Tag: benefits
PBGC Now Requires Electronic Filings
The Pension Benefit Guaranty Corporation (PBGC)—the federal agency that insures pension benefits for millions of Americans—has published a final rule requiring sponsors of defined benefit pension plans to electronically file their annual premium declarations. Effective July 1, large plan sponsors (those with 500 or more participants) must file premiums electronically for plan years beginning on […]
Employment Law Tip: How to Avoid Common Retirement Plan Missteps
It’s no secret that retirement and pension plans have come under increased scrutiny in recent years, amidst allegations that benefits are often miscalculated and underpaid. Here’s a checklist to help you avoid some of the most common plan mistakes: Check your plan documents to determine the types of covered compensation. Be sure all relevant […]
Retirement Benefits: Many More Employers Offering 401(k) Plans Exclusively
According to an analysis by benefits consulting firm Watson Wyatt, the number of large employers that offer only defined contribution/401(k) plans—and not traditional pension plans—is way up. In 2005, 36 percent of Fortune 100 companies offered 401(k) plans only (not in combination with a traditional pension plan), up from 25 percent in 2004 and 17 […]
Flexible Workweek Measures
Workers’ Compensation: Court Looks at Employer Liability for Off-Duty Sports Injuries
Suppose employees who must be in shape for their jobs play a game of pickup basketball to cut loose after work. They figure it’s a good way to stay fit for their physically demanding positions, and it is. But does that mean that if someone gets injured in the game, workers’ comp benefits will kick […]
Workers’ Compensation: Employee Gets Six Years to File Comp Claim Because Employer Didn’t Provide Notice of Rights
Thomas Davenport worked for Michael Faeth Cleaners (MFC) under its contract with Camp Pendleton to dry-clean military clothing. He lived in a hotel on the base and MFC paid for his room and board. One day, while Davenport was cooking in his hotel room, a grease fire started and Davenport was burned on his arms, […]
Employment Law Tip: Jury Duty Dos and Don’ts
Every day, thousands of employers learn that one or more of their employees has been called up for jury duty. But do you know your rights and responsibilities vis-à-vis an employee’s jury duty? Here’s a quick primer.
Benefits: Can We Give New, Experienced Employees Better Benefits Than Current Employees Get?
We need to know whether we can treat new employees differently as far as the benefits we offer them. For example, our policy says that with under five years of service, employees get two weeks of vacation. However, when we hire experienced people, they want us to match the vacation they had at their old […]
Short Takes: HR Recordkeeping
How long should I keep HR records?