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Women Closing Retirement Balance Gap but Still Need Long-term Strategy

Data from late 2012 show women in the United States closing the gap in defined contribution plan balances and savings rates compared with their male counterparts, but gaps remain in women’s retirement funding strategies that plan sponsors can help address. Although female plan participants long have been known to save less than men for retirement, […]

News Notes: Federal Labor Law Superseded Lawsuit Claiming Pay for Family Leave Time

Verizon employee Denise Harris was granted family and medical leave for a bad back. Under the union contract covering Harris’ employment, Verizon paid Harris sick pay benefits during the first part of her leave, but cut off her benefits when she didn’t provide a physician’s report confirming she couldn’t work. Harris sued, claiming the failure […]

Health Coverage Premium Subsidies: One Step Closer to Extension?

At least in the Senate, a consensus is being reached on trade adjustment assistance that could lead to an extension of premium subsidies under the Health Coverage Tax Credit (HCTC) program. Here are two snippets from a joint statement issued Wednesday: [Senate Majority Leader Harry Reid (D-Nev.)]: “My staff and Senator McConnell’s staff have been […]

EEOC to Update, Simplify Leave Guidance

To alleviate confusion among employers, the U.S. Equal Employment Opportunity Commission said it plans to clarify and update its guidance on leave as a workplace accommodation. In a June 8 meeting, commissioners offered their insight and took suggestions from stakeholders. “I’ve been told that many employers have difficulty with leave as an accommodation,” said Stuart […]

Retirement and Pension Plans: IRS Issues Final 409A Rules

The Treasury Department and the IRS have issued final rules regarding section 409A nonqualified deferred compensation plans and arrangements. The new regulations provide extensive information on how employers can identify nonqualified deferred compensation plans and arrangements subject to section 409A, along with rules to help employers and employees comply. Plans and arrangements affected by the […]