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What Employers Need to Know When Employees Seek Loans, Withdrawals from Retirement Plans

by Douglas R. Chamberlain When facing financial difficulties, employees often look to their retirement plans as a possible source of needed funds. Many plans offer participant loans or permanent withdrawals, the latter generally on a hardship basis. However, plan loans and withdrawals can jeopardize the employee’s retirement benefits, and both are subject to complex rules […]

Ameriprise Suit Alleging 401(k) Fund Selection Favoritism Allowed to Advance

A recent U.S. district court decision is the latest ruling over plan fees and may give a legal foothold to participants seeking restitution for investment decisions they deem imprudent. Judge Susan Richard Nelson of the U.S. District Court for the District of Minnesota ruled against Ameriprise Financial Inc. in a case concerning allegations that the […]

Workers’ Compensation: No Benefits Available For Psychiatric Injury Stemming From Demotion; Why It’s Critical To Make Personnel Decisions In Good Faith

As layoffs occur nationwide, employers are grappling with how to calm employees’ nerves. But giving an employee false reassurances about job security only to later demote or lay off the person could lead to a costly workers’ compensation claim for stress. A new California Court of Appeal ruling illustrates that acting in good faith shields […]

Work Criticisms Don’t Equal Adverse Action

When Specialty Restaurants Corp. (SRC) hired Alberto Pinero as general manager of Luminarias in Monterey Park, Pinero had an age bias lawsuit pending against his former employer that he didn’t tell SRC about. When SRC’s chief executive learned about the suit, he tried to persuade Pinero to drop it on the grounds that it was […]

EEOC maintains steady position on transgender employees’ rights

by JW Furman With all the attention given to President Donald Trump’s recent removal of the Obama administration’s protection for transgender bathroom access, it’s important to remember that the action applies only to public school students. For employers, the issue remains as unsettled as ever.  There’s no reason to believe that the Equal Employment Opportunity […]

‘Your Honor, the Real Reason Was Performance’ (and I’m a Liar)

In yesterday’s Advisor, we looked at five things you never want to have to say in court; today, three more, and an introduction to the all-in-one solutions website for HR managers. ‘No, really it was performance’ This is the standard “now I’m changing my story” line. Here’s the scenario: you fire someone whose performance has […]

STEM

Boeing and NSF Program Aims to Increase Diversity, STEM

When comparing the United States to the rest of the world, we often hear that American students continue to lag behind much of the rest of the world—and other advanced, industrial nations in particular—when it comes to the so-called STEM subjects: science, technology, engineering, and math.

5 Ways You Attract the Attention of Plaintiffs’ Attorneys

It’s not that hard to avoid the actions that tempt me and my fellow plaintiffs’ attorneys, says Whitney Warner, SPHR. In today’s Advisor, she shares five things that employers do that “make her day.” Warner, who has shared some of her secrets with our readers before [Go here for other secrets], details five things that […]

Super Bowl Week: Is Gambling at Work a Problem?

As America revs up for the super-spectacle … and bets on the outcome … we wonder what gambling at work costs employers. The answer may surprise you. Sunday marks the biggest game in pro football, Super Bowl XLI, and the action will be hot and heavy … betting action, that is. Gamblers, from $2 small […]