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The good: Americans are saving for retirement at record rates driven in large measure by the growing number of employers automatically enrolling them in workplace 401(k) plans and workers automatically boosting the percentage they contribute each year. The bad: Account balances took a hit in recent years.
For decades, it was common for employers to maintain employer-funded defined benefit pension plans (“DB Plans” or “Plans”) to provide retirement benefits to their employees. In recent...
The House and Senate are moving forward on several versions of legislation, which are collectively known as the “Secure Act 2.0” because they would build off of the Secure Act, the last...
The Latest: COBRA Subsidies and New COBRA Election Rights COBRA subsidy – Similar to legislation adopted in 2009 in response to the Great Recession, ARPA includes provisions that provide for a 100% subsidy of COBRA group health plan premiums (including premiums for continuation coverage under state "mini-COBRA" statutes) for "assistance eligible individuals" (AEIs). AEIs are qualified beneficiaries who experience a COBRA election right in connection with an involuntary termination of employment or a reduction in hours and who are (or will be) receiving COBRA coverage at any point from April...
United States: SEC Proposes to Amend Rule 701 and Form S-8 and... United States: SEC Proposes to Amend Rule 701 and Form S-8 and Extend Rules to âGigâ Workers The SEC proposed amendments to the Form S-8 registration statement relied on by Exchange Act reporting companies and the Rule 701 exemption from registration available to non-reporting companies for equity awards and other compensatory securities offered to employees, directors, consultants and advisors. The proposed changes are intended to modernize and simplify the securities offering requirements for such compensatory offe...