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by Kevin C. McCormick, JD, Whiteford, Taylor & Preston LLP In a significant decision, The U.S. district court in Baltimore declined to award the Equal Employment Opportunity Commission (EEOC) retroactive or prospective monetary relief in an age discrimination case in which the agency claimed that Baltimore County had improperly calculated pension fund contributions.
In previous articles, we covered the four calendar methods for tracking nonmilitary caregiver Family and Medical Leave Act (FMLA) leave. One way was the variable or rolling method that is used to minimize or avoid the stacking of leave. However, this raises the question of whether or not employees can substitute leave or “make up” […]
Open enrollment is an opportune time to educate employees on the traditional and voluntary benefits available to them, and a recent survey suggests that this type of education is needed.
The Pension Benefit Guaranty Corporation (PBGC) has reached an agreement with Alcoa Inc. to provide an additional $150 million in pension contributions to the company’s two largest pension plans, which cover more than 83,000 people.
Millennials now represent the largest segment of the U.S. labor force, and they have strong feelings about the compensation and other benefits they expect their employers to offer.
As the U.S. Department of Labor’s (DOL) benefits portfolio has swollen with the implementation of healthcare reform, wellness rules, and other mandates, the agency’s health plan audits have become more frequent, comprehensive, and fraught with pitfalls for plan sponsors and fiduciaries.
Remember those old Reese’s peanut butter cup commercials? Chocolate and peanut butter … two great tastes that taste great together.
The maximum wage base for Social Security tax will be $127,200 in 2017, up from $118,500 in 2016, the U.S. Social Security Administration (SSA) announced October 18.
Prescription drug benefit cost trends for active populations continue to increase at double-digit rates, according to forecasts by The Segal Group, a private consulting firm.
The U.S. Department of Labor (DOL) has filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan (ESOP), alleging the defendants failed to protect the assets of the plan as it purchased nearly $21 million in company shares from the president of Sentry Equipment Erectors Inc., who was also a trustee of […]