If you wish to set up an international retirement plan for your employees, please contact InterRetire.
Alternatively, InterRetire can provide a referral to professional advisors through out the world, familiar with the InterRetire Employer Retirement Plan.
An international InterRetire Employer Plan can be set up for one key senior international executive or for employers with a workforce in multiple countries.
Employee Benefit and Share Plans
Types of Incentives
International competition for quality employees together with a more mobile international labor force has led many employers to consider providing incentive schemes to key personnel as an integral part in recruiting, motivating and retaining their most talented employees
Employers can provide these incentives in a number of ways including:
- Employee Share Schemes
- Share Option Schemes
- Deferred Incentive Plans
- Retirement Plan
While an InterRetire incentive scheme can be established in a relatively efficient time frame, the planning may be complex requiring legal and professional advice, before an employer funds the Scheme.
InterRetire can provide referrals to international legal and other professionals on the set up of incentive schemes (enquiries@interretire.com)
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Use of Trusts
A trust is an arrangement where one person (the Trustee) is the legal owner of an asset, but it not the beneficial owner and is holding the asset to benefit others (the beneficiaries or members in the case of a retirement plan).
In the case of an Employee Benefit Trust (EBT, a trust is established by the employer for the benefit of employees, former employees, their spouses and dependents.
TopBenefits of Segregation
Assets acquired by Trustees are administered in a fiduciary capacity segregated from the trustee’s own assets and from those of other trusts. The assets are protected from the creditors of the trustee, the employer and until they vest, the employee.
The employer may choose to grant economic rights conferred by the shares but may restrict the exercise of voting rights conferred by the holding.
TopAdvantages of establishing an EBT
EBTs can be set up for a number of reasons:
- Encourage greater staff involvement through shared ownership
- To provide a means of separating non contractual benefits from contractual benefits
- Encourage staff to meet certain goals or targets and aid staff retention
- Provide a vehicle for a company to manage the granting of share awards or options
- Avoid problems associated with maintaining many individual shareholdings for employees
- For quoted companies, a way of enabling shares in the company to be acquired independently on the “ open “ market
- For unquoted companies it may be a means of creating an “internal market” for what would otherwise be an illiquid asset
- Makes ownership by employees of unquoted shares more meaningful if they can see a way of setting their holdings
Please contact InterRetire on enquires@interretire.com for more information or InterRetire can provide a referral to specialist international legal and other professionals providing advice on the set up of Employee Benefit and Share Plans.
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