Practical HR Tips, News & Advice. Updated Daily.
Starting 2012, savers can sock away $17,000 per year in a 401(k) retirement plan without paying upfront taxes, up from $16,500 in 2010. This increase applies to all 401(k) and 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan. The last time the IRS raised this elective deferral (contribution) limit was in […]
The U.S. Department of Labor on April 14 previewed proposed changes to the 40-year-old definition of “fiduciary” that the agency says will increase consumer protection for those seeking advice on retirement investments and 401(k) rollovers. The long-awaited changes will include a new contract for broker-dealers to sign that pledges they will “formally commit to their […]
A relatively new form of insurance, employment practices liability insurance (EPLI) became popular in the 1990s after the 1991 Civil Rights Act amendments increased the frequency of discrimination claims in the workplace. EPLI typically covers defense costs, judgments and settlements of employment issues ranging from sexual harassment to wrongful termination. While many employers do not […]
As temperatures rise across California, Cal/OSHA is stepping up enforcement of heat illness prevention requirements at outdoor worksites across the state. The agency targets employers who evade the law, which protects employees from heat-related illness. Enforcement efforts include statewide traveling “heat sweeps.” These are local district actions launched when temperatures soar and workers are at […]
The Pension Benefit Guaranty Corporation (PBGC) recently released a study of revenues needed for PBGC to continue to protect participants in multiemployer plans that are likely to run out of money—and the news isn’t good.
U.S. Citizenship and Immigration Services (USCIS) has announced that it has received a sufficient number of petitions to reach H-2B cap of 33,000 H-2B workers for the first six months of fiscal year 2007 (FY 2007). The H-2B visa program allows U.S. employers to request foreign workers to fill a one-time, peak load, intermittent, or […]
A federal appeals court agreed with a retirement plan plaintiff that he did not have to show “actual harm” to seek a retirement plan reformation after alleged inadequate communication about a change in his former employer’s defined benefit plan. The 2nd U.S. Circuit Court of Appeals sided with Geoffrey Osberg and other plaintiffs in Osberg […]
Tackling the issue of workforce productivity can be intimidating, especially when one considers its critical importance to succeeding in today’s marketplace. Improving workforce productivity is near the top of every organization’s "To-Do List", but a surprisingly low percentage of companies feel confident that they are performing well in their workforce optimization efforts.
Last year, the U.S. Equal Employment Opportunity Commission received over 27,000 race discrimination complaints, a good indication that employers should be paying closer attention to how they can avoid race bias disputes in their own workplaces. Here are some practical tips you can use:
Employers that sponsor health plans are bracing themselves for a significant tax hit under health reform. Health reform’s transitional reinsurance program, which will require insurers and self-funded plans to pay billions of dollars to partly reimburse commercial insurers writing individual policies for patients with very high medical costs, imposes large costs on employers to further […]