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Employers in Tax-break Pilot May Offer myRA Accounts by Late 2014

Employers may not feel much of an administrative burden from the new “starter” retirement savings accounts announced Jan. 28 in President Barack Obama’s State of the Union address, but those opting to participate should be prepared for employees’ questions about the My Retirement Account or “myRA” program ahead of its launch late this year. While […]

IRS Ups Mileage Deduction … and Why HRDA Looks Different Today

As the new business year begins, Daily Advisor Managing Editor Jay Schleifer takes a moment to thank you for your past support and to let you know about some significant improvements in our program. First and foremost, Happy New Year! As 2008 opens, there are developments to report. Today, for example, marks the start of […]

Are You Talking About Me? Si. Do You Mean Yes? No.

Are they talking about me? Do they understand me? Who knows? My workers speak a dozen languages. I’m making a simple rule– speak English at work or else you’re done here. What with changing demographics, retention woes, and increased hiring demands, more and more businesses are concerned about dealing with employees whose native language is […]

Wage & Hour: Must We Pay Living Wage to All Employees?

Our city has a living wage ordinance in effect. Our operations are outside the city limits, but part of our business involves providing services to city agencies. Even though those services represent only a portion of our business, the city wants us to pay the higher living wage rate to all our employees since we […]

Massachusetts Criminal Record Rule Changes Finish Taking Effect May 4

by Tim Murphy In 2010, the Massachusetts Legislature made sweeping changes to the statute governing employers’ use of Criminal Offender Record Information (CORI). In addition to prohibiting employers from asking about an applicant’s criminal history on the job application, the amendments called for additional changes to the way employers access CORI data and how they […]

Georgia Governor Set to Sign Aggressive Immigration Law

By Geetha Adinata, Ford & Harrison LLP Another domino has fallen in the changing landscape of immigration law. Following in the footsteps of states such as Arizona, Georgia has passed legislation addressing the issue of illegal immigration within its borders. Last week, the Georgia Senate adopted and amended HB 87, which includes numerous provisions that […]

Corporate Plans’ Funded Status at Record Low in July

By Jane Meacham The funded status of the average U.S. corporate pension plan slid to a record low in July, according to several measurements of the health of the plans’ finances. Funding status of the typical plan surveyed for BNY Mellon Pension Summary data touched a low of 68.7 percent, off 2.9 percentage points from […]