Jesal Mistry’s Post

As seen in NACD (National Association of Corporate Directors) Directorship Quarter 3 2024 Retaining key talent is a top priority for boards. Late career movement between companies is increasingly common as executives continue to retire later than ever. Traditionally, noncompete arrangements precluded executives from retiring and then immediately going to work for a competitor. Robert Romanchek and Sam Bricker discuss as the legality and enforceability of noncompete arrangements continue to shift, this mechanism for protecting against the poaching of executive talent is becoming less dependable. Read the full article: https://lnkd.in/gmsSJURJ

How to Tweak 401(k) Programs for Fairer Outcomes Employer contributions to retirement savings plans might seem like an uncontroversial benefit, available to all employees. But new research shows how employer-match programs and government tax policies actually exacerbate the retirement savings gaps between Black and Hispanic workers and those with lower-income parents on the one hand and their white counterparts and those with wealthier parents on the other. Read more in this article from #SHRM. https://buff.ly/3AWnDov #401k #Equity

Parker, et al. v. Tenneco, et al.; US Court of Appeals for the Sixth Circuit; Tanika Parker and Andrew Farrier, employees of subsidiaries of Tenneco Inc., each participated in 401(k) plans covered by the Employee Retirement Income Security Act (ERISA). Both plans (together, the “Plans”) had been amended to include mandatory individual arbitration provisions. These provisions required plan participants to bring suit in arbitration only in an individual capacity, not in a representative, class, or collective capacity, and to seek remedies only for losses to the participant’s individual plan account, not for monetary benefits that would accrue to any other participant’s account. These provisions explicitly applied to actions under ERISA § 502(a)(2) for relief under ERISA § 409(a). Parker and Farrier alleged that the fiduciaries of their Plans (the “Fiduciaries”) breached their fiduciary duties and sued under § 502(a)(2) on behalf of their Plans for all losses accruing to the Plans, disgorgement of all profits, and other injunctive remedies under § 409(a). The Fiduciaries moved to compel arbitration, arguing that the individual arbitration provisions blocked such a representative suit for plan-wide monetary remedies. The question for this court is whether the individual arbitration provisions are invalid as a prospective waiver of statutorily guaranteed rights and remedies. We hold that they are and affirm the judgment of the district court. https://lnkd.in/eSqWPKrr

NCPERS Public Safety Conference is less than one week away! Don't worry--there's still time to register to join nearly 400 #publicpension professionals in Palm Springs and gain insights into the latest investment, governance, and policy issues impacting the industry: https://lnkd.in/gGDwFHCw The carefully curated program dives into key issues such as cybersecurity, the sustainability of DROPs, retiree medical trusts, how to engage effectively with policymakers, and much more! https://lnkd.in/eFsV5rnu - Hear directly from the Houston Firefighters' Relief and Retirement Fund's Tim Schauer about their pension reform journey and get tips for engaging with key stakeholders. - Learn how the U.S. election could shape both domestic and global economies as T. Rowe Price's Christopher Dillon shares insights into the investment landscape. - Join Linea Secure's Peter Dewar and Linea Solutions' Nathan Haws for a deep dive into the benefits and risks posed by emerging AI technologies and find out how to establish effective governance frameworks. - Get important updates from Williams & Jensen PLLC's Anthony J. Roda; Ice Miller LLP's Robert Gauss; and Nossaman LLP's Michelle McCarthy on the latest regulatory developments surrounding the implementation of SECURE 2.0 and learn about pending federal legislation that could modify the tax treatment of public safety plans. - Find out how the LEOFF Plan 2 Board got unanimous support for a major benefit increase. - Explore new findings from the National Institute on Retirement Security on the critical role that pensions play in recruiting and retaining public safety professionals - Learn how to effectively implement a Retiree Medical Trust and get practical tips for negotiating contributions from The Wagner Law Group's Shana Saichek and Alexander Olsen - And much more! #PublicSafetyConference #NCPERS #continuingeducation #fiduciary

PFEW CEO Mukund Krishna highlights his commitment to transforming the organisation and admits there have been leadership failings in the past, as the Federation agrees the principle terms of the pension settlement. He said: “I’ve said this before and I’m not going to say anything different, but there have been leadership failings in the past, which is why we are where we are. “Ultimately, where we need to get as an organisation is to create a mature, modern, unified, diverse staff association…we are just about to set out our vision for 2028. “Our 2028 is all about building a unified Federation, looking at the membership as a whole. “Speaking to our members directly, I just want to recognise and acknowledge that these are very challenging times, and they are doing incredibly well to keep communities safe. “We are laser focused as a Federation, as an organisation to rebuild, and to be there for members.” Read more 👇

: https://lnkd.in/e44dGU7e ] One of the best ways to maximize your social security benefits is simply to wait to receive them. For sure wait until your full retirement age (which varies depending on birth year, 65 if born in 1937 or earlier; 67 if born in 1960 or later), but better to wait even as late as 70 to take them. If you start say at age 62 (the earliest possible age), your benefits will be significantly reduced. You could lose nearly a third of the monthly benefit amount you would receive if you waited until your FRA. Delaying benefits past your FRA can maximize social security benefits by up to 8 percent per year until age 70, thanks to delayed retirement credits.

How can you help employees understand how their HSA can benefit them today and in the future? Voya's Nate Black shares a few tips to keep in mind with Kiplinger.

How can you help employees understand how their HSA can benefit them today and in the future? Voya's Nate Black shares a few tips to keep in mind with Kiplinger.

How can you help employees understand how their HSA can benefit them today and in the future? Voya's Nate Black shares a few tips to keep in mind with Kiplinger.

How can you help employees understand how their HSA can benefit them today and in the future? Voya's Nate Black shares a few tips to keep in mind with Kiplinger.