Practical HR Tips, News & Advice. Updated Daily.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Congress removed health care reform’s $2,000/$4,000 deductible limits as part of the annual Medicare physician payment bill that President Obama signed on April 1. Section 213 of the Protecting Access to Medicare Act of 2014 removes deductible limits for small-business health insurance policies from the reform law. Under the original law, small employer health plans […]
A pharmacy chain is being sued over its requirement that employees undergo a “wellness exam” or pay a $600 surcharge on their health plan contribution. The lawsuit, filed in California state court as a class action, characterizes the surcharge as an illegal “wage deduction,” and contends that employees who did take the exam should have […]
Changes Contemplated Our survey shows that 9.8% of employers plan to add or make changes to their 2015 retirement benefits package, 64.9% of employers have no additions or changes planned, and 25.3% are not certain at this point in time. For those that are planning to add or make changes to their retirement benefits, 27.4% […]
86.6% of the employers responding to our 2014 survey offer either a 401(k) or 403(b) retirement savings plan to employees. 60.3% of the employers responding to our survey that offer a 401(k) or 403(b) plan to their employees also provide a matching contribution. 41.4% of employers match employee contributions dollar-for-dollar. 31.3% go 50 cents on […]