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Louisiana’s scaled-down pay law goes into effect August 1

by David Theard Louisiana’s Equal Pay for Women Act (EPWA), which applies only to public-sector employers, goes into effect August 1. The new law affirms that paying unequal wages to public employees on the basis of sex is discriminatory and violates public policy. The original bill would have covered both public- and private-sector employees, but […]

Will an Independent Fiduciary Help Plans Achieve Retirement Readiness?

A couple of phrases are making the rounds in retirement plan circles; perhaps you’ve heard them. They are “retirement readiness” and “independent fiduciary.” While they have different meanings, they are more connected than you may suspect. We spoke with Jason Chepenik of Chepenik Financial, who advises clients about their benefit programs and specializes in retirement […]

Reform Rule on Maximum Waiting Period Details Some 90 Day-plus Scenarios

Employer group health plans must eliminate waiting periods of more than 90 days before enrolling otherwise eligible employees (or dependents) into health coverage, under proposed rules issued on March 18 by the federal agencies implementing health reform. For Clear Full-time Hires, It’s 90 Days Group health plans and health insurers in the group plan setting […]

Healthcare Reform: What Factors Affect the Pay or Play Decision?

How can an employer make the decision whether or not to offer healthcare benefits versus paying the penalty for not doing so? This conundrum is referred to as “pay or play” when discussing the new healthcare reform law. However, the decision of whether or not to provide coverage is not simple and requires much more […]

Pepsi Pays $3M to Settle Race Case Based on Background Check Policy

By Jennifer Melton On January 11, 2012, Pepsi Beverages Company agreed to pay more than $3 million to resolve race discrimination claims filed in 2006 by more than 300 African American job applicants. The claims alleged that the company’s criminal background check policy (1) disproportionately excluded African Americans from employment with Pepsi and (2) violated […]

Kentucky: Foe’s ‘Aqua Buddha’ Ad Didn’t Hurt Paul

by Richard S. Cleary, Greenebaum Doll & McDonald PLLC Republican Rand Paul came from a dead heat in the polls three weeks ago to handily beat the Democratic state Attorney General Jack Conway in Tuesday’s election. Conway carried Louisville, Lexington, and a few pockets in eastern Kentucky, but he managed to carry little else in […]

DOL to Free Up Fee Disclosure Timetable

It seems the voice of the retirement plan community has been heard — the U.S. Department of Labor (DOL) is proposing extending the applicability dates of two controversial fee disclosure regulations. “Extending these dates will more closely align the application of the two rules and ensure that parties have sufficient time to comply with the […]

DOL Issues Final Rule Extending Fee Disclosure Timetable

It’s now official: The effective dates regarding fiduciary and participant fee disclosure regulations for retirement plans have been extended. The U.S. Department of Labor (DOL) has issued a final rule (which becomes effective July 15) providing that: Fiduciary-level Fee Disclosure Regulation: The effective date for the interim final rule is extended from July 16, 2011, […]

Training: We’ve Done Our Sexual Harassment Training; What Other Types of Harassment Training Do We Need?

We’ve gotten through the initial round of our required sexual harassment training. Whew! But I want to expand it to include other types of harassment, such as religious harassment, disability harassment, and so on. Which elements do you recommend we include, and should we incorporate this training into the sexual harassment training, or do it […]