GBA works with Clients
to develop and provide international solutions for:
 | Employees transferred outside
their home country |
| us expatriates and inpatriates |
| TCN/Mobile employee programs
and admINISTRATION |
GBA
offers you the following areas of expertise to apply our
experience to make you and your company more productive and efficient in
handling your benefit challenges in moving employees around the world:
International
Transfer Policy and Issues
| Review current practice and any existing
transfer policy or policies.
|
| Assist in finalizing a single global policy,
which set flexible guidelines for transferring employees.
|
| Develop judicious and consistent approach for
transferee to adapt to new location.
|
| Identify pension and tax issues and proposed
alternative pension approaches.
|
| Specific Benefit Issues will include:
 | Coordination of “benefit salary” with compensation while on
assignment; |
| Risk Coverage -- Continuation of coverage, Pre‑existing Clauses,
and Difference in Conditions; |
| Retirement
-- Home Country Approach versus Host Country Approach versus Offshore Approach
(consider design; funding; taxation); and
|
| Social
Security – Use of reciprocity agreements and any tax provisions.
|
|
US
Expatriates and Inpatriates
US
expatriates are often kept in US social security and their company's US benefits
plans; however, in some cases the company's US medical provider will not allow
them to stay in the plan while resident overseas or the US HMO does not provide
any coverage. Many of our clients
are increasingly establishing a COBRA compliant global medical plan.
Third
Country National and Internationally Mobile Employees
Offshore
Retirement Plans
| Design and implementation of new program.
|
| Review and auditing of existing needs, current
design, and funding.
|
| Value actuarially value of benefits and total
liabilities (funded and un-funded).
|
| Recommend design revisions, actuarial assumption
changes, funding level needed.
|
| Review of book reserving internally or funding
offshore, which could include:
| Solicitation of insurance and/or trust fund quotations and
their analysis; and
|
| Development of creative new financing using various insurance vehicles.
|
|
Streamlining administration by:
Note:
GBA
is independent and can access all insurers in the world to get the best
coverage possible for its clients.
|
GLOBAL
BENEFIT ADVICE and SOLUTIONS
