Results for “Retirement Plans”

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Benefits & WellbeingRelatedEighteen months after closing our final salary scheme: what I would do differentlyWe closed our defined benefit scheme to future accrual at the start of last year and moved about 900 remaining active members into the defined contribution plan the rest of the company already had. DuTheo Rasmussen · 4 replies · 7mo ago
Benefits & Wellbeing · AnsweredRelatedHow do you restructure a 401(k) match without it landing as a pay cut?Regional US distributor, about 2,400 employees, a mix of warehouse, drivers and office staff. The match today is 100% of the first 4%, immediate vesting. Participation is 61% overall but only 38% amonQuentin Hoffmann · 5 replies · 2y ago

Benefits & WellbeingRelatedTwo German occupational pension arrangements after an acquisition: keep both or merge?We are a mid-sized German machinery group, about 4,100 employees, and bought a competitor with 800 staff last year. We run a contribution-based direct insurance arrangement with an employer contributiElif Kowalski · 0 replies · 1w ago

Sydney ChapterRelatedSuperannuation changes and total rewards statementsWith the guarantee rate now at 12 percent we are rewriting our total rewards statements, and the old question is back: do we quote packages inclusive or exclusive of super? About 60 percent of our 2,4Omar Jimenez · 3 replies · 4w ago

Benefits & WellbeingRelatedDoes a leave-purchase or sabbatical savings scheme get used outside head office?Insurance company in the Netherlands, around 2,200 employees. We are looking at letting people save up to 100 weeks of leave over time, funded from unused holiday and salary, to take as a sabbatical oVictor Pereira · 1 reply · 7mo ago

New Member WelcomeBenefits person for twelve years, finally admitting I do not understand pay rangesmanage benefits for a hospital system in Ohio with about 9,000 employees: health plans, retirement, leave and the wellbeing programme. I know that world thoroughly. Our total rewards director wantsKiara Gupta · 3 replies · 2y ago

Executive CompensationDeferred bonus for a good leaver at a bank: keep the original schedule or pay out?cash and shares. He has asked for it to be released at retirement. Our plan rules say good leavers keep their awards on the original schedule, subject to the same reduction provisionsJames Okafor · 0 replies · 1w ago

Global & MobilityUnpopular view: the full balance sheet is the wrong default for most moves todayIn a replytheir home plan. Our local-plus movers under 35 did not care at the time, and several are now discovering gaps of four or five years in their retirement savings. We haveKiara Moreau · 6 replies · 7mo ago

Executive CompensationRelatedDesigning a long-term plan for a member-owned insurer that has no share priceI joined a mutual insurer in the Netherlands eighteen months ago after years in listed companies, and designing a long-term incentive without shares has been more interesting than I expected. What we Nadia Haddad · 3 replies · 2y ago

Sales CompensationRelatedThe four charts I bring to the annual plan review, and the one I droppedEach October I present a review of the sales incentive plan to our executiveIsla Walsh · 3 replies · 1y ago

Executive CompensationRelatedWho actually enforces a post-employment shareholding requirement once someone has gone?UK listed insurer. Our policy requires executive directors to hold shares worth 250% of salary for two years after leaving. It was approved three years ago and our first departure under it is coming uJames Okafor · 0 replies · 1w ago

New Member WelcomeTwo months into my first reward job and I have inherited the sales commission planfirst year on grading and the annual review. Instead, the sales director retired, and the commission plan for 45 salespeople in four countries has come to me. It is a spreadsheet withKiara Gupta · 2 replies · 5mo ago