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NAVEX Celebrates the Grand Opening of its New Bangalore Office

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, today announced the grand opening of its permanent Global Capability Center (GCC) office in Bangalore, India. In May 2024, NAVEX established a permanent presence in India as a significant step forward in executing on its strategic goals driven by the company’s ongoing commitment to international growth, talent acquisition, and investment in technology and services. The new office will house around one hundred experts including the customer success, product engineering, marketing, human resources, product planning, management, and information technology teams. The center will help the business operate with agility while building awareness among companies in India, and Asia more broadly, seeking governance, risk, and compliance (GRC) expertise. It will play a pivotal role in accelerating product innovation, providing excellence in customer experience, and building on the company’s legacy. Udayakumar Sethu, Vice President of Software Engineering and India Site Leader at NAVEX, adds, “We are delighted to reveal our new Global Capability Center! It is a huge development in our globalization strategy, and it will help us to build awareness and momentum in the vibrant Bangalore market. As a purpose driven company, NAVEX prides itself on creating a people-first culture that is meaningful and relatable to each person. We aim to be a diverse, inclusive, and sustainable company that celebrates cross-cultural collaboration and communication.” The India office showcases NAVEX’s commitment towards expansion into South Asia. The company’s global footprint provides more opportunities for its team members to grow, contribute, and thrive, as the center offers a new workspace that will inspire everyday collaboration, shared knowledge, and learning. Current facilities include designated parking, a food court, employee transport and more to ensure all employees work in a supportive, safe, and secure environment. The NAVEX GCC’s proximity to key Asian markets, such as Singapore, Japan, and Australia, also adds fundamental value to business operations. With a presence now across America, Europe, and Asia, NAVEX’s impact spans the globe, providing over 88 million employees at more than 13,000 organizations with a safer place to work. Due to significant international customer momentum in Europe, the company opened a new London office in 2023. The move follows its growing presence in Finland, the acquisition of WhistleB in Sweden, and the establishment of its Frankfurt data facility. Learn more about life at the new NAVEX India GCC on our website. About NAVEX NAVEX is the recognized leader in risk and compliance management software and services, empowering thousands of customers around the world to manage and mitigate risks with confidence. NAVEX’s mission is to help customers promote ethical, inclusive workplace cultures, protect their brands, and preserve the environment through sustainable business practices. For more information, visit our website and our blog. Follow us on Twitter and LinkedIn. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global +1 617-388-5773 anita.lo@navex.com Company Website https://navex.com

January 21, 2025 09:39 AM Eastern Standard Time

News Release

Horn Wright, LLP, Named ‘Best Law Firm’ in 2025 Bethpage Best of Long Island Awards

Rev Up Marketers

Horn Wright, LLP is proud to announce its selection as the 2025 Best Law Firm in Long Island in the prestigious 2025 Bethpage Best of Long Island awards. This recognition underscores the firm’s dedication to delivering exceptional legal services and highlights its trusted reputation throughout Nassau and Suffolk counties, and all of its offices in the entire Northeast. The Bethpage Best of Long Island awards, established in 2005, celebrate outstanding businesses and professionals who provide unparalleled services in their fields. As one of Long Island’s most anticipated annual traditions, the awards draw widespread participation from the local community. This year alone over 1.2 million votes were cast across over 100,000 nominations. Winning a category, especially one as competition as Best Law Firm, is an incredible mark of distinction. “We’re honored to be recognized as the best law firm on Long Island,” said Charles Horn, partner at Horn Wright, LLP. “This achievement reflects our team’s commitment to serving our clients and our community with integrity and excellence.” Horn Wright, LLP’s Commitment to Excellence Horn Wright, LLP’s recognition as the Best Law Firm on Long Island stems from dedication to client success and community engagement. Known for both its compassionate approach and legal expertise, the firm has earned the trust of clients facing challenging circumstances. Beyond its legal achievements, Horn Wright, LLP, actively participates in local initiatives, supporting events, charities, and projects that strengthen the Long Island community. These efforts, combined with a client-centered philosophy, have solidified the firm’s reputation as a leader in the legal field. “Our clients inspire us to work harder every day,” said Ron Wright, partner at Horn Wright, LLP, based out of its Rochester law office. “Being named best law firm in such a competitive area of the country as Long Island reflects the trust our clients place in us and the dedication of our attorneys and staff. We couldn’t be more grateful.” Looking to the Future: Horn Wright, LLP, Growing at an Accelerated Rate While this recognition is a significant milestone, Horn Wright, LLP, remains focused on the future. The firm plans to continue expanding its services and exploring new ways to better serve its clients. Whether assisting with complex legal matters or providing guidance during difficult times, the firm’s mission remains the same: delivering top-tier legal representation with care and integrity. Horn Wright, LLP, is a full-service law firm serving Nassau and Suffolk counties from its Garden City law office. With a focus on personalized legal solutions, the firm specializes in personal injury, civil rights, police brutality, employment law, No-Fault litigation and arbitration, intellectual property, nursing home abuse and neglect. Horn Wright, LLP is committed to supporting clients through every step of their legal journey. About Horn Wright, LLP Horn Wright, LLP is a leading law firm in Garden City, Long Island, specializing in personal injury, civil rights, and more. Known for expert guidance and community support, the firm delivers personalized legal solutions with care and integrity. For press inquiries, please Visit https://www.hornwright.com/ Contact Details Horn Wright, LLP Charles Horn, Esq. +1 516-714-5975 info@hornwright.com Company Website https://www.hornwright.com/

January 15, 2025 02:13 PM Eastern Standard Time

PrestigePEO Announces Strategic Investment in Top Talent to Drive Unprecedented Growth in 2025

PrestigePEO

PrestigePEO, one of the nation's leading professional employer organizations (PEOs), has added three seasoned executives to its leadership team: Kymberly Porter, Raymond Len, and Michael Kucza. These strategic hiring moves have been carried out to support PrestigePEO’s rapid growth and continued commitment to industry innovation and excellence. Setting the Stage for Industry Leadership PrestigePEO has leveraged its momentum from a record-breaking 2024 to chart an ambitious course for continued expansion in 2025 and beyond. With the addition of Porter, Len, and Kucza, PrestigePEO is investing in top-tier talent to create value and deliver an unmatched experience to clients and broker partners. Michael Kucza, the incoming Chief Financial Officer (CFO), will oversee PrestigePEO's finance and accounting functions. In this critical role, Michael will focus on optimizing financial performance, driving revenue growth, enhancing profitability, and ensuring strong fiscal management to support the company's strategic expansion. Kucza joins PrestigePEO with impressive credentials and significant experience in private equity backed, high growth environments. Kymberly Porter, a PEO industry veteran with a well-known track record, has joined as Vice President of Underwriting. In her new role, Kym will enhance risk assessment processes, streamline underwriting operations, and deliver data-driven insights to benefit PrestigePEO’s ability to support new business. Her leadership will further strengthen PrestigePEO’s reputation as the broker’s PEO of choice while providing a best-in-class benefits experience. Raymond Len will serve as Head of Underwriting. In this pivotal role, Raymond will oversee client renewal underwriting and related carrier relationships, implementing risk management strategies to ensure sustainability. His expertise will enhance PrestigePEO’s capacity to provide precise, data-driven solutions that empower brokers and clients to achieve long-term success. A Message from Andrew Lubash, CEO of PrestigePEO " 2024 was a banner year for PrestigePEO. We achieved milestones that underscored our organization's strength, our team's dedication, and our clients' trust," said Andrew Lubash, CEO of PrestigePEO. " The addition of Kym, Ray, and Mike to our team is a testament to our commitment to continuously raising the bar. Their combined expertise will propel PrestigePEO to new heights as we redefine what's possible in the PEO space." Driving Unmatched Value for Clients and Broker Partners This strategic investment reflects PrestigePEO’s core mission: empowering small and medium-sized businesses with best-in-class HR, benefits, and compliance solutions through strong partnerships with brokers. By fostering these relationships and delivering innovative solutions, PrestigePEO enhances client and broker experiences, ensuring mutual success. With this steadfast focus, PrestigePEO is poised to set the gold standard for the PEO industry. About PrestigePEO PrestigePEO stands among the nation's top professional employer organizations (PEOs), delivering tailored HR solutions that include premium employee benefits, compliance expertise, payroll management, retirement planning, and more. By partnering with benefits brokers and their small to mid-sized business clients, PrestigePEO provides personalized support and access to Fortune 500-level benefits, enabling businesses to grow confidently. Headquartered in Melville, NY, and serving clients nationwide, PrestigePEO is committed to excellence, innovation, and delivering unparalleled client-focused service. To learn more about, visit www.prestigepeo.com and follow PrestigePEO on LinkedIn, Facebook, X, Instagram, and YouTube. Contact Details PrestigePEO Jay Zamft, Director of Marketing +1 516-692-8505 jzamft@prestigepeo.com Company Website https://www.prestigepeo.com/

January 15, 2025 08:00 AM Eastern Standard Time

Comcast to Expand Fiber Broadband Services Across Butte & Colusa Counties

Comcast California

Comcast announced it will expand its reliable, smart, high-speed, fiber broadband network in both residential and commercial neighborhoods in Northern California’s Butte and Colusa counties. By 2026 these expansion efforts will bring Comcast’s next-generation network to over 260 locations in Colusa County and to 445 locations in Butte County, all of which had previously been unserved. This broadband network expansion is made possible by an over $8 million Federal Funding Account (FFA) Grant from the California Public Utilities Commission (CPUC) and private funding by Comcast. Comcast also recently announced it received FFA grants from the CPUC to expand its fiber-rich network in Tulare, Marin, Sutter and Madera counties. “Comcast’s commitment to digital inclusion means ensuring that everyone, no matter where they live, has the opportunity to succeed in the digital world,” said David Tashjian, Regional Senior Vice President, Comcast California. “By working together in these public-private partnerships, not only are we working collectively to close the digital divide in Butte and Colusa counties, but we also begin to create a brighter future for residents and ensure that all individuals have the tools and resources they need to succeed in a digital age.” “I want to thank Comcast and the California Public Utilities Commission for working together, in this public-private partnership, as we continue to invest in the future of Colusa County,” said CA State Senator Megan Dahle (D-1). “Working together to close the digital divide in our region will open doors to education, healthcare, and economic opportunity for all residents, ensuring no one is left behind." “Last-mile broadband investments in Butte County are needed and improve quality of life,” said Andy Pickett, Chief Administrative Officer for Butte County. “We are pleased to hear residents in and around the City of Oroville will have better access to broadband.” Comcast’s commitment to communities goes beyond network expansion and aims to increase economic mobility through programs that help bridge the digital divide like Internet Essentials, which offers eligible households low-cost, high-speed Internet and affordable computers. Since its inception in 2011, the program has connected more than 2.2 million Californians. Over the past three years, Comcast has invested over $130 million in cash and in-kind donations into California nonprofits focused on helping people build digital skills, expanding WiFi-connected Lift Zones and funding connectivity and Internet adoption programs. Residents and businesses can visit Xfinity.com/mytown and enter their addresses for additional details on construction timing and upcoming service availability. A Network You Can Trust to be Reliable, Fast and Secure Comcast’s state-of-the-art network is built to enable residents and businesses to thrive in today’s constantly connected world. Butte & Colusa counties join the more than 63 million homes and businesses across the country to have access to a network that is trusted by essential community organizations like hospitals, schools, transportation systems and first responders, and federal agencies like the Department of Defense and FEMA. It delivers multi-gigabit Internet speeds, 99.9 percent reliability and security built in from the ground up to keep customers safe from cyber threats. Introducing Xfinity for Consumers Comcast’s residential services are marketed under the Xfinity and NOW and brands, and consumers in Butte and Colusa counties will be able to take advantage of Xfinity’s and NOW’s full suite of products, including Internet, video, mobile, voice and home security. With multi-gigabit Internet speeds, powerful WiFi that reaches every corner of the home, and super-responsive connections with low lag available with its plan, customers have a great experience using their connected devices to stream their favorite sports and entertainment content, video chat with coworkers and friends, learn from home or simply surf the web. Comcast Business to Power Butte & Colusa Counties Workforce For local businesses, Comcast Business offers a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of all sizes achieve their business goals. Industry analysts and associations have consistently recognized Comcast Business as a leader and innovator in flexible, scalable options as well as one of the fastest-growing providers of Ethernet services. ### About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Jon Koriel +1 925-325-2690 jon_koriel@comcast.com Company Website https://california.comcast.com/

January 14, 2025 09:15 AM Pacific Standard Time

K3 Holdings and Alpine LA Properties Providing Immediate Housing for Families Displaced by California Wildfires

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates are actively working to support families displaced by the catastrophic California wildfires. By designating units specifically for those who have lost their homes, both companies are demonstrating a deep commitment to immediate relief and long-term recovery. Families are already in the process of relocating into buildings owned and operated by the property management company. With 11 lives tragically lost already, more than 10,000 structures destroyed (5,300 in Palisades and 7,000 in Eaton), damages at more than $100 billion, and residents still under evacuation orders, the scale of this disaster demands unified action. K3 Holdings and Alpine LA Properties have stepped up by offering vacant units to provide temporary housing for affected individuals and families. K3 and Alpine property managers are coordinating with local relief organizations to match available units with those in need, ensuring that victims of the wildfires have a secure place to stay as they begin to rebuild their lives. Families are already moving into K3 and Alpine buildings. To recommend someone who was displaced by the wildfire, or to get in touch with the property managers, please email leasing@alpinelaproperties.com. "These wildfires don’t just burn landscapes—they disrupt lives and tear through the fabric of our communities," said Michael Kadisha, a Principal of K3 Holdings. "The families forced to evacuate and the first responders fighting these fires are our neighbors, friends, and colleagues. Now more than ever, we must come together to support, rebuild, and heal." The efforts to provide temporary housing in K3 Holdings and Alpine LA Properties units are designed to ease the transition for those displaced residents by the wildfires. The property managers are dedicated to ensuring that those impacted can begin rebuilding their lives with dignity and comfort in safe and secure homes. The devastating loss of homes highlights the critical need for safe and affordable housing. Losing a home means losing safety, comfort, and stability—elements vital to personal and community resilience. K3 Holdings and Alpine LA Properties remain dedicated to advancing resilient, affordable housing initiatives that safeguard communities against future challenges. "When disaster strikes, the need for secure and sustainable housing becomes painfully clear," said Nathan Kadisha, a K3 Holdings Principal. "Our companies are committed to supporting solutions that prioritize community well-being and long-term recovery." Grassroots organizations are mobilizing relief efforts across California, and we can all make a meaningful impact. Relief efforts depend heavily on volunteer support. Assistance at evacuation centers, distribution of supplies, and meal preparation are just a few ways to help. Nonprofits are actively providing aid to displaced families. Monetary donations and in-kind support are vital to sustaining these efforts. In response to the ongoing wildfire crisis, K3 Holdings has also made a corporate gift on behalf of its K3 Tenants and Alpine residents to support the heroic efforts of the Los Angeles Fire Department (LAFD). Recognizing the critical need for additional resources to combat these devastating fires, the company is calling on the community to join in by supporting the Los Angeles Fire Department Foundation. The LAFD Foundation plays a vital role in equipping firefighters with life-saving tools and resources that are not funded by the city budget. The foundation is currently seeking monetary donations to provide essential gear, including emergency fire shelters, hydration backpacks, and wildland brush tools—all crucial items that help protect both firefighters and the communities they serve. The entire K3 Holdings and Alpine LA Properties families express their deepest gratitude to the firefighters, volunteers, and everyone lending a hand in this critical time. "The California wildfires are a reminder of life’s fragility and the strength of human connection," Michael Kadisha continued "Let’s stand together, support one another, and work toward a future where safe, affordable housing is a reality for all." About K3 Holdings and Alpine LA Properties K3 Holdings and Alpine LA Properties are committed to creating strong, vibrant communities through thoughtful property management and a focus on fostering neighborly connections. By hosting community events and providing quality living spaces, we strive to make our neighborhoods places where residents feel a sense of pride and belonging. ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

January 11, 2025 09:00 AM Eastern Standard Time

Mariner Acquires Cardinal Investment Advisors, Adds $292 Billion in Assets Under Advisement

Mariner

Mariner, a leading national financial services firm, today announced the acquisition of Cardinal Investment Advisors in a deal that adds $292 billion in assets under advisement and about 40 employees to its Mariner Institutional practice. This acquisition marks a significant milestone in Mariner’s 2025 strategic national expansion plan, strengthening its ability to meet increasing client demand and will bring its total assets under advisement to approximately $550 billion in the first quarter of 2025. “This acquisition kickstarts a year that will be filled with growth, innovation, and a relentless pursuit of providing the best client-focused financial services,” said Marty Bicknell, CEO and president of Mariner. “Today marks a defining chapter for Mariner in becoming the premier partner for institutional consulting services. In pairing Cardinal’s expertise with Mariner’s resources, we’re equipped to set a new standard in the industry for tailored, innovative solutions that meet the evolving challenges faced by today’s institutional clients.” Cardinal Investment Advisors, which has offices in Chicago and St. Louis, has delivered investment consulting services since 2001 and will become the insurance advisory practice within Mariner Institutional. Cardinal’s nationwide client base is focused on insurance companies as well as corporate retirement plans, healthcare systems, foundations and endowments. Cardinal’s customized approach to investment consulting is designed to meet each organization’s unique liability profile. Cardinal has been recognized as one of the best places to work in money management for 10 consecutive years, reflecting its commitment to fostering a positive and productive workplace culture. “Joining Mariner Institutional will enable the combined team to deepen the impact we have with our clients and expand our reach,” said Marc Tourville, CFA, president of Cardinal Investment Advisors. “This partnership leverages Mariner Institutional’s deep resources and leadership team, allowing our advisors to better serve our clients and bring our expertise to more organizations in need of customized investment strategies. Together, we will address the unique challenges facing institutional investors and deliver the innovative, reliable solutions they need to achieve their goals.” The acquisition directly addresses the increasing demand for institutional consulting services, driven by market complexities and the need for tailored investment solutions. “This partnership is about shaping the future of institutional consulting services while staying true to our client-first ethos,” said National Managing Director Mike Welker, who leads Mariner Institutional. “By bringing Cardinal’s experienced capabilities and talented team members into the fold, we’re not only enhancing our service offerings but also strengthening our position as a trusted partner to institutions around the country working to navigate the increasingly complex financial landscape.” The agreement was signed on Jan. 3, 2025. The Mariner and Cardinal integration will be complete by the end of March, resulting in a broader range of services going forward. Under a “One Mariner” strategy, client-facing advisors will be equipped to focus on client service and empowered to create customized solutions that align perfectly with each client’s needs. Mariner is a privately held national financial services firm equipped with the experience to meet your modern wealth needs. Our advisors have access to in-house expertise covering everything from tax, estate, trust, and insurance to investment banking and valuation, so they can maximize time spent creating unified wealth plans with clients. By opening more windows of wealth, we can create opportunities to positively impact the lives of many. With this purpose, we intend to raise the bar for the entire industry. Founded in 2006 with $300 million in assets under advisement, Mariner and its affiliates now advise on over $258 billion in assets as of 11/30/24. Learn more at www.mariner.com. Contact Details Remi Yuter mariner@hotpaperlantern.com Company Website https://www.mariner.com/

January 09, 2025 09:30 AM Eastern Standard Time

AmeriLife To Acquire Crump Life Insurance Services

Amerilife

AmeriLife Group, LLC (“AmeriLife”), a national organization that develops, markets, and distributes life and health insurance, annuities, and retirement planning solutions, announced today that it has entered into an agreement to acquire Crump Life Insurance Services and Hanleigh Management (collectively “Crump”) from TIH Insurance Holdings, LLC (“TIH”). Per the agreement, terms of the deal were not disclosed. "We are thrilled to welcome Crump into the AmeriLife family," said Scott R. Perry, chairman and CEO of AmeriLife. "Crump is a leading independent distributor of life insurance and this partnership aligns perfectly with our vision to provide enhanced Wealth solutions for our clients and partners. Crump's exceptional team and relentless dedication to customer satisfaction will further develop our capabilities in the marketplace. Together – through our shared culture and values – we will continue to redefine the standards of service and excellence in our industry.” "With the acquisition of Crump, we are continuing to transform how we approach Wealth distribution and deliver on our holistic commitment to agents, advisors, and leading financial professionals everywhere," added Mike Vietri, Chief Distribution Officer for AmeriLife Wealth Group. “Crump's breadth and depth of expertise, especially in the life insurance space, will enable us to deliver more comprehensive and integrated solutions and revolutionize how we help individuals and families protect and grow their wealth – no matter their stage of life.” Crump is one of the largest and most dynamic providers of life insurance and retirement products in the United States. Crump’s expertise spans the institutional/wholesale, IMO, and BGA sectors, and it partners with more than 31,000 financial professionals to deliver a range of holistic solutions including life, annuities, long term care, linked benefit, disability insurance, and other specialty offerings. “We are excited to join forces with AmeriLife,” said Mike Martini, CEO of Crump. “This highly complementary transaction marks a pivotal moment for our company and demonstrates our commitment to advancing our capabilities and services for our clients and partners. We look forward to leveraging AmeriLife's extensive network and deep resources to better serve the needs of our customers and to drive continued growth in the life insurance market.” As part of AmeriLife Wealth Group’s fast-growing and innovative distribution platform, Crump joins a distinguished network of affiliated companies who are working together to transform Wealth distribution and sustain the next generation of firms and their financial professionals. Crump will also gain access to new tools and expanded resources required to hone its already best-in-class capabilities and build upon its more than 100 years of success to deliver better, more secure futures for retirees. Piper Sandler & Co. and Truist Securities are acting as financial advisors and Simpson Thatcher & Bartlett LLP served as legal counsel to Crump and TIH in connection with the transaction, which is expected to close in the first quarter of 2025, subject to customary closing conditions. Kirkland & Ellis served as legal counsel and Paul Weiss served as financing legal counsel to AmeriLife. ### About Crump Life Insurance Services Crump Life Insurance Services is a leading third-party distributor and service provider of insurance and retirement products. Using a holistic approach to insurance planning, Crump distributes a diverse array of insurance products to more than 31,000 financial professionals. With the industry's premier sales and back-office support and technology services, Crump places $13B in annual premiums of life insurance, annuities, long term care, linked benefits, disability, and health products, equaling more than 145,000 insurance policies and $100B in life insurance protection annually. Crump markets under the following brands: Crump, Truist Life Insurance Services, and Tellus. Learn more at Crump.com About TIH Insurance Holdings TIH Insurance Holdings, LLC, headquartered in Charlotte, N.C., is a leading Property and Casualty wholesale brokerage and MGA platform. TIH operates over 100 offices with more than 6,500 employees through its specialty wholesale and underwriting insurance businesses. To learn more, visit www.tihinsurance.com. About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. AmeriLife develops, markets and distributes life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a national distribution network of over 300,000 agents and financial professionals and more than 160 marketing organizations and insurance agencies. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media - AmeriLife Jeff Maldonado media@amerilife.com Media - Crump Life Insurance Services Jessica Marshall jmarshall@crcgroup.com Partnership Inquiries Alex Hyer corporatedevelopment@amerilife.com Company Website https://amerilife.com

January 06, 2025 10:00 AM Eastern Standard Time

House Passes $196 Billion Social Security Bill: Will Repealing Pension Reductions Shorten The Program’s Lifespan?

Benzinga

By Kaili Killpack, Benzinga On Nov. 12, the U.S. House of Representatives passed the Social Security Fairness Act, a bipartisan bill set in motion to eliminate two long-standing provisions that currently reduce Social Security benefits for public sector employees. The legislation was first introduced in 2023 and will now head to the Senate, where it has strong bipartisan support. If passed, it is estimated to cost $196 billion over the next decade. Critics worry that enacting this bill could further exacerbate Social Security’s funding challenges. Don’t Miss: The number of ‘401(k)’ Millionaires is up 43% from last year — Here are three ways to join the club. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. What Does the Social Security Fairness Act Do? The bill addresses two key provisions – added to the Social Security Act in 1983 – that affect public sector workers: The Windfall Elimination Provision (WEP): This rule reduces Social Security benefits for individuals who receive pensions from jobs where they didn’t pay Social Security taxes, like certain state and local government positions. According to the Congressional Research Service, about 2.1 million people are affected by this provision. The Government Pension Offset (GPO): The GPO reduces Social Security benefits for spouses, widows and widowers who receive government pensions. About 745,000 individuals currently receive reduced benefits under this provision. Those in support of repealing these rules argue that they unfairly penalize retired teachers, police officers, firefighters and other public servants, many of whom heavily rely on their Social Security and pension benefits for their income. Supporters Praise the Bill Proponents of the bill see it as a victory for equity. Representative Garret Graves (R-La.), a coleader of the bill, stated on the House floor, “This has been 40 years of treating people differently, discriminating against a certain set of workers.” The National Committee to Preserve Social Security and Medicare called the House vote a "bipartisan victory" for public employees and their families. See Also: ‘Scrolling to UBI’: Deloitte’s #1 fastest-growing software company allows users to earn money on their phones – invest today with $1,000 for just $0.25/share Concerns About Social Security’s Future While the bill aims to address disparities among a demographic affected for over 40 years, critics are concerned that enacting it could further strain Social Security’s already depleting finances. The Congressional Budget Office estimates the bill would add $196 billion to deficits over the next 10 years and bring the trust fund depletion date forward by six months. Social Security funds are expected to run out at their current rate in 2033, meaning that beneficiaries would receive about 79% of their benefits. Some lawmakers, like Rep. John Larson (D-Conn.), argue that, while reform is necessary, it needs to be handled differently. “I could not vote for the bills on the floor tonight because they are not paid for and therefore put Americans’ hard-earned benefits at risk,” Larson said. “It would hurt most deeply the five million of our fellow Americans who receive below poverty checks and almost half of all Social Security recipients who rely on their earned benefits for the majority of their income.” Trending: 'Which Bucket Do I Draw From First?' Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts Instead, Larson proposed an alternative proposal: the Social Security 2100 Act. This would also repeal the WEP and GPO and include additional measures to increase revenues, like raising payroll taxes for higher earners. Policy experts also express their concerns. Romina Boccia, director of budget and entitlement policy at the Cato Institute, criticized the bill, stating the policy is wrong and needs broader changes. “We should reform Social Security so that it provides basic income security to the most vulnerable Americans in old age without adding to the debt or tax burden that younger workers face,” Boccia said. What Happens Next? The Social Security Fairness Act has already garnered enough Senate cosponsors to pass if brought to the floor for a vote. If signed into law, repealing the WEP and GPO would apply to benefits starting in 2024, significantly changing the benefits for the affected retirees and leaving unresolved questions about the program’s long-term solvency. Read Next: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market. Deloitte’s fastest-growing software company partners with Amazon, Walmart & Target – You can still get 4,000 of its pre-IPO shares for just $1,000 Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Benzinga may earn a commission from the partners associated with this article. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 06, 2025 08:50 AM Eastern Standard Time

SAL Accounting Announces Expertise in Resolving Cross-Border Tax Challenges for Toronto Residents

Rev Up Marketers

SAL Accounting, a leading provider of cross-border tax solutions in Toronto and Mississauga, is helping residents navigate the complexities of U.S.-Canada taxation with specialized expertise. As cross-border tax errors continue to pose significant financial risks, SAL Accounting offers tailored services to ensure compliance and optimize financial outcomes for individuals and businesses. Addressing Common Cross-Border Tax Mistakes Cross-border taxation requires compliance with the tax regulations of both Canada and the United States. Many Toronto residents, including dual citizens, expatriates, and entrepreneurs, face challenges such as double taxation, missed deductions, and severe penalties due to common filing mistakes. SAL Accounting highlights the following frequent errors: Failure to File Mandatory Tax Forms: Missing forms like the T1135 for foreign income or assets over CAD $100,000 can result in fines of up to $2,500. Neglecting Foreign Tax Credits: Many fail to claim credits for taxes paid in the U.S., leading to double taxation. Misreporting Global Income: Incorrect reporting of worldwide income can trigger audits and penalties. Overlooking Tax Treaty Benefits: The Canada-U.S. tax treaty offers provisions to reduce withholding taxes and exempt specific income categories, which are often underutilized. Inaccurate Currency Conversions: Using outdated exchange rates for U.S. income creates discrepancies in filings. Expert Solutions for Cross-Border Tax Compliance SAL Accounting’s team of specialized cross-border tax accountants ensures clients meet compliance standards for both the Canada Revenue Agency (CRA) and the Internal Revenue Service (IRS). Their expertise helps identify opportunities to reduce tax liabilities while adhering to the complexities of dual-jurisdiction regulations. Cross-border taxation can be overwhelming for individuals and businesses,” said Salman Salat, founder of SAL Accounting. “Our team is dedicated to simplifying the process, ensuring compliance, and maximizing financial outcomes for our clients. About SAL Accounting SAL Accounting, based in Toronto and Mississauga, specializes in cross-border tax compliance and financial optimization. With extensive knowledge of U.S. and Canadian tax laws, SAL Accounting delivers accurate filings and strategic advice for individuals and businesses with cross-border financial interests. For more information, visit http://salaccounting.ca. Contact Details SAL Accounting Salman Salat Tax@salaccounting.ca Company Website http://salaccounting.ca/

January 02, 2025 05:45 AM Eastern Standard Time

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