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Employers Seeking Savings Can’t Afford Age Claims

The Equal Employment Opportunity Commission (EEOC) recently heard testimony on the particular effects the economic downturn has had on older workers, addressing the unfortunate possibility that the recession may be serving as a catalyst for some employers to engage in age discrimination. Recession Hits Older Workers During a mid-November EEOC meeting, several experts reported on […]

Early Retirement Program’s Launch Date Moved Up

A part of the massive health care reform law aimed at encouraging employers to offer health insurance to early retirees is set to launch June 1. Regulations for the Early Retirement Reinsurance Program were issued by the U.S. Department of Health and Human Services (HHS) on May 4. The program will provide $5 billion for […]

How Does Your 401(k) Stack Up?

By BLR Founder and CEO Bob Brady A lot of things have changed in the past year, causing priorities to shift and business practices to be reevaluated. Are you wondering how the situation at your organization compares with others in your industry? Last December, a survey conducted by WorldatWork and the American Benefits Council found […]

IRS Increases Standard Mileage Rate for Remainder of Year

In response to rising gasoline prices, the Internal Revenue Service has taken the step of boosting the optional standard mileage rate by eight cents, to 48.5 cents per mile, for the final four months of 2005 (effective from Sept. 1, 2005 through Dec. 31, 2005). This is the rate most businesses use to reimburse employees […]

You Can Have Your Cake and Eat It, Too (If You’re Creative)

By Todd Thomas Just My E-pinion In this era of tight finances, Todd Thomas suggests that a little creativity will allow you to maintain corporate charitable contributions and management training retreats on a zero-dollar budget. (You might have to buy lunch.) Most organizations are finding they have to cut back on “non-essentials” like charitable giving […]

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 […]