Practical HR Tips, News & Advice. Updated Daily.
Plan sponsors and participants both want to ensure better retirement savings but they often wonder which factor in the process matters most. A study from Putnam Institute suggests sticking with the obvious: The higher the deferral rate during an employee’s working life, the greater the long-term returns. Despite intense focus on fund performance in the […]
If you’re planning to close your doors for the holidays to help trim costs, and you want exempt employees to use up their accrued vacation during this period, you may want to review whether your plans comply with state wage and hour rules regarding exempt employees. A recent opinion letter from the state Division of […]
Orange-based Bergen Brunswig Corp. dashed off a settlement offer to its former president, Donald Roden, to resolve a wrongful-discharge lawsuit. Theoffer stated only that Roden would receive a $5 million lump sum plus attorney’s fees, and his retirement and other benefits would be continued. After Roden signed the agreement, Bergen Brunswig claimed it had intended for Roden’s […]
Each year we survey our readers to find out more about them – and let them find out more about each other. Most of you wear many hats and compared to previous years’ results a number of you appear to have added more in 2009. At the same time, many of you have fewer people […]
The Affordable Care Act (ACA) requires states to establish health insurance exchanges to provide individuals and small employers with access to affordable insurance coverage beginning January 1, 2014. States have the flexibility to design and operate exchanges that best meet their needs while complying with the ACA’s statutory and regulatory standards. A state that chooses […]
These new figures lower the benefits cost estimates, based in part on savings from last year’s reforms and AB 749. In other workers’ compensation reform news, Gov. Schwarzenegger continues to press the assembly for action by threatening a January ballot initiative to take the issue of workers’ comp reform to the voters.
The Pension Benefit Guaranty Corporation (PBGC) is reducing penalties for late payment of premiums in an effort to reduce regulatory costs and make it easier for plan sponsors to maintain traditional pension plans.
The administration doesn’t mind taking the occasional detour on its route to health reform implementation, it seems, perhaps because until the Supreme Court decides on the constitutionality of its “individual mandate” (oral arguments will be March 27), the fate of the law’s employer provisions has to be considered uncertain. Backpedaling also may be occurring with […]
Congress recently approved expanded benefits for retirement savings as part of President Bush’s massive tax cut bill. We’ll run down the major changes that will affect employers and employees.