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EBSA’s Lifetime Income Illustration: Some Question DOL Formula

The day after the U.S. Department of Labor’s Employee Benefits Security Administration issued a proposal outlining rules it is considering for lifetime income illustrations in pension benefit statements, retirement industry professionals applauded DOL’s effort but expressed concern about how realistic the proposal’s formulas are. In the recently released advance notice of proposed rulemaking, EBSA is […]

Supreme Court Addresses Whether State Prevailing Wage Law Applies to Charter Cities

Yesterday, we looked at a recent case addressing the question of whether wage rates on public works projects are considered a “municipal affair” and not subject to California’s prevailing wage law. Today, the California Supreme Court’s ruling on the issue—plus a newly updated wage/hour resource specifically for California employers.

News Notes: Giants Sued Over Charges of Recruiter’s Harassment

The San Francisco Giants have been sued for sexual harassment by 13 baseball players who claim they were harassed by a scout in the Dominican Republic. The players alleged the scout demanded sex from them in exchange for keeping them on a Giants’ farm team, and when they refused, he terminated them. The players argued […]

The Clock is Ticking: Why Statutes of Limitations Matter

Many business disputes are effectively lost long before a lawsuit is ever filed. With only 24 hours in a day and constant operational demands competing for attention, business owners frequently postpone addressing emerging conflicts, often under the mistaken belief that “we can deal with it later.”  In reality, delay can be costly. By the time […]

Flex—’Nice-to-Have’ or Business Imperative?

“Flexibility is a business imperative,” says consultant Diane Burrus. It’s not “nice-to-have,” it’s a results-based business strategy.’ Her practical tips in today’s Advisor. At World at Work’s Total Rewards conference held recently in San Diego, sessions on flextime were eagerly attended. Burrus shared her tips for developing a flex program that supports the business while […]

RIFs: Preparing for the Unkindest Cut

As the economy stagnates, many employers who were hoping to avoid layoffs must now finally consider them. Today’s expert, attorney Michael Rosen, sorts out the key issues. Rosen, a labor and employment partner with the law firm Foley Hoag LLP in Boston, says that any reduction in force (RIF) must be carefully planned and executed […]

Rightsizing’s Near- and Long-Term Costs

Last month, we published a guest E-pinion by Maurizio Morselli in which he talked about HR’s role in curing “fiscal decadence disorder” and ensuring that reductions in force don’t cut any deeper than necessary. His column generated some interesting feedback, which we share today. I like the article on HR’s role in curing the Fiscal […]

Training and Development Survey—What’s New?

Training—it’s how you mold promising new hires and start creating your company’s future leaders. What’s happening with training and development in the real world? What are your competitors up to? Help us find out!

It’s PPA Restatement Time! … Wait, What’s That?

By Brandy Cross, Milliman Have you heard about PPA restatements but aren’t sure what’s required? Let’s start with some background on the process, and then describe steps that retirement plan sponsors should take to implement it. All plans that use a preapproved plan document must be restated before April 30, 2016. Failure to amend by this date will […]

Coloradans Reject Anti-Health Care Reform Initiative

By Tobie Hazard On Election Day, Colorado voters rejected Amendment 63, the Health Care Choice Act, which would have amended the Colorado Constitution to prohibit the state from requiring a person to obtain health care. The ballot initiative was intended to thwart President Barack Obama’s federal health care law signed last March, which requires almost […]