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Retirement

Accepting early retirement doesn’t mean automatic unemployment

08/01/2007

To streamline the work force, some employers encourage early retirement and may even include an inducement in the form of enhanced benefits. But unless the employer informs the employee her job is endangered unless she signs up, the employee is probably not eligible for unemployment compensation …

Additional workers’ comp benefits end at initial Social Security benefit age

07/09/2007

Employees who receive additional benefits under the Workers’ Compensation Law 15(3)(v) lose those additional benefits as soon as they reach eligibility for federal Social Security old-age benefits …

AARP finds Georgia’s work force is getting grayer

07/01/2007

Jobs will grow in Georgia over the next two decades, according to a recent report from the AARP, but filling them will be a challenge …

Planning to outsource? Prepare to document solid reasons

07/01/2007

Twenty years ago, an employee might have expected his employer to reward long years of service with a secure retirement. That’s no longer the case …

Align comp & benefits with phased-Retirement options

07/01/2007

The Pension Protection Act of 2006 allows employers to pay pension benefits to employees age 62 and older who are covered under a defined-benefit pension plan even if they continue to work. The change makes phased retirement a viable option for employers who want to keep their mature, experienced workers …

Audit past leave credits when crafting early retirement plan

06/01/2007

If your organization is considering early retirement as an incentive to move out highly compensated employees, do your homework first. To properly calculate seniority, you’ll need to check how unpaid leave was handled years ago …

Discriminatory gap in pension law creates lawsuits

06/01/2007

The Centerport Fire District will pay over $350,000 to settle an EEOC age-discrimination lawsuit filed on behalf of 22 volunteer firefighters who were denied pension credit for service after age 65 …

Pension law makes it OK to help employees choose investments

04/01/2007

No matter how highly educated your employees are, they’re probably not professional investment experts. Yet it’s likely your organization has shifted responsibility for retirement savings to those employees. But now the Pension Protection Act of 2006 makes it safe for employers to arrange for employees to receive personalized, specific advice on investments …

Add some investment advice to 401(k) statements

03/01/2007

t’s not a good idea for employees to invest too big a proportion of their retirement dollars in a single stock—even if it’s your organization’s stock. And the IRS says you have to point that risk out to employees four times a year on quarterly plan statements …

Forcing retirement at age 65 lands AFCO in legal hot water

03/01/2007

Chambersburg-based Alex C. Fergusson Inc. (AFCO) must pay $50,000 to a salesman after forcing him into retirement at age 65 …