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110-Year-Old’s VA Pension Increases

By Kyle Emshwiller A 110-year-old woman had been receiving a $36 monthly pension for her husband’s military service. Her husband, a WWI veteran, had died in the 1970s. The woman’s son told NBC News that he applied for a higher veteran survivor benefit amount in 2008. Earlier this year, with the help of a state […]

News Notes: New IRS Rules Make Retirement Plan More Employer Friendly

Rigid administrative requirements make many employers hesitate to participate in so-called 401(k) safe-harbor plans. But these programs can prove valuable because they permit you to avoid costly discrimination testing requirements by following a specific formula for contributions. Now the IRS has issued new rules that add some flexibility. Significant changes include revising the way matching […]

Are College Alums Displacing High School Grads in the Workforce?

One-third of hiring managers and HR professionals said they are hiring more employees with college degrees for positions that were historically held by high school graduates, according to a recent CareerBuilder® survey. This hiring trend varies across industries: Financial Services—53 percent Healthcare—40 percent Manufacturing—38 percent Transportation & Utilities—37 percent Information Technology—33 percent Professional & Business […]

EEOC Discrimination Charges Set Records in 2009

According to an Equal Employment Opportunity Commission (EEOC) announcement yesterday, 93,277 workplace discrimination charges, the second highest level of charges ever filed with the agency, were filed in 2009. Additionally, the EEOC obtained over $376 million in monetary relief for discrimination victims in 2009. The EEOC received a record high number of private-sector charges alleging […]

Will Stress Cause the American Workplace to ‘Snap’? Can Flexibility Save Us?

BLR CEO and Founder Bob Brady returns from a work-life conference with work/life balance flexibility as an antidote to stress, and a reminder to not forget the person who must make that flexibility work. Are things “about to snap” in the American workplace? Are we reaching a “tipping point” at which stress-related trauma is going […]

News Notes: Hastily Drawn Settlement Agreement Amounts To Expensive Mistake

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 […]

Deferral Rates Beat Asset Allocation, Fund Choice for Retirement Goals

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 […]

House Passes Equal Pay Bills

The U.S. House of Representatives has approved two pieces of legislation that proponents say will boost protections against gender discrimination in compensation. The first, the Lilly Ledbetter Fair Pay Act of 2009, would amend the Civil Rights Act of 1964 to declare that an unlawful employment practice occurs when (1) a discriminatory compensation decision or […]

Is AI Recruiting Discrimination Inevitable?

In yesterday’s post, we discussed the idea that using artificial intelligence (AI) or big data in the recruiting process doesn’t eliminate problems with discrimination and bias. Perhaps counter-intuitively, these methods can actually emphasize bias if we’re not careful because the machine doesn’t know any better. It can only assess the (often imperfect) traits it is told to […]