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How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

Stepping Back: COBRA Qualifying Events. Myers notes, employers are required to offer COBRA coverage only when a qualified beneficiary loses coverage upon certain specified events. Accordingly, it’s more common for Medicare entitlement to act as an initial qualifying event in retiree health plans. Active employee George retires.

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Succession Planning: A Full Guide

Analytics in HR

This succession planning model is an adaptation from Groves (2005) , who proposed an integrated leadership development and succession planning model. Examples of this are events in which future leaders are developed that should be attended by executives and active mentoring of talent. Identification of leadership talent.

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The 1 Factor You Must Have to be an F500 CEO!

The Tim Sackett Project

In 2005 the average age of an F500 CEO was 46 years old. You want someone with seasoning who will tend to be less reactive to major events. Something truly, statistically interesting has happened over the last 14 years to CEOs of the Fortune 500. It really defies logic. Feels about right. The perfect combination of youth and wisdom.

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401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. To allow employees to supplement their future retirement income. To provide a highly mobile work force with a suitable way to save for retirement. Today, they are one of the most popular and widespread employee benefits.

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Do Service Awards Still Matter?

Terryberry

I remember the first service award event I attended as an employee of Terryberry a few months after I was hired. That year, one individual was retiring after over three decades with the company. That event in 2005 communicated to me what Terryberry is about. I received a welcome aboard award , which was cool.

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Succession Planning: Essential Guide for HR

Analytics in HR

Employees get promoted, move companies, and retire every day. The succession planning model depicted below is an adaptation of Groves (2005) , who proposed an integrated leadership development and succession planning model. Whenever someone occupying a critical role quits or retires, you should make a succession decision.

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401(k) Hardship Withdrawal Rules Explained

HR Daily Advisor

To ease employees’ concerns about access to their elective deferrals in the event of a financial emergency, an employer may provide for hardship withdrawals in its plan. For employers, it increases the adminis­trative burden of operating the plan; for employees, making preretirement withdrawals can sig­nificantly drain retirement savings.