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The Pension Benefit Guaranty Corporation (PBGC) is proposing to expand its existing Missing Participants Program to cover terminated 401(k) plans and most other defined contribution plans, as well as certain defined benefit plans that aren’t currently covered by the program.
Unless Congress acts soon, employees will once again have less to use for mass transit expenses under qualified transportation fringe benefit plans, and employers will once again have to lower the limits they allow under QTFBs at the end of the year. The mass transit component of QTFBs, which covers expenses incurred in commuting to […]
By Saul C. Glazer Wal-Mart Stores, Inc., has agreed to pay $11.7 million in back wages and compensatory damages, its share of employer taxes, and up to $250,000 in administration fees and will furnish other relief, including jobs, to settle a sex discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC). The settlement illustrates […]
Regional and state unemployment rates changed little from the previous month, reports the Bureau of Labor Statistics. The November 2010 data shows 22 states recording increased unemployment rates, while 15 report decreases, and 14 report no change. The jobless rate nationwide decreased by 0.2 percent between October and November. However, the current rate of 9.8% […]
Yesterday, we discussed some of the issues surrounding electronic recordkeeping. Today, some tips for storage success — plus a resource that can help you out with the records that are required to be on your walls.
IBM¹s recent announcement that it was converting from a traditional pension plan to a cash-balance plan triggered angry employee protests and age discrimination allegations. Now, government agencies and federal legislators are vowing to take a closer look at the impact cash-balance plans have on older workers. Unlike traditional pension plans in which workers earn most […]
The other day, a colleague sent me the results of a survey that says Americans would like to have Vince Lombardi or Oprah Winfrey as their coach. That got me thinking. It got me thinking about whom I would choose as my coach. Who should be in the running? What makes each an appealing choice? […]
by Mark Schickman The historic Democratic Party election sweep is apt to have a major effect on America’s employment and labor policy. The policies promulgated by the Obama White House will receive a favorable reception from both houses of Congress. Here are some of those policies. Free HR Hero White Paper: What’s Next? Seven Possible […]