2 Employer contributions
for 492.7 513.3 526.3 546.4
North Wales Police and Crime Commissioner Arfon Jones warned there was even worse to come because of proposed changes to the police pension scheme which would see a 10% hike in employer contributions
Despite annual comments from PERS leadership, particularly outgoing Executive Director Pat Robertson, that everything was hunky-dory, this new bump in employer contributions
reveals either the naivete or the deception of those comments.
Summary paragraph: When the plan year ends on a weekend; vesting schedules for employer contributions
; why the new fiduciary rule covers IRAs not non-ERISA 403(b)s
But Steve Webb, a former pensions minister who is now director of policy at Royal London, highlighted figures in the report showing what he described as "disappointing" employer contributions
Employers and employees are not subject to payroll taxes at any time on employer contributions
to retirement plans.
14 August 2014 -- Boston-based mutual fund company Fidelity Investments has released survey results that suggest many US workers still value employer contributions
such as profit sharing or a 401(k) company match as one of the most important components of their benefits offering.
Anyone who does opt-out, however, would of course cease to benefit from the employer contributions
that would have otherwise been made on their behalf.
workers need to save between 11 percent and 15 percent, including employer contributions
, over their entire working career to replace 85 percent of income in retirement.
--Employer contributions (except mandated employer contributions
) or member contributions provided the member has been gainfully employed on at least a part time basis during the financial year in which the contributions are made (this is commonly referred to as the work test).
* It allows rank-and-file employees--as well as highly compensated employees--to receive employer contributions
that are fully vested right away.