Milliman professionals recently published the latest results of the Puget Sound and Portland Area Compensation Surveys. In this webinar, Milliman’s Larry Daniels and Lauren Busey provide current pay and benefits information within the context of the ongoing COVID-19 pandemic and social justice movement. In addition, Heidi tenBroek share ideas for effectively communicating your safe work plans, policy updates, and more.
The passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as well as general liquidity and business continuity concerns resulting from the financial effects of COVID-19, have created circumstances calling for reductions in executive compensation. However, employers and employees must carefully consider how any reductions are implemented to remain compliant with Internal Revenue Code Section 409A.
In this article, Milliman’s Dominick Pizzano and White & Case’s Henrik Patel and Kenneth Barr review executive compensation issues that should be examined during these turbulent times.