OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION

Vol. 108 2024 No. 4

Post-Severance Compensation vs. Severance Pay

Post-Severance Compensation vs. Severance Pay

A widely discussed but frequently misunderstood topic that is critical to a qualified plan’s operations and compliance is post-severance compensation. An incorrect interpretation could result in costly and/or time-consuming corrections – whether it’s resolved through an interaction with the Internal Revenue Service or through self-correction.

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Keep Those Business Deposits Tied to Your Bank

Keep Those Business Deposits Tied to Your Bank

Commercial demand deposit accounts are an integral part of a bank’s deposit portfolio. They are less likely to move from bank to bank due to the various ancillary products tied to the accounts. One of the most viable ways to create a more “sticky” deposit relationship is through the offering of a quality merchant services product.

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Rising BAB Redemptions

Rising BAB Redemptions

Build America Bonds were created as part of the 2009 American Recovery and Reinvestment Act. BABs are federally taxable municipal bonds issued during 2009 and 2010 for which up to 35% of the borrowing costs are federally subsidized either through payments to the issuer as Direct-Pay BABs or through payments to bondholders as Tax Credit BABs. The IRS estimates that more than $181 billion of BABs were issued by state and local governments, and Bloomberg data suggests that about $116 billion of BABs were still outstanding as of March 2024.

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EEOC’s Updated Guidance on Workplace Harassment

HR Topics: EEOC’s Updated Guidance on Workplace Harassment

Pregnancy, Bathrooms, Misgendering and More

Employers have an affirmative legal obligation under federal and state employment discrimination laws to provide a workplace free from unlawful harassment. Not all harassment is illegal. Unlawful harassment is harassment on the basis of any protected characteristic, including race, color, sex, religion, disability, national origin, gender identity, sexual orientation, age, etc.

HR Topics: EEOC’s Updated Guidance on Workplace Harassment

Pregnancy, Bathrooms, Misgendering and More

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