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Retirement Plans: Major Changes to the 403(b) Rules; How to Prepare

Section 403(b) of the Internal Revenue Code is undergoing its most significant changes in decades. The IRS has issued final regulations for retirement plans governed by Section 403(b) and maintained by nonprofit and tax-exempt organizations and public schools for their employees’ benefit. The plans may be funded through annuity contracts issued by an insurance company, […]

News Notes: Pension Reform May Be Coming; IRA Payroll Deductions Urged

Several bills pending in Congress could impact your pension plans. HR 1102 would increase the amount workers can contribute to 401(k) accounts and require faster vesting of matching employer contributions. It would also introduce new Roth 401(k)s and 403(b)s, allowing employees to contribute after-tax dollars but receive tax-free retirement benefits. Another measure, S 659, would […]

Health Reform Means Different Things for FSAs and HSAs

There is some persistent confusion over what the implementation of the health reform law means for health flexible spending accounts and health savings accounts. The short answer is that with one exception, employers and plan administrators must follow different steps for health FSAs and HSAs. Understanding these steps is crucial, because the time to prepare […]

FLSA’s Emergency Exemption May Apply to Some Boston Employees

Emergency situations — such as the April 15 explosions during the Boston Marathon — can result in employees performing multiple job duties. For example, a store manager may have spent time cleaning up glass and debris in and around the store. This type of work does not normally qualify as the manager’s duty; however, the […]

Wellness Keys—Dial-in Diabetes? Mind, Body, and Soul Cooking?

As the Principal Financial Group® was conducting its wellness survey (see yesterday’s Advisor), Cornell University was conducting a wellness survey of its own—and demonstrating the importance of assessing needs before implementing. The responses of the 1,400 people who completed Cornell’s survey gave its wellness program clear indicators of where to focus its efforts. It also […]

Can tribunal rule on harassment complaint if alleged harasser works for different employer?

by Lorene Novakowski The British Columbia Human Rights Tribunal had no jurisdiction to hear a complaint where the alleged harasser was employed by a different employer than the alleged victim. The alleged harasser was not in a position of control over the complainant even though they worked at the same site. So the complaint was […]

Exempt Employees: New Case Looks At Administrative Exemption From Overtime

Misclassifying an employee as exempt from overtime can cost employers potentially huge payouts of past overtime. Last year alone, the federal Department of Labor ordered employers to pay $134 million in back wages to misclassified employees. And that doesn’t count court judgments. Now a new Ninth Circuit Court of Appeals decision may cause you to […]

Americans with Disabilities Act: EEOC Updates Reasonable Accommodation Enforcement Guidance; What You Should Know Now

The federal Equal Employment Opportunity Commission has updated its enforcement guidance concerning reasonable accommodation and undue hardship under the Americans with Disabilities Act. The revisions stem from a recent U.S. Supreme Court ruling that it is unreasonable for an employer to have to reassign a disabled employee if doing so would violate a seniority system, […]