Practical HR Tips, News & Advice. Updated Daily.
Governor Wilson recently approved a measure changing the little-known but important statute that allows employees to take unpaid time off to participate in their children’s school activities. The law continues to apply to private, state and municipal em- ployers who have 25 or more employees working in the same location. Our HR Management & Compliance […]
The IRS recently issued Notice 2007-100, which gives employers an opportunity to correct unintentional operational mistakes concerning nonqualified deferred compensation plans. Internal Revenue Code Section 409A, which covers these plans, specifies the manner in which they must be reported to avoid premature taxation. The notice gives employers the opportunity to self-correct unintentional operational errors—the failure […]
As part of the new stimulus package, many workers will be seeing a little extra cash in their paychecks beginning this month—in the form of a reduced federal income tax withholding called the Making Work Pay Tax Credit. For employers, this means that payroll calculations need to be adjusted to ensure that the lowered withholding […]
Packets being given to retirees and separated, vested employees considering taking an immediate lump-sum distribution from their former employer’s defined benefit retirement plan rather than continuing lifetime income benefits routinely lack some key information needed to make an informed decision, or were unclear, according to the U.S. Government Accountability Office in a recent study. With […]
Employers with high-deductible health plans (HDHPs) that make it possible for employees to open health savings accounts (HSAs) have plenty of lead time to prepare for 2013. The IRS on April 27 issued Revenue Procedure (Rev. Proc.) 2012-26, which contains the HSA and HDHP limits for calendar year 2013. The HSA annual limits and the […]
The Internal Revenue Service has increased the standard mileage rate commonly used to reimburse employees for business use of a car to 50.5 cents per mile, up from 48.5 cents in 2007. The new rate will apply to miles driven beginning Jan. 1, 2008. Employers who use the IRS standard mileage rate to reimburse employees […]
If it seemed to you that investment and funding decisions for your defined benefit plan in 2012 were at odds with each other, you weren’t alone. In its annual report on DB plans, global employee benefits consultant Towers Watson says that in 2012, once again there were many investment contradictions for U.S. DB plan sponsors: […]
The Pension Benefit Guaranty Corporation (PBGC) is reducing penalties for late payment of premiums in an effort to reduce regulatory costs and make it easier for plan sponsors to maintain traditional pension plans.
The cover story in the March issue of California Employer Advisor highlights several important provisions of the new Interim Wage Order, which took effect March 1. Now the Industrial Welfare Commission has announced that it will hold a hearing to discuss proposed changes to the wage order. The hearing will take place in Sacramento on March 31. Some […]
Yesterday’s Advisor offered tips for controlling surfing on company time; today we’ve got a list of key issues to consider when you write your Internet policy. Here, from BLR’s popular SmartPolicies, are particular topics to consider for your policy on Internet usage: Security. Are all files downloaded from the Internet scanned for viruses? Are hard […]