When a multiemployer pension fund assesses a withdrawing employer with withdrawal liability, that employer is permitted to pay its assessment in installment payments. To calculate the annual payment amount for these installment payments, funds use a formula that combines:The highest consecutive t…Continued
In celebration of Women’s History Month and international Women’s Day, Conference of Consulting Actuaries (CCA) President and Bolton’s Chief Actuary, Ellen Kleinstuber participated in a CCA panel discussion focused on women in actuarial leadership this week. Ellen and the four other panelists, who …Continued
As 2021 came to a close, it was apparent how drastically the marketplace had shifted over the last year. COVID-19 changed how the world does business, and its impact will be felt for years to come. Not only did the pandemic increase medical costs and unemployment levels, but it also shed light on d…Continued
In its recent announcement of a warehouse and logistics worker initiative, the Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) stated the action would include a focus on federal Family and Medical Leave Act (FMLA) compliance.The InitiativeThe announcement said the division would …Continued
Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans. This updated compliance resource explains key 2022 compliance deadlines for employer-sponsored group health plans. It also outlines group health plan notices th…Continued
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