On October 3, 2017, the Internal Revenue Service (IRS) released Notice 2017-60, finally acknowledging that new mortality assumptions would be required for 2018 in the determination of minimum contributions and, by association, Pension Benefit Guaranty Corporation (PBGC) premiums. (See New IRS Mortality Tables for 2018 Bring Host of Concerns for DB Plan Sponsors.)
Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson.
The executive benefits and perquisites landscape may make you recall lessons from high school geology. Movement is often slow, but can result in dramatic shifts. As the competitive landscape adjusts to economic and societal forces, so do the ways companies seek to attract and retain their key executives. To find out whether (or how) benefits […]
Well, 2017 is over! Another year in the books. I don’t know about you, but they seem to go faster as I get older. It’s like I’m speeding to a finish line that I don’t necessarily want to reach! But it’s like I say about birthdays, it sure beats the alternative. So I’m grateful to […]
by Dan Oswald I’ve said before on these pages that I don’t do a great job of celebrating our company’s successes. It seems that as we achieve a goal, I immediately look to the next opportunity or focus on a problem area that needs attention when I should be recognizing and congratulating everyone involved in […]
by Dan Oswald Have you ever noticed that as you get older, time seems to speed up? When I was a kid, a year seemed like forever. Now, not so much. We’re more than halfway through 2017. I know, it seems like we just celebrated New Year’s, and now we’re looking at the 4th of […]
by Sophie Arseneault and Christian Paquette In Canada’s most populous province, labor and employment matters are governed by two fundamental statutes: the Employment Standards Act (ESA) and the Ontario Labour Relations Act (LRA). The ESA sets out minimum rights and obligations of employers and employees in the province. The LRA governs a host of matters […]