Tag: DOL

Train Supervisors to Make the Right Decisions

We want our supervisors to manage and participate, but there are several circumstances in which they must step aside, says Attorney Mark Schickman. Schickman, who is a partner with Freeland Cooper & Foreman, LLP in San Francisco, offered his training tips at a recent webinar sponsored by BLR® and HR Hero®. When the Supervisor Is […]

Are Your Supervisors Trained to Handle Tough Decisions?

Even organizations with the most rules and regulations get into trouble, Schickman says. It doesn’t matter how big you are, or how much money you have, or how many rules you have—if the supervisor doesn’t do the job, you’re in trouble. Schickman, who is a partner with Freeland Cooper & Foreman, LLP in San Francisco, […]

ERISA Advisory Council Told Most ‘Derisking’ Payouts are Relatively Small

Concerns about the effect of lump-sum retiree distributions on the funded status of defined benefit pension plans with ongoing obligations to future beneficiaries were prominent as members of the ERISA Advisory Council tackled issues of “derisking” at a June 5 open meeting at the U.S. Department of Labor. There was high interest in the topic […]

Gender Pay Gaps—Which Occupations Are Worst?

Pat Shiu, Director of the Office of Federal Contract Compliance Programs, was joined for the chat by Latifa Lyles, Acting Director of the Women’s Bureau (WB), and Jennifer Hunt, chief economist at the Department of Labor (DOL). [Go here for yesterday’s questions and answers] Question from Annalyn Kurtz: In what occupations is the pay gap […]

Don’t Lawyer Up Too Quickly

Yesterday’s Advisor featured SHRM’s top-rated speaker, Attorney Jonathan Segal, who offered the first 10 of his “they won’t tell you, but I will” principles. Today, 11 to 15, plus an introduction to the handy wage and hour guide that helps you solve little problems before they become big and expensive ones. Segal, who is a […]

DOL releases toolkit to combat child and forced labor

The U.S. Department of Labor’s (DOL) Bureau of International Labor Affairs has released “Reducing Child Labor and Forced Labor: A Toolkit for Responsible Businesses,” the first guide developed by the U.S. government to help businesses combat child labor and forced labor in their global supply chains. According to the International Labor Organization (ILO), worldwide there […]

GAO Recommends DOL, IRS Reduce Plan-to-plan Rollover Barriers

Most of the money contributed to traditional individual retirement accounts comes from rollovers, but the choices involved in moving 401(k) savings to an IRA or from one employer-sponsored plan to another should be made easier and more efficient. That’s the finding of the  U.S. Government Accountability Office in its latest report, “401(K) Plans: Labor and […]

DOL Helps Plans Find How MAP-21 Changed Liability Calculations

New guidelines from the U.S. Department of Labor help defined benefit plan sponsors see and report exactly what’s changed for their calculation of pension plan liabilities under Moving Ahead for Progress in the 21st Century Act requirements. Several changes to ease funding requirements for DB plans arrived with the start of MAP 21’s transportation reauthorization […]

Criticism in store for Obama’s choice for DOL

President Barack Obama’s choice of Thomas E. Perez for secretary of the U.S. Department of Labor is likely to face tough questions during the process of confirmation by the Senate. If confirmed, Perez will replace Hilda L. Solis, who stepped down as labor secretary in January after serving in the post four years. Foes of […]