Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Rules Describe How Employers Will Identify Full-timers through Job Changes

New guidance from the IRS proposes new approaches to the application of the look-back measurement method, which employers use to determine if an employee is full-time or part-time for purposes of the employer mandate. Notice 2014-49 covers situations such as when an employee transfers from a position (such as hourly) using one measurement period to […]

Motorola Launches Third-largest U.S. Pension Buyout, Hopes to Shed $4.2B in Obligations

Motorola Solutions Inc. will shift about $3.1 billion in pension obligations to around 30,000 retirees in its frozen defined benefit plan to Prudential Insurance Co. at the start of 2015. The risk transfer becomes the third-largest of its kind, after similar moves in recent years by General Motors Co. and Verizon Communications Inc. At the […]

Plan Sponsors Might Have to Report Lump-sum Pay Offers

Pension plan sponsors that offer to “cash out or annuitize benefits” for former employees would have to report this to the U.S. Pension Benefit Guaranty Corp., the agency has proposed. In a routine information-collection change request to the Office of Management and Budget posted Sept. 23 (79 Fed. Reg. 56831), PBGC said it intends to […]