Practical HR Tips, News & Advice. Updated Daily.
Defined benefit plan sponsors have gained a new incentive to fully fund their pension plans – even if that requires borrowing, according to a recent research report. The Moving Ahead for Progress in the 21st Century Act enacted in mid-2012 raised U.S. Pension Benefit Guaranty Corp. premiums for plan sponsors maintaining an underfunded DB plan, […]
Ensuring the proper classification of workers is a concern for many reasons. Taxes, employment laws and employee benefits are the main ones. Have you run into situations where you were unsure of whether a worker should be classified as an employee or contractor?
Workers’ compensation laws have come about as a way to establish a means of compensation for injured employees while simultaneously reducing the amount of litigation against employers when employees are injured on the job. The workers’ compensation laws are administered on the state level, and the federal government has its own separate program. Workers’ compensation […]
Due to some ambiguity in model government language explaining the interplay of the Affordable Care Act with COBRA coverage, the Obama administration has both proposed an update to model COBRA notices and provided a new special enrollment opportunity for COBRA qualified beneficiaries (QBs) to enroll in marketplace coverage. Last year, the U.S. Department of Labor […]
Former football players get a lot of publicity when they are arrested or sentenced for breaking the law. But in this case, the charges are kind of unusual—workers’ compensation fraud.
A noncompete agreement is an agreement between an employer and employee that the employee will agree to not work for a competitor immediately after leaving employment with the current employer.
Employers have cited complying with the Affordable Care Act as their number one concern in surveys, and that wouldn’t be the case if there weren’t taxes and money penalties backing it up. This is true even though the government postponed until 2015 penalties for failure to comply with the ACA’s play-or-pay mandates, temporarily reducing the […]
Some employers fear spending on employee development, citing the risk that the employee might take those new skills and leave. This fear is pervasive. It affects decisions not only for new hires, but for long-term employees wanting to advance their skills. This can become a catch-22, however, since employees who are not given opportunities to […]
As more 401(k) plan participants look for retirement savings options that resemble traditional pensions, the U.S. Pension Benefit Guaranty Corp. has proposed exempting DC-to-DB rollovers from maximum guarantee and five-year phase-in limits. The agency in early April proposed regulations that would amend its rules on allocation of assets and benefits payable in terminated single-employer plans to clarify […]
My 20-year-old daughter has been put on bed rest because of her high-risk pregnancy. I am the only one available to care for her. Can I take FMLA leave for this reason? Maybe. In order to take FMLA leave to care for your adult daughter, she must be incapable of self-care due to a disability […]