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Record $240M ADA Award Likely to Be Reduced

The largest jury award ever for a U.S. Equal Employment Opportunity Commission suit must be reduced to meet a statutory cap, the commission noted May 10 in final court filings. A court will have the final say over whether the award will be reduced, however. A jury on May 2 awarded $240 million to 32 […]

An HR Bonus for Each Dropped EEOC Charge?

In yesterday’s CED, Hunter Lott of Please Sue Me fame offered his lawsuit avoidance tips. Today, his advice on legal exposure in 2011, plus an introduction to an upcoming event you won’t want to miss.   What percent of charges did the EEOC drop last year? Lott asks. More than 64 percent. “That’s us!” Lott […]

CMS on Premiums, Contributions for Small Employer Exchange Coverage

Small employers enrolling in coverage on Small Business Health Options Program exchanges need to decide what their employer contribution will be and whether to charge different employees different amounts based on their age. The Centers for Medicare and Medicaid Services gives them new health care reform guidance to help them mull over those questions in […]

Senate Hearing on Pay Equity May Discuss Paycheck Fairness Act

A Senate Health, Education, Labor, and Pension (HELP) Committee hearing on pay equity, scheduled for Thursday, March 11, may revive discussion of the stalled Paycheck Fairness Act. The Paycheck Fairness Act (S. 182; H.R. 11) was sponsored before the Senate in January 2009 by then-Senator Hillary Clinton and Representative Rosa DeLauro. Representative DeLauro will appear […]

Investment Fee Disclosures Leave Most Participants Unmoved

A “snapshot” survey conducted in October found the start of disclosure of fees from retirement plan service providers spurred little change in the behavior of either plan participants or sponsors. A total of 176 defined contribution plan sponsors responded to the Plan Sponsor Council of America’s survey, launched a few weeks after sponsors began disclosing […]

Private Sector Criticizes DOL Proposal to Let States Run Retirement Plans

The U.S. Department of Labor laid the groundwork for states to run ERISA-covered auto-enrollment individual retirement accounts and multi-employer retirement plans for people without workplace savings options, issuing proposed rules and an interpretive bulletin for that purpose. The so-called open MEPs give employers that don’t want to offer their own 401(k) plan a way to join with other companies […]

FTC, HHS Propose Rules, Seek Comments on Electronic Health Records

Does your organization offer or plan to offer employees online or electronic personal health records (PHRs)? Can employees enter their personal health information into online programs that help them evaluate and improve their health, such as weight loss applications? If you’ve answered yes or if your organization provides electronic PHR programs to others, you should […]

New QLACs Establish Foundation for DC Annuitization

By Robert Toth Jr.     Lifetime income for 401(k) plans have been getting a lot of press, driven in large part by efforts by the U.S. Departments of Labor and Treasury to find ways to promote retirement security. IRS took a substantial step in making these defined contribution lifetime income efforts become a reality […]