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retirement

DOL: Lifetime Income Can Be Part of Prudent QDIA

by Jane Meacham, Contributing Editor The U.S. Department of Labor (DOL), in late December 2016, issued an information letter that indicated employer plan sponsors are entitled to use lifetime income products as a part of a prudent qualified default investment alternative (QDIA), even if the products contain certain liquidity and transferability restrictions.

Does Temporary Layoff Result in Right to Severance Pay?

By Derek Knoechel In early 2008, the owner of a dental practice, having recently purchased the business, faced some difficult choices. Given what appeared to be a temporary downturn in revenues, the owners decided on a temporary layoff. While permitted by employment standards laws, the employer in the recent case of Besse v. Dr. A.S. […]

Can a Sense of Humor Win over a Hiring Manager? Survey Says, ‘Yes’

What makes you want to hire a job applicant? A new study looked beyond the typical attributes, like background, certifications, etc., and found that a sense of humor, an eye for fashion, or even knowledge of pop culture can influence a hiring manager’s decision. The nationwide CareerBuilder study asked employers if they had two equally […]