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Catch-up 401(k) Contributions Didn’t Increase Savings Rate Much
The participants 50 or older who have taken advantage of contributing much more of their salary to 401(k) retirement plans through catch-up provisions already were among the highest savers — and so few workers overall are constrained by the annual IRS limits that catch-up contributions aren’t a solution for low retirement savings rates. Those conclusions […]
More penalties under ACA? The cost of failure to file went up
by Jamie Brabston As employers prepare to comply with the upcoming information-reporting requirements of the Affordable Care Act (ACA), which remain in place after the Supreme Court’s decision in King v. Burwell, Congress snuck higher penalties for failing to meet those requirements into a trade bill. House Resolution (HR) 1295, known as the Trade Preferences […]
High court agrees to hear NLRB recess appointments case
The U.S. Supreme Court has agreed to hear an appeal in Noel Canning v. NLRB. In the Noel Canning case, the U.S. Court of Appeals for the District of Columbia Circuit ruled that three of President Barack Obama’s so-called recess appointments to the National Labor Relations Board (NLRB) were unconstitutional. Without the three appointees, the […]
Age Bias: Ex-Google Director Gets Green Light to Sue
In a new case that highlights the growing tension between Silicon Valley’s hip, young atmosphere and older, experienced workers, an ex-Google director whom younger employees called “old fuddy duddy” and “sluggish” has been given the green light by a California appeals court to sue for age discrimination.
Janitorial Companies Accused of Multimillion-Dollar Wage Violations
Federal Minimum Wage Pops Up Again This Week—To What Effect in Your State?
It’s time to check with payroll to make absolutely sure that you are geared up for the change in the federal minimum wage. The second of three increases will take effect on Thursday (July 24, 2008). The impact on employers may vary depending on the state in which employees work. This Thursday, July 24, the […]
Family and Medical Leave: New FMLA Leave Rights for Military Families; Poster Required
The new National Defense Authorization Act expands the Family and Medical Leave Act (FMLA) to permit two new types of workplace leave for family members of injured military personnel and military reservists called to active duty. Here’s an overview of the requirements.
News Flash: Update On Interim Wage Order Developments
On March 31, the Industrial Welfare Commission held a hearing to address amending the Interim Wage Order that took effect on March 1. Among other things, the IWC appointed members to two new wage boards but tabled for the time being a controversial proposal to exempt highly paid workers from overtime. And it appears as […]
PBGC Selects Firms for Smaller Asset Manager Pilot Program
The federal Pension Benefit Guaranty Corporation (PBGC) has selected five investment management firms to participate in its pilot program for Smaller Asset Managers.