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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 […]
New research from Massachusetts Mutual Life Insurance Company (MassMutual) finds that Latino workers claim to be knowledgeable about their employer-provided benefits—yet they find it difficult to select their benefits. Additionally, learning more about their finances is perceived by Latinos to be too complicated, confusing, and time-intensive.\
It’s a sobering realization, says attorney Kara Shea, that DOL statistics show 73 percent of its investigations result in findings of violations, but you can push the odds in your favor. Shea, who is a member of Nashville-based law firm Miller & Martin PLLC, made her remarks at BLR’s Advanced Employment Issues Symposium, held recently […]
President Trump has signed another Executive Order (EO) banning “racially discriminatory DEI activities.” Contractors will be required to acknowledge compliance with multiple obligations, including potential access to books, records, and accounts, as well as for oversight of their subcontractors. The new EO further defines “racially discriminatory DEI activities” and “program participation.” Based on the newly […]
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 […]
by Joanna R. Vilos President Barack Obama today nominated Elena Kagan to replace Justice John Paul Stevens on the U.S. Supreme Court. Stevens has a reputation for making employee-friendly decisions in cases that have reached the high court, but most employers don’t have much familiarity with Kagan or her views on employment-related issues. So how […]
The U.S. Supreme Court’s landmark ruling on June 28 to uphold nearly all provisions of President Obama’s health-reform law removes any excuse for employers to drag their feet implementing reform-driven changes to their health plans. Uncertainty on whether the law still would be binding on plans was hindering implementation, many sources say, but with the […]
In Illinois, employees soon will be able to use their sick days to care for family members.
When a self-insured health plan adopts value-based purchasing and insurance design, its goal is to persuade workers to adopt a healthy lifestyle and go to the best performing providers. That’s how plan savings occur, by catching cases before they become acute care cases that harm a self-insured health plan. Self-insured health plans that want to […]
Recent court rulings have emphasized the importance of having an easy and reliable procedure for reporting sexual harassment incidents. In fact, in many cases, the terms of your sexual harassment policy can make the difference between avoiding liability-or paying huge damages. But in an evolving aspect of the law, a surprising new federal appeals court […]