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Former Verizon Managers Lose Bid to Block Conversion of DB Plan

Large corporations thinking about transferring hefty defined benefit plan payouts to insurance companies for them to manage now have judicial support for that approach. A federal judge in Texas has denied a bid by retired Verizon Communications executives to block the company from making a proposed shift off its books of $7.5 billion in pension […]

7 Leadership Lessons from World Series Baseball Champions

By HR Consultant and Sports Executive Skip Weisman As baseball season starts, our guest columnist explains how lessons learned by sports teams can help business organizations. He knows because he’s led both. With dreams of a World Series championship dancing in their heads, 30 major league teams have just begun the 2007 major league baseball […]

Retirement Plans: New Rule Regarding Stock Diversification Notice Penalties

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has published a final rule clarifying the penalty that may be imposed on a plan administrator for failing to provide a written notice to participants and beneficiaries of their rights to diversify the portions of plan accounts that are invested in the employer’s publicly traded […]

Family And Medical Leave: Employer Dodges $118,000 Verdict In Dispute Over Time Off For The Flu; Tips For Handling Minor Illnesses

When the U.S. Department of Labor issued an opinion two years ago suggesting that absences due to the common cold or flu could sometimes qualify as family leave, it was greeted with consternation by many employers. Now, in a new decision, a California appellate court has overturned a $118,000 verdict in favor of a worker […]

Bullies in the Workplace, Not Just the Playground

Sixteen states have proposed legislation introduced under the title “The Healthy Workplace Bill.”  In 2009, 12 states’ legislatures considered bullying bills but none passed them. The legislation is intended to stop workplace bullying but hasn’t yet been made law in any state. Keep up with the latest changes in state employment laws with the monthly […]

California Laws Clamp Down on Wage and Hour Violators; Misclassifiers Could Lose Business Licenses

Two new California state laws, signed by Gov. Jerry Brown Oct. 9, raise the stakes for companies that violate the state’s wage and hour laws. Assembly Bill No. 459, among the latest move by feds and the states to crack down on independent contractor abuse, prohibits willful misclassification of employees as independent contractors. The law […]

Pension Plans: DOL Finalizes Form 5500 Electronic Filing Rule

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has published a final regulation requiring pension plans to file Form 5500 annual reports electronically, beginning with 2008 plan year filings (due in 2009). The agency has also proposed changes to update the forms that will be used under the new electronic system. For information […]