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Throughout 2016, newspapers and magazines documented Americans beset by financial concerns. “Evidently, Americans are having a difficult time with their finances. Whatever its cause, their financial insecurity and growing awareness of just how great their insecurity is—inability to cover even a $400 emergency—has created a level of financial stress that is impacting all areas of […]
The U.S. Department of Labor has announced a final rule requiring that plans, plan fiduciaries, and insurance providers comply with additional procedural protections when dealing with disability benefit claimants.
On January 4, U.S. Representative Mike Kelly (R-PA) introduced H.R. 173, the Middle Class Health Benefits Tax Repeal Act of 2017. The bill seeks to repeal the so-called “Cadillac Tax” provision within the Affordable Care Act (ACA). The provision, which is currently slated to go into effect January 1, 2020, would impose a 40% excise […]
by Mary B. Andersen, CEBS, ERPA, QPA ‘Lost in Space” was a popular television series in the 1960s. Sabotage by crew member Dr. Zachary Smith threw the ship off course and launched endless adventures. Today’s equivalent of Dr. Smith is an unauthorized computer hacker who breaks into data security systems and wreaks havoc on confidential […]
by Arris Reddick Murphy The Employee Retirement Income Security Act (ERISA)’s Section 404(c) protection is commonly relied upon by plan fiduciaries to lessen potential liability in the event that participants, who are directing their investments in employer-sponsored 401(k) plans, suffer large losses.
by Jourdan Day The U.S. District Court for the Southern District of Ohio will decide whether an employer’s and its insurer’s denial of coverage for an employee’s sex reassignment surgery constitutes sex discrimination in violation of Title VII.
Some, but not all, companies are taking baby steps toward becoming more family-friendly, according to new research from staffing firm OfficeTeam. Just under half (49%) HR managers interviewed said their organization has made policy changes to better accommodate working parents in the past 5 years. The research was compiled using information from recent OfficeTeam surveys. […]
At some point along the way, you’ve probably heard a comment about, talking the talk vs. walking the walk, with the implication being that action is more important than words. In a lot of ways that might be true. When it comes to compensation, however, talking the talk is pretty important, too.
We’ve been reporting on litigation surrounding Nevada’s minimum wage all year. Although some issues remain unresolved, we now have important guidance from the state’s highest court on the scope of the term “provide” under the minimum wage law as well as which statute of limitations applies to wage claims. The following article provides an overview of the court’s ruling.
U.S. Secretary of Labor Thomas E. Perez recently announced the appointments of five new members to the 2017 Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council. He also announced the incoming chair and vice chair of the council.