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Defined benefit retirement plan

‘Outdated’ Mortality Tables a Growing Source of Litigation Exposure for Defined Benefit Pensions, Attorneys Warn

Recent lawsuits alleging the use of “outdated” mortality tables when calculating benefits payable in annuity distributions or at early retirement could be part of a new trend that poses a threat to defined benefit (DB) plans, according to one law firm’s employee benefits practice.

Smart Compensation Model Design Can Nurture Innovation

Innovation drives productivity and opens up new opportunities. The most innovative companies, from Apple® to Zappos, are also the most successful. But innovation requires flexibility, a willingness to change, and a good tolerance for risk—three things that aren’t always part of compensation management.

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The importance of showing up

I was watching a movie recently in which the lead character was up for a prestigious award. While she was visiting an elderly shut-in, the subject of the award came up. The shut-in confidently stated that the woman deserved to win the award. But the nominee wasn’t certain she was worthy of such recognition, so […]

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Contingent Work Is a Great Way to Reenter the Workforce

Taking time off from a career can create a hurdle for the majority of employees. With 76% of U.S. workers between the ages of 24 and 38 expecting long-term career gaps, a reentry path into the workforce is needed, and contingent work may be the best bet.

What Is the PCORI; How Does It Affect Employers?

PCORI stands for the Patient-Centered Outcomes Research Institute. This institute came about as part of legislative healthcare reform: the Affordable Care Act (ACA). PCORI fees that were part of this legislation are intended to fund the institute for a set time frame. According to a Society for Human Resource Management (SHRM) article on the topic: […]

Alternatives to W-2 and 1099

In several recent posts, we’ve been discussing the distinctions between two worker classifications: independent contractors who are issued 1099s by the companies they work for; and traditional employees who are issued W-2s.

5 Critical Components Every Job Description Must Contain

The California Employment Law Letter (CELL) is written by Mark I. Schickman, and Cathleen S. Yonahara, both attorneys at the law firm of Freeland Cooper & Foreman LLP. In San Francisco. A job description need not account for every task that might ever be done, says the CELL. Here are the most critical components of […]

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War Rooms and Project Management

In the world of project management, there are often times when fast, focused, efficient, coordinated action is required by a team. That team may not always work together and may have other responsibilities; however, for a given task and a given period of time, it’s in the best interests of the organization to prioritize a […]