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Certified PEO

Zenefits

They may provide some or all of a company’s HR needs including payroll, benefits administration, and workers’ compensation. To receive accreditation , PEOs must demonstrate compliance with 40 of the industry’s gold standard practices. Compliance for insurance, workers’ compensation, and human resources.

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Employment Laws in Nigeria

Global People Strategist

3. The Pension Reform Act, 2014. Regarding retirement savings, Nigerian employees and employers have a legal obligation: make sure 7.5% 6. Employee Compensation Act. Nigerian employers are required to make a minimum monthly contribution of 1% of the total monthly payroll into the Employee Compensation Fund.

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As Baby Boomers Reach Retirement, Can Employee Buyouts Keep Small Businesses Open?

Zenefits

About 10,000 baby boomers turn 65 every day, fueling a retirement surge unlike previous generations — including a “silver tsunami” of retiring business owners who are faced with succession and ownership questions. As for the silver tsunami of retiring business owners, Powers says it’s already arrived. Boomers own 2.34

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IRS Delay in Implementing New Mortality Tables Affects Pension Liability Valuation

HR Daily Advisor

27, 2014, released the final RP-2014 mortality tables and the MP-2014 mortality improvement scale for determining participant longevity in pension benefit calculations, updating tables from the year 2000. Depleting funds means it will be harder to compensate for shortfalls with investment returns. History of New Tables.

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Plan Sponsors Must Now Analyze 401(k) Plan Administration (Part 1)

HR Daily Advisor

When the Tax Cuts and Jobs Act (TCJA) was signed into law December 22, 2017, several proposed changes to the federal tax code that would have affected tax-qualified retirement plans were dropped. This article details three key areas that should be examined now. Special Tax Notices.

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IRS Again Extends Closed DB Plan Nondiscrimination Relief

HR Daily Advisor

The Internal Revenue Service (IRS) has extended for an additional year the temporary nondiscrimination relief it offers closed defined benefit (DB) retirement plans. Notice 2018-69 , issued on August 24, provides relief extension to plans with plan years beginning before 2020 that meet the requirements set in original 2014 guidance.

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Recruitment and Retention—What’s Really Happening for 2015?

HR Daily Advisor

HR.BLR.com is your one-stop solution for all your HR compliance and training needs. More and more, engagement and retention are the watchwords of HR and compensation, and training and development are major factors. Upcoming 2014 and 2015 BLR surveys include: Termination and Exit Interview Practices. Benefits: Retirement.