Oregon is rolling out its state-run retirement plan for the private sector. Based on publications recently issued by Oregon, the purpose of this program is to encourage and facilitate retirement savings for workers without access to an employer-sponsored retirement savings plan. This program, referred to as the Oregon Retirement Savings Plan ...
Although the equity markets continue on a record breaking tear, many multiemployer pension plans remain severely underfunded. Unfunded pension liability, also referred to as employer withdrawal liability, creates substantial risks for union employers. Non-union employers contemplating signing on with a local union should consider ...
It is fall, time for pumpkin carving, college football rivalries and of course, the IRS’s annual update to the retirement plan limits. After three years, the elective deferral limits for 401(k) and 403(b) plans will get a bump from $18,000 to $18,500. Consistent with last year, the annual compensation limit increased another $5,000 from ...
It’s already October and the MLB post-season is just around the corner, as is the end-of year notice season. The Medicare Part D Creditable Coverage Notice is first on the list and must be provided by employers sponsoring group health plans prior to each October 15th. You must distribute this notice to all individuals enrolled or seeking to enroll ...