BALTIMORE, Oct. 14, 2020 /PRNewswire/ — Transamerica announced today that the company has been selected to be a retirement plan recordkeeper of the Lockton Northeast (NE) Series pooled employer plan. Lockton is a global professional services firm and the world’s largest privately held independent insurance broker. Pinnacle, an NPPG Company, will serve as the third party administrator and NPPG Fiduciary Services as the Pooled Plan Provider (PPP). This collaboration is a new milestone in Transamerica’s pioneering history in pooled retirement benefit plans, encompassing nearly two decades of advocacy and specialization.
To support the new Lockton NE Series pooled employer plan, Transamerica will leverage its pooled retirement plan experience. Transamerica can offer a flexible plan design to each adopting employer in the pooled plan, enabling employers to customize their retirement plan’s design elements based on employees’ needs. Transamerica also offers specialized recordkeeping specific to each adopting employer in the pooled
It came to Terry Wallace as an epiphany. On a Sunday about two years ago at his Palmer Township home, Wallace’s daughter Michaella posed a question before his weekly commute to New York City, where he kept an apartment for a job at WeWork.
Senate Majority Leader Mitch McConnell on Tuesday said lawmakers would vote on a small businesses loan program to help firms damaged by the coronavirus pandemic, but the prospects for approval are dim.
Democrats and Republicans in Congress remain locked in a prolonged disagreement over how much additional stimulus is needed to support the economy, with Democrats holding out for a larger, broader package than the narrowly-focused measure McConnell proposed.
The Republican leader said senators would vote on adding more money to the Paycheck Protection Program (PPP), which provided hundreds of billions of dollars in loans and grants to small businesses but ran out of money in August.
“Republicans do not agree that nothing is better than something for working families,” McConnell said, without saying how much the proposal would cost.
“The American people need Democrats to stop blocking bipartisan funding and let us replenish the PPP before more Americans lose
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MCLEAN, Va.–(BUSINESS WIRE)–Oct 12, 2020–
fibeReality, LLC announced in a newly published study that the 5G strategy of Verizon Wireless and other mobile network operators is simply about ensuring their sheer survival because of the intense concern of running out of adequate capacity in general, based on the burgeoning data requirements of their current and near-term customers. Verizon’s 5G Enterprise: Hoarding mmWave for Viability states that although being compelled to quickly respond to getting hammered on the marketing side for full nationwide 5G offerings, especially by T-Mobile, Verizon has already gained a vital network cost and efficiency advantage in maximizing its internal scale capability, including deploying the most optimal architectural design, and encompassing its fiber support infrastructure.
“There has been a false industry-wide narrative that the main purpose of 5G
The pandemic has prompted people of all ages to consider wills and emergency health plans.
At a minimum, lawyers recommend New Yorkers complete a health care proxy and consider a power of attorney, which, respectively, allow others to steer their treatment and finances, if necessary.
Here are few resources for end-of-life planning.
Definitions and documents
When and why
Consider and codify your preferences when you’re healthy because documents cannot be finalized if there are questions about your ability to understand what you’re signing, said Maria Hunter, director of the public benefits unit at New York Legal Assistance Group, which provides free financial planning and legal assistance to low-income New Yorkers.
Be aware that if your wishes do not match the state’s framework, you will want to draft your own plans. Working with an attorney becomes more important when your preferences are “jumping the line,” according to Erika Verrill, attorney for
IBM is splitting itself in two, spinning off its legacy technology services business to focus on cloud computing and artificial intelligence, a move that reflects how decisively computing has shifted to the cloud.
The split is IBM’s effort to grab more of that fast-growing business and thrive amid the market leaders, Amazon Web Services, Microsoft and Google.
The business retaining the IBM name will include its cloud operations, along with its hardware, software and consulting services units. They represent about three quarters of the current company’s revenue.
The business to be spun off, in a company that has not yet named, is IBM’s basic technology services business, which maintains, supports and upgrades the computing operations of thousands of corporate customers.
That business is sizable, with sales of about $19 billion a year, but it’s not where the growth opportunities lie in the technology business.
The woes of H-1B visa aspirants won’t end even if Donald Trump loses the presidential elections in November.
Trump, with his aggressive anti-immigration rhetoric, is often perceived as the only force against the US long-term work visa. But, if one reads the fine print of Joe Biden’s stance on immigrant workers, it is clear that things will never go back to as good as they once were.
During his campaign, Biden has promised to be less harsh with H-1B restrictions, expand the number of available visas, and even do away with country quotas for green cards—the reason why most Indians have to wait for several decades to get one.
Biden has also said he will ensure that foreign students getting PhD degrees in science, technology,
The online retail giant plans to occupy a bunker-like former Canada Post mailing center that’s being redeveloped into a new 1.1 million square-foot office to house 8,000 jobs by 2023, Jesse Dougherty, a vice president and Vancouver site lead at Amazon, said by phone. Currently, the company has 2,700 full-time employees at its city hub. It also plans to add 500 jobs in Toronto, according to a statement released Monday.
A weak loonie, lower wages and a steady flow of graduates make Canada an attractive place to expand for tech companies whose largest expense is labor.
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:
Frasers Group board back £100m staff bonus plan
The board of Frasers Group, majority-owned by Mike Ashley, has urged shareholders to back a £100m ($128.9m) company bonus scheme that “could be worth in excess of £100m” for staff.
The company, which owns Sports Direct, Flannels, Evans Cycles, USC, Jack Wills and GAME, said in a statement the “vast majority” of workers could receive cash or stock bonuses if its share price reaches a target level.
“Eligible and qualifying” workers could receive cash bonuses for up to four weeks’ salary, while 1,000 outstanding staff could receive shares worth between £50,000 and around £1m.