base compensation, incentives, benefits, time off, ancillary, etc.Just like you would research a new product or service before launching it, including taking a futuristic approach, you need to study your workforce’s demographics to determine what … Continued

Joint Select Committee on Solvency of Multiemployer Pension Plans Committed to Continued Work

The deadline for the Joint Select Committee on Solvency of Multiemployer Pension Plans (JSC) to vote on and propose new legislation that attempts to solve the multiemployer pension crisis has come and gone with no proposal agreed upon. See our article from last week for a summary of where the committee left off, Preliminary Proposal … Continued

Law 360: Plan Sponsors Should Consider Pension De-Risking

The underfunded size of a pension plan is debt. There is an increasing view among corporate CEOs and CFOs that pension debt is a riskier form of debt than traditional debt, because pension debt carries additional volatility. As such, there should be a premium associated with managing that risk and companies are weighing this risk … Continued

SOA Mortality Improvement Scale MP-2017 Released

The Retirement Plans Experience Committee (RPEC) of the Society of Actuaries recently released mortality improvement table MP-2017, an updated version of their MP series of mortality improvement tables. The update reflects historical experience through 2015, in which age-adjusted mortality rates actually increased over the prior year.As we speculated in our 2018 IRS mortality article, the … Continued

2018 IRS Mortality Tables Finally Released: What Plan Sponsors Need to Know

On October 3, 2017, the IRS released Notice 2017-60, which summarizes rules provided in regulations to be released October 5, 2017 in regard to 2018 mortality and mortality improvement tables that are to be used for the following:Minimum funding calculations under IRC §430 for single employer defined benefit pension plans, andCalculating minimum lump sums and … Continued

Get Yourself Out of the Rut! Rejuvenate Your Motivation with a New Mindset - Dinkin's Thinkin - Smart Business Magazine

  How often have you heard, “I’ve lost my motivation,” and “I’m in a rut?” Certainly, what motivates me is different than what motivates you. But lack of motivation doesn’t have to be a permanent shortcoming. Rather, it is something temporary that can dominate everything we think, limiting what we do. In his blog, Rich … Continued

De-Risking Strategies for Governmental Pension Plans is Discussed in Bob Hazy's Article Published in the GFOA's Ledger

  PENSION DE-RISKING: A PRIMER FOR GOVERNMENTAL SPONSORS By:   Robert W. Hazy, EA, FCA, MAAA, Senior Consultant and Actuary, Cowden Associates, Inc. Pension plans are a risky venture – and the sun rises in the east, and it’s dark at night – Have we enlightened you so far?  Sponsors of traditional defined benefit pension plans … Continued

Elliot Dinkin Writes for Smart Business Magazine

  Does Your Communication Style Cause Turbulence? Returning from a recent trip, I was in the midst of my second leg home, preparing a speech. I went about it in the usual manner: opening joke, overview of the topic, details, etc. The flight attendant gave the standard spiel about how to buckle a seatbelt, what … Continued

President/CEO Elliot Dinkin Quoted in HealthcareDIVE Newsletter on the New DOL Overtime Rule

The Department of Labor’s (DOL) final overtime rule, announced two weeks ago, raises the salary threshold to qualify for overtime from $23,660 to $47,476, affecting 4.2 million Americans. The salary threshold was last raised in 2004, and the recent ruling marks the first time overtime eligibility has been raised so drastically. Another first is the rule’s provision to automatically update … Continued

Understanding the Cost of Health Care in Retirement

By Elliot N. Dinkin, President/CEO, Cowden Associates, Inc. – Published in World at Work Many employers today provide access to planning tools and financial advisers to assist employees in maximizing their retirement wealth to provide for a comfortable post-work lifestyle. These tools and services are absolutely necessary for employees. However, there are other major factors … Continued

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