Tag: DOL

retirement

DOL: Lifetime Income Can Be Part of Prudent QDIA

by Jane Meacham, Contributing Editor The U.S. Department of Labor (DOL), in late December 2016, issued an information letter that indicated employer plan sponsors are entitled to use lifetime income products as a part of a prudent qualified default investment alternative (QDIA), even if the products contain certain liquidity and transferability restrictions.

Exceptions Timekeeping Is Legal—But It’s a ‘Horrible’ Idea

Employers would be wise to ignore the U.S. Department of Labor’s (DOL) regulations and guidance that permit exceptions timekeeping under the Fair Labor Standards Act (FLSA). The department says that the practice is fine, but experts warn that it sets employers up to violate another DOL mandate: “complete and accurate” time records.

FMLA Fraud and Abuse: 5 More Training Tips

Yesterday’s Advisor provided five tips for training your supervisors on the Family and Medical Leave Act (FMLA) and how to prevent fraud and abuse. Today we’re providing five more tips on navigating this complex regulation.

Texas AFL-CIO seeks to join fight to save overtime rules

A group of labor organizations is attempting to save the new overtime rules from almost certain death under the Trump administration. The Texas AFL-CIO on December 9 moved to join a lawsuit challenging the rules, saying that if the president-elect drops the government’s defense of the regulation as predicted, the union group will see it […]