LINQS+, a proven strategy since 2011, continues to be the most efficient and cost effective methodology to recruit and retain top talent. Companies are able to deliver lifetime benefits to participants with a fixed expense that can be up to 45% less when compared to traditional plan designs. This simple, turnkey solution continues to be the go to strategy for companies that find themselves in a competitive talent retention or acquisition situation.
Lifetime Income NonQualified Solutions (LINQS+)
LINQS+ delivers executive, director, and shareholder benefits:
- Enhances defined benefit SERPS
- Lifetime benefit to executives
- Cost saving to the bank and shareholders
- Final benefit is not contingent upon investment performance
Supplemental Executive Retirement Plans (SERPS) remain an integral part of executive benefits within the banking industry.
However, with the longevity of life expected to increase in the coming decades, traditional, period certain SERPS have become antiquated.