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IBM will pay $320 million to current and former employees in partial settlement of a long-running class action lawsuit charging that the company’s conversion of its traditional pension plan to a cash-balance plan illegally discriminated against older workers. Under the settlement terms, IBM’s additional liability, which is under consideration by a federal judge, will be […]
Earlier this year, the European Union’s General Data Protection Regulation (GDPR) went into effect. If you are a U.S.-based company, you may be tempted to say, “So what?” But the GDPR’s reach is personal as opposed to geographic. In other words, the GDPR provides protections to individuals, specifically E.U. citizens, no matter where they are […]
The following is a list of the bestselling hardcover business books as ranked by the Wall Street Journal with data from Nielsen BookScan. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by Tom Rath. Are you unsure where your true talents lie? Do you feel […]
If you file the Form 5500, you know what an odious exercise that can be. And you’d better get it right. Not only is the Department of Labor’s Employee Benefits Security Administration (EBSA) examining the form you file — so is the IRS. The DOL wants the forms to be complete and accurate, of course, […]
Roy Williams, men’s head basketball coach at the University of North Carolina, recently won his 600th game, becoming only the 33rd coach in NCAA Division I history to win that many games. When asked about the milestone Williams replied, “Six hundred wins means I’ve been very lucky. It’s a lot of great players and great […]
By Dinita L. James Following through on the strategy announced in April, Arizona Governor Jan Brewer filed a petition yesterday asking the U.S. Supreme Court to review the lower court decisions blocking implementation of key provisions of S.B. 1070, Arizona’s tough immigration law. A federal district judge in Arizona blocked four provisions of the law, […]
ABA Journal editors this week selected the popular That’s What She Said blog, Delaware Employment Law Blog, Work Matters, and Tex Parte Blog to be among the top 100 best websites by lawyers. Now you can vote on your favorites among the Journal’s “Blawg 100.” To cast a total of 10 votes in any of […]
It may seem paradoxical that the U.S. Department of Labor (DOL) should begin auditing health plans for compliance with the health reform law’s mandates, given that the U.S. Supreme Court could very well strike down the Affordable Care Act (ACA) for being unconstitutional in early summer. But it’s better that plans be ready to demonstrate […]
by Kate McNeill of McCarthy Tetrault and Brian P. Smeenk formerly with McCarthy Tetrault Canada’s federal parliament has passed a law to protect workers when their employers become insolvent A key component of Bill C-12, passed December 14, 2007, is the creation of the Wage Earner Protection Program (WEPP). The WEPP provides statutory wage protection […]
by Judith E. Kramer The U.S. Treasury Department has issued a final rule requiring that any entity that enters into a contract with the department make good-faith efforts to include minorities and women in its workforce. The new rule goes into effect April 21. The requirement grows out of the 2010 Dodd-Frank Act, which states […]