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Live Generously: Being in Business to Help Others

While he was in Birmingham, Alabama, visiting his daughter at college, business and leadership blogger Dan Oswald saw a local newspaper with the headline “Live Generously: How three Gardendale teenagers hope to change lives with new business.” Oswald, CEO of BLR, shared his thoughts about the article in a recent edition of The Oswald Letter: […]

Congress Passes New Limits on Predispute Employment Agreements

In the wake of the #MeToo movement, Congress has enacted legislation to assist people who pursue individual and class-action lawsuits in their ability to litigate disputes of sexual assault and sexual harassment. After President Biden signed the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021 into law, Congress passed the Speak […]

You’re Disciplining Me? Well, I’ve Been Having this Chronic Pain …

In Yesterday’s Advisor, Steven T. Collis, an editor of the Colorado Employment Law Letter, presented the first two of five steps to reduce your risk of a lawsuit when an employee blindsides you with previously undisclosed information (e.g., a medical condition or new complaint of harassment) during a disciplinary meeting. Today, Collis provides the three […]

Expert Explains Five Issues Raised by IRS’ Guidance on Lifetime Annuity Contracts

In this post, we reported on new IRS proposed rules on purchasing qualified lifetime annuity contracts (QLACs) under certain retirement plans. Recently in his blog, an industry expert provided more details on the guidance’s significance. In his blog the Business of Benefits, Attorney Robert Toth Jr., explains how: With just a relatively short regulation and […]

Exempt Employees: Following Federal Salary Docking Rules Can Cause Problems for California Employers

To be exempt from overtime, an employee must, among other requirements, be paid a predetermined minimum salary, currently at least $2,340 a month, regardless of the quality or quantity of hours worked. However, both federal and California law permit you to dock an exempt employee’s salary under certain circumstances without losing the worker’s exempt status. […]

3 Ways to Close the Gender Leadership Gap

Yesterday’s Advisor featured survey results detailing the economic challenges of the gender leadership gap. Today we present some ideas on how to take action to address the situation.

Defined benefit retirement plan

PBGC Removes Change in Credit Quality as Possible Trigger for Early Warning Program Review

The Pension Benefit Guaranty Corporation (PBGC) in early May clarified guidance issued in late 2016 about its Early Warning Program (EWP), explaining that the program had not been expanded and such a review for an employer’s defined benefit (DB) retirement plan would not be triggered solely by a change in credit quality.