Faison Group’s Post

Curious about PIP and how it can support you? 🤔 Join our informative workshop on Wednesday August 23rd at 4pm. Whether MS affects daily tasks or mobility, PIP offers essential financial assistance. Learn about eligibility, the assessment, and how to apply. Let's navigate this MS journey together! Find out more about how to join this workshop here - https://lnkd.in/eXwHKC8k #MSUK #MS #MultipleSclerosis #PersonalIndependencePayment #PIP #OnlineActivities #Workshop

Watch our latest Regulatory and Legislative Strategy Group webinar where we will discuss the challenges plan sponsors and plan administrators may face when complying with ERISA and Summary Plan Descriptions. https://lnkd.in/gA5W3sdg

Here is our latest piece on public procurement in which my colleague, James Groves, and I look at some hard lessons for bidders for public contracts in recent case law

MN passed a new law that will take effect in 2026 and there is a lot to learn between now and then.  Check out the blog here! https://lnkd.in/gqGdakbn

THE DOUBLE-DIP: It isn't uncommon for a public employee to retire from his or her employment, to be immediately re-hired into the position so that he or she may continue working while receiving employment benefits ( 🍧 often referred to as "double-dipping"). But what if that employee is in the competitive, classified service? This week, the Ohio Supreme Court held that the retirement of a municipality's fire chief created a "vacancy" in the position, triggering the requirements for filling the fire chief position prescribed by RC 124.48. Even though the fire chief only retired with the intent of receiving retirement benefits and had no intention of relinquishing his position, and despite the fact that the mayor "rehired" the retired chief the very next day and there was no change in payroll, once the fire chief submitted his retirement to the Ohio Police and Fire Pension Fund, the position was deemed "vacant" under the plain meaning of the word. The court also found that the city's charter, by its own terms, did not exempt the appointment of a fire chief from the competitive promotional-examination process. The court remanded the case to the court of appeals to consider additional assignments of error that it had found moot. While double-dipping in and of itself is completely legal, public employers should carefully consider this new decision and consult legal counsel when drafting employment policies, making employment decisions, and enacting or changing their charters. Check out the court's reasoning here in State ex rel. International Association of Fire Fighters, Local 1536, AFL-CIO v. Joseph Sakacs, Mayor, et al.:

LPA Form 2: Do your Clients need it even if they say it’s “Too Expensive”?🤷🏻♂️ Recently, I came across a LinkedIn post that had the headline “𝗟𝗣𝗔 𝗙𝗼𝗿𝗺 𝟮 𝗶𝘀 𝗦𝗢 𝗘𝘅𝗽𝗲𝗻𝘀𝗶𝘃𝗲!” The points highlighted were good. And it’s true. Compared to LPA Form 1, Form 2 is much more expensive as it tends to be more curated. So I want to highlight this topic today: 𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝗶𝗳 𝘆𝗼𝘂𝗿 𝗰𝗹𝗶𝗲𝗻𝘁 𝗻𝗲𝗲𝗱𝘀 𝗟𝗣𝗔 𝗙𝗼𝗿𝗺 𝟮? Majority of my clients (especially those who just do Wills) tend to go for Form 1 since it is easier to do + cheaper! But for clients who also set up Trusts, they do lean toward LPA Form 2. Why? Because these clients typically like to be more specific with their instructions. And like I said, LPA Form 2 is more curated and needs to be drafted by lawyers. You can put what your donee can and cannot do. Whilst Form 1 just leaves the decision making purely on someone else. It all boils down to how much control your clients want to have on their LPA—on how their properties, affairs, and personal welfare should be handled in the event of mental incapacity. Of course, this isn’t really a strict rule. Most of the time, people would just opt for Form 1 and then switch to Form 2 along the way (if they see the need for it). This is just some food for thought—an overview of how you can know whether your client will be keen to set up LPA Form 2 despite the costs. You know your clients best so you will be able to make the best judgment as to what they need. Go and add massive value to your clients! #financialadvisors  #estateplanning  #Singapore #LPA

A lot of people are feeling scared about the Government’s new green paper to modernise PIP, and understandably so. They are proposing assessments based on diagnosis rather than how a person's life is impacted; vouchers instead of money, and that people pay upfront and claim back (which many can't afford). BUT! This is an early stage consultation. If this affects you, or your family, please speak up. More information and the survey can be found here. Easy Read versions listed, too. https://lnkd.in/d37Gfuny

📊 Attention Plan Administrators! The DOL, IRS, and PBGC have released 2023 Form 5500 informational copies with key changes to watch out for. Stay tuned for official electronic versions to file through approved vendors or the EFAST2 website. Remember, reporting errors can lead to penalties. #DOL #IRS #pbgc

📊 Attention Plan Administrators! The DOL, IRS, and PBGC have released 2023 Form 5500 informational copies with key changes to watch out for. Stay tuned for official electronic versions to file through approved vendors or the EFAST2 website. Remember, reporting errors can lead to penalties. #DOL #IRS #pbgc

Tax season is here – If you were enrolled in a 2023 Qualified Health Plan and need help learning where to find Form – 1095-A, check out our 1095-A playlist on YouTube. This 1095-A playlist teaches you what you need to know and what’s included in the 1095-A form so you can file with confidence! bit.ly/3sa9jR6 #TaxSeason #Enrollment #EnrollNY