Penalty! Football Player Drops the Ball When He Switches Leagues
Former football players get a lot of publicity when they are arrested or sentenced for breaking the law. But in this case, the charges are kind of unusual—workers’ compensation fraud.
Tag: benefits
Pros and Cons of Noncompete Agreements
A noncompete agreement is an agreement between an employer and employee that the employee will agree to not work for a competitor immediately after leaving employment with the current employer.
Penalties Await Plans That Ignore ACA’s High-litigation Risks
Employers have cited complying with the Affordable Care Act as their number one concern in surveys, and that wouldn’t be the case if there weren’t taxes and money penalties backing it up. This is true even though the government postponed until 2015 penalties for failure to comply with the ACA’s play-or-pay mandates, temporarily reducing the […]
Employee Development: Using it as a Retention Tool
Some employers fear spending on employee development, citing the risk that the employee might take those new skills and leave. This fear is pervasive. It affects decisions not only for new hires, but for long-term employees wanting to advance their skills. This can become a catch-22, however, since employees who are not given opportunities to […]
PBGC Proposes Facilitating DC-to-Pension Plan Rollovers
As more 401(k) plan participants look for retirement savings options that resemble traditional pensions, the U.S. Pension Benefit Guaranty Corp. has proposed exempting DC-to-DB rollovers from maximum guarantee and five-year phase-in limits. The agency in early April proposed regulations that would amend its rules on allocation of assets and benefits payable in terminated single-employer plans to clarify […]
Practical Examples: FMLA to Care for Children 18 and Above
My 20-year-old daughter has been put on bed rest because of her high-risk pregnancy. I am the only one available to care for her. Can I take FMLA leave for this reason? Maybe. In order to take FMLA leave to care for your adult daughter, she must be incapable of self-care due to a disability […]
The 5 Hoops—FMLA Leave over Children 18 and Older
First, the child must meet the FMLA definition of a “son or daughter.” Second, the child 18 years of age or old must be “incapable of self-care.” Third, the incapability for self care must be because of a mental or physical disability at the time FMLA leave is to commence. Fourth, the child must have […]
Development, Mentors, Opportunities, Risk, and Reward Keep HIPOs Engaged
Here are some more tips for managing HIPOs (high potentials): Increase risk and reward. This might mean giving more at-risk salary in the form of bigger bonuses or incentive pay for outstanding performance. Having more say over final take-home pay can allow HIPOs to feel more in charge of their career outcome, even if the […]
Groups say HIPAA transaction rules would unduly tax self-funded plans
Government requirements for certifying compliance with HIPAA’s transaction standards would impose a significant, unwarranted burden on self-funded group health plans that do not perform these transactions directly, employer groups warned in written comments to the U.S. Department of Health and Human Services. The proposed rules would lay “significant costs” on self-insured plans that hire vendors […]
Retroactivity for Same-gender Spouses Goes Back to June 2013
IRS on April 4 said rules that do not distinguish between same- and opposite-gender married couples in tax and federal retirement plan provisions will be in effect retroactive to June 26, 2013. This date is when the U.S. Supreme Court held in U.S. v. Windsor, S. Ct. 2675 (2013) that the lack of recognition of […]