Learn Best Practices So You Can Better Ensure the Success of a Phased Retirement Program
Retirement looks very different in the 21st century than it did in the past, and employers and employees are facing different challenges and looking for different opportunities. Phased retirement is a human resource tool that will allow full-time employees to work a part-time schedule and draw partial retirement benefits during employment. Such a program can serve as a tool that allows managers to better provide unique mentoring opportunities for employees while retaining access to the decades of institutional knowledge and experience that retirees can provide.
This course will explain how phased retirement works and help you understand what to consider when evaluating such a program. Additionally, the legal requirements applicable to phased retirement and what compliance issues may be faced by employers implementing these programs. This course will provide employers with information about trends and best practices so they can better ensure the success of a phased retirement program.
Learning Objectives
- You will be able to describe how phased retirement works.
- You will be able to discuss how phased retirement can serve both employers and employees.
- You will be able to explain how the law applies to phased retirement programs.
- You will be able to identify how a phased retirement program can be implemented.
Agenda
Background and Overview
- What Is Phased Retirement?
- What Are the Current Trends?
- What Issues Must Still Be Explored?
Legal Framework
- What Laws and Regulations Apply to Phased Retirement?
- What Have the Regulatory Agencies Said?
- What Do We Expect in the Future?
The Employer and Employee Experience
- What Options Are Available to Employers?
- How Do Employees Plan for Phased Retirement?
- What Effect Does This Have on Other Benefits?
Suggestions
- How Does an Employer Get Started With a Phased Retirement Program?
- How Should Employees Be Educated About Their Options?
- What Other Considerations Should Be Taken Into Account?
Speakers
Stefan P. Smith,
Locke Lord LLP- Partner at Locke Lord LLP
- Has extensive experience in employee benefits and executive compensation law
- Works with both public and private entities to establish and ensure the continued compliance of tax-qualified defined contribution and defined benefit retirement plans, including 401(k)/profit-sharing plans, traditional defined benefit plans, money purchase plans, employee stock ownership plans, and cash balance plans
- Assists with employee benefit matters arising during mergers and acquisitions and works with all forms of health and welfare plans and executive and equity-based compensation, including incentive and nonqualified stock options, restricted stock awards, stock appreciation rights, employee stock purchase plans, phantom equity, performance unit and bonus plans, SERPs and other excess benefit plans, and nonqualified deferred compensation plans
Who Should Attend
This live webinar is designed for human resource managers, benefits administrators, controllers, CFOs, presidents, vice presidents, and business owners.
