Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Free Coverage for 11 Months Eliminates Need for COBRA Notice Penalties, Court Rules

Due to an administrative error, an employer clearly did not provide a qualified beneficiary with a COBRA election notice. However, the qualified beneficiary also benefited from that mistake by receiving 11 months of free health coverage. For that reason, a federal district court in Iowa rejected claims that the employer should be subject to COBRA […]

Lessons on Life and Leadership from MLK, Jr.

Oswald, CEO of BLR, offered his thoughts in a recent edition of The Oswald Letter. King was a man who developed a followership that numbered in the hundreds of thousands—if not millions—made up of people compelled to follow his example of nonviolent civil disobedience to bring attention to the civil rights movement in the 1950s […]

TPA Faces ERISA Benefits Denial Claim for Improperly Raising COBRA Premium

A third-party administrator that poorly communicated a COBRA premium rate increase ­— which in any case was likely prohibited under COBRA’s rules — is being sued for ERISA benefits denial and state-law promissory estoppel claims. The TPA instituted the premium change but did not provide clear written notice of it as required under plan terms. […]

Obama Unveils ‘Starter’ Retirement Savings Bond in State of Union Speech

A new type of “starter” retirement savings account for smaller balances that’s backed by the federal government but administered by employers was promised by President Barack Obama in his 2014 State of the Union address on Jan. 28. The president said he would use an Executive Order to direct the U.S. Treasury Department on Jan. […]

Health Care Reform: Individual Mandate Penalties Further Refined

In proposed rules issued Jan. 27, the IRS clarifies how participants in employer-sponsored plans are to count employer contributions to HRAs and wellness program incentives when calculating their contributions to employer-sponsored coverage. In those rules, the IRS also allows temporary exceptions to health care reform’s definition of minimum essential coverage for government-sponsored limited-benefit plans, giving […]

Keys for Training Supervisors to Avoid Lawsuits

While you are at it, Schickman adds, make sure that your practices match your policies. Schickman is a partner with Freeland Cooper &Foreman LLP in San Francisco. He offered his tips during a recent webinar sponsored by BLR® and HR Hero®. Supervisor Training Highlights Be sure your training covers the following, says Schickman: Basic rules […]

Yes, It’s Possible to Do Meaningful Appraisals

No Surprises, Please One of the most cited problems with performance appraisals is the blow to morale and productivity in the time leading up to—and for months after—when the information is delivered. Why? Because employees don’t know what to expect and managers are reluctant to deliver bad news. But, to every extent possible, the contents […]

SEC to Examine if Advisers Are Misleading Clients About IRA Rollovers

Registered investment advisers and broker-dealers that may be misrepresenting their credentials or the benefits and features of individual retirement accounts will be targeted by the Office of Compliance Inspections and Examinations of the Securities and Exchange Commission, based on the initiatives listed in a Jan. 9 release of the agency’s 2014 examinatfion priorities. The so-called […]

Should We Ditch the Dreaded Performance Appraisal?

  In today’s Advisor, BLR® Legal Editor Holly Jones, JD, outlines challenges of appraisal systems and offers tips for making them meaningful. Don’t worry, she says, skepticism about appraisals is not unusual. A Google search on performance appraisals will return numerous articles calling for the death of the performance review, a defunct management ritual that […]

Crimson Tide’s Coach Offers Seven Lessons for Every Manager

Oswald, CEO of BLR, offered seven lessons for better managers from Alabama coach Nick Saban in a recent edition of The Oswald Letter. In the end, people are people. Successful strategies to manage, mold, and motivate them are consistent across the playing field and the workplace. If you want to learn how to manage from […]