INCLUDING: US - Indiana teachers pension increase supported; UK - New staffer at Buck; US - New chair for LASERS
Legislation to increase pensions for members of the Indiana Teachers' Retirement Fund has been approved in the Indiana House. Members of the Indiana House unanimously supported House Bill 1019, which provides a cost-of-living adjustment (COLA) for members, survivors and beneficiaries of the TRF. The legislation, if approved by the Senate, will provide a two-percent increase for the pensions of teachers who retired before 2000 and a one-percent increase to those who retired between 2000 and 2006.
UK - New staffer at Buck
Buck Consultants has appointed Mark Mayhew as principal and sales consultant. Mayhew joined from Mercer and will be based in London.
US - New chair for LASERS
The governing body of the Louisiana State Employees' Retirement System (LASERS) has elected new trustees to the board. Sheryl Ranatza was elected as board chair, Trudy White, was elected vice chair. The board is composed of 12 members. Nine trustees are elected by active and retired members of LASERS.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.