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News Flash: Limits On Retirement Benefits To Go Up

Employees will be able defer a maximum of $10,500 to their401(k) plans next year, rather than the $10,000 cap currently in effect, under newcost-of-living adjustments announced by the IRS that go into effect January 1. Inaddition, the maximum annual benefit that can be funded through a defined benefit planwill rise to $135,000 from $130,000, although […]

News Flash: Hearings On Overtime Exemption For Computer Professionals

The state legislature continues to consider a bill that wouldexempt professionals in the computer industry from overtime. As we went to press, theAssembly’s Appropriations Committee has a hearing set for June 28 on S.B. 88, whichalready passed the state Senate. The proposal would relieve computer-industry employersfrom having to pay overtime to hourly workers who earn […]

Judge Rejects Challenge to ACA Tax Credit, Shores Up Individual Mandate

On Jan. 15, the U.S. District Court for the District of Columbia held that the IRS can issue premium tax credits (under the Affordable Care Act) to individuals whether they enrolled for coverage through a federally or state-run health insurance exchange. The complaint was brought by three employers and four individuals, including Jacqueline Halbig, who […]

Week in Review—February 4 , 2011

Note to Readers: This newsletter appears daily, but we know some of you don’t always have the time to read it everyday. For your convenience, here’s a re-publication of what we covered this past week. Daily, weekly, or anything in between, we’re pleased to keep you informed with the latest tips, news, and advice on […]

Ruling supports firing pot smokers despite Colorado law

The Colorado Court of Appeals has upheld an employee’s firing for off-duty marijuana use, despite medical and recreational use of the drug being allowed under state law. A quadriplegic employee who used marijuana under the state’s medical marijuana amendment filed a lawsuit after he tested positive for drugs in violation of company policy and was […]

Declining Retirement Plans: Will There Be More Fiduciaries in the Future?

Plan sponsors who watched their retirement investments get buffeted by recent recessionary storms have had few ERISA remedies against broker dealers who led them to poor-performing funds. The sole recourse under ERISA for plan members was to sue the plan sponsor who relied on the advice, rather than against the professional financial expert who gave […]

News Notes: Commercial Driver Random Alcohol Testing Rules Revised

Under federal Department of Transportation rules, if you employone or more commercial drivers who operate certain types of vehicles, you must comply with detailed drug and alcohol testing, training and record keeping regulations. As of January 1, 1998, the percentage of drivers you’re obligated to randomly test for alcohol use has been lowered from 25% […]

News Notes: Cop’s Sexually Explicit Videos On Internet Amounted To Protected Speech

San Diego police officer John Roe claimed his free speech rights were violated when he was fired for selling sexually explicit videos of himself on the Internet. The Ninth Circuit explained that a public employee’s speech is protected and cannot be abridged without good cause when it touches on a matter of “public concern” rather […]