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News Notes: Clinton Proposes Tax Credit For Pension Plans

President Clinton’s 1999 budget plan contains new proposals to encourage small businesses to establish pension plans for their employees. Under the plan, employers would receive limited tax credits for up to 50% of certain administrative and retirement education expenses associated with new pension, 401(k), or payroll deduction IRA plans.

Theft by Employees is Up

Poor economic conditions are contributing to a rise in workplace theft by employees, according to a new survey of 392 employers conducted by the Institute for Corporate Productivity. Twenty-four percent of all respondents and 31 percent of respondents at large companies (10,000 or more workers) reported an increase in theft of office supplies, products produced […]

News Flash: EEOC Focuses On Immigrant Workers’ Rights

The federal Equal Employment Opportunity Commission announced that two Maryland food processing plants will pay a total of $1 million to settle a sexual harassment suit on behalf of 22 female workers, all Central American immigrants. Male managers and co-workers allegedly groped the women and demanded sexual favors, and one woman was locked in a […]

Senate Rejects Boost in Federal Minimum Wage

Measures to raise the federal minimum wage to $6.25 per hour, up from the current $5.15 per hour, failed in the Senate last week. One measure, introduced by Senator Edward Kennedy (D-Mass) as an amendment to a spending bill, was rejected in a 51-47 vote, and a similar GOP-introduced bill went down in a 57-42 […]

DOL’s Fiscal Year 2013 Budget Request Grants Premium Authority to PBGC

The U.S. Department of Labor (DOL) released its budget request for the federal fiscal year (FY) 2013 on Feb. 13, as part of the budget proposal President Obama sent to Congress. The DOL budget request for FY 2013 is $12.0 billion, down from $12.6 billion for FY 2012. The department’s press release emphasized this reduction, […]

News Notes: Binding Arbitration Legislation Struck Down

In 2000, Sacramento lawmakers enacted SB 402, requiring counties and other local agencies to submit, under certain circumstances, to binding arbitration of economic issues that arise during negotiations with unions representing firefighters or law enforcement officers. Now the California Supreme Court has struck down the law, ruling that it interferes with state constitution provisions giving […]