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Yesterday we discussed the importance of a solid, year-round communications plan for discussing health benefits with employees. Today let’s dig deeper and explore what to do when introducing an entirely new benefit, such as a health savings account (HSA).
Employers and plan administrators will be better able to administer plan loans and meet the prohibited transaction exemption, since the IRS has given them a clearer picture of what constitutes a “reasonable rate of interest.” The IRS has provided this assistance in guidance it published in the Winter 2012 edition of its “Retirement News for […]
by Burton J. Fishman Sears recently reached a $6.2 million settlement with the Equal Employment Opportunity Commission (EEOC) regarding Americans with Disabilities Act (ADA) violations stemming from the company’s alleged refusal to return injured workers to the job. This is the largest ADA settlement in a single lawsuit in EEOC history. More aggressive enforcement has […]
Too often, there is a back and forth between the business community and the educational system over who bears the responsibility of the training of the next generation of the nation’s workforce.
The U.S. Department of Labor (DOL) is proposing a rule change that would expand minimum wage and overtime protections for many employees in the home-care industry. A statement from the White House on December 15 said that if implemented, the proposed rule would affect nearly two million workers who provide in-home care services for the […]
Almost one-third (31 percent) of U.S. employees are concerned about losing data at work, but many engage in activities that put company files at risk anyway. And more than one-third of those surveyed at companies with 101 to 500 employees admitted to engaging in risky behaviors when it comes to company data, according to […]
Many plan sponsors are still having a hard time improving the funding status of their plans, according to indexes measuring the December funding levels of U.S. corporate pension plans. Statistics show plans’ funding rose slightly from November 2012 to December 2012, keeping the month’s funded ratios above the lowest monthly figures for 2012; however, they […]
An employee’s duties can be more important that her job title when it comes to equal pay claims, a recent settlement agreement illustrates.
by Derek Knoechel Sophisticated employers in Canada recognize that the potential costs associated with employee turnover extend far beyond the cost of replacing departing employees. Departures can also place critical business assets at risk. A departing employee may engage in the unauthorized use or disclosure of confidential information ranging from technological know-how, product roadmaps and […]