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Defined benefit retirement plan

Almost a Third of Defined Benefit Plans Have 95% Funding, Making Buyouts, Risk Transfers ‘Feasible,’ Study Finds

Approximately 30% of U.S. defined benefit (DB) pension plans currently have a funded status of 95% or higher, making a full buyout or significant risk transfer transaction a “feasible option” for a growing number of plans since the start of the year, according to a recent analysis by RiskFirst, a financial technology company that works […]

California Minimum Wage: 2009 – Present

We get a fair number of questions about the minimum wage in California, so we felt it was worth a mention that it’s been $8 per hour since January 1, 2008 and remains there now. Don’t forget that some cities throughout the state impose their own, higher minimum wage rules (in San Francisco, for example, […]

Court Signs Off on $1 Million Settlement Resolving COBRA Class Action Case

A federal district court has approved a $1 million settlement agreement that, in the court’s words, “appears to be among the largest, if not the largest, average per person recovery in a certified class action asserting COBRA claims.” The settlement resolves a class action lawsuit alleging that an employer/plan administrator violated COBRA’s notice and premium […]

Strategic Education Support: How Employers Are Finding Win-Win Solutions 

The go-to career development efforts used by employers today are leadership training (71%) and sharing internal job postings (59%) according to LinkedIn Learning’s Workplace Learning Report 2025: and for good reason. Employees increasingly value both personal and professional training and development—and they’ll stay with employers that provide them with these opportunities.   It’s a win-win […]

Understanding the Cost of Hiring and Onboarding New Employees

Whether you’re filling a new position to help your company grow or replacing an employee who is leaving, you’re not just filling out a slot on an organization chart. You hope to find someone who can add to the strength and capability of your group—someone who is just right for the position you want to […]

Perceived Symbols of Wealth Will Quickly Derail Your Mediation

In yesterday’s Advisor, EEOC mediator Elizabeth Marcus offered “8 myths of mediation.” Today, more of her tips for making mediation work, plus an introduction to the all-things-HR-in-one-place website, HR.BLR.com. Marcus offered her tips on succeeding with mediation at a recent meeting of the Employers’ Counsel Network (ECN) in Springfield, Massachusetts. The Employers’ Counsel Network includes […]

arbitration

Will Player and Employee Empowerment Kill Arbitration Agreements?

Whether you follow sports or not, you have likely heard about the current state of professional sports, particularly the NBA, referred to as the era of “player empowerment.” And even if you aren’t familiar with this specific term, you likely know about the facts behind this trend. For example, last year, then-New Orleans Hornets superstar […]

AI and Job Security: Face Fears and Face Facts

During a recent round of labor negotiations, a union proposed the following language regarding artificial intelligence (AI): “Artificial Intelligence shall not be utilized in any manner that displaces, diminishes, or eliminates existing bargaining unit work. AI shall not replace, displace, or erode job classifications or duties currently performed by bargaining unit employees.” This proposal was […]

How to Create an Equity Structure That Balances Shareholder Returns and Employee Compensation

People are the heart of what makes a company great. And in a services firm, where people are your only product, that premise is only magnified. When people are engaged and invested in their work, cultures thrive, businesses grow, and economies prosper, but as the Great Resignation morphs into the Great Exhaustion, it can be […]