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The 6th Circuit recently overturned a lower court’s dismissal of an employee’s disability and age discrimination claims and sent the case back for trial. The employee, who is unable to lift more than 35 pounds because he has scoliosis, was discharged after nearly 40 years on the job when his supervisor discovered that his condition […]
by Mary B. Andersen, CEBS, ERPA, QPA ‘Lost in Space” was a popular television series in the 1960s. Sabotage by crew member Dr. Zachary Smith threw the ship off course and launched endless adventures. Today’s equivalent of Dr. Smith is an unauthorized computer hacker who breaks into data security systems and wreaks havoc on confidential […]
by Arris Reddick Murphy The Employee Retirement Income Security Act (ERISA)’s Section 404(c) protection is commonly relied upon by plan fiduciaries to lessen potential liability in the event that participants, who are directing their investments in employer-sponsored 401(k) plans, suffer large losses.
by Lisa Higgins, Contributing Editor We know, you’ve heard a lot about the differences between the generations, especially when it comes to work and benefits. What do the Millennials want from their employers? How does that compare to the Baby Boomers’ expectations? And please, just because they’re a smaller group, don’t forget about the Gen […]
Paul Critchlow wasn’t the only retiree who found retirement unfulfilling and boring. Joe Bartley, an 89-year-old war veteran who lives in England, was also unsatisfied with being retired—so he took out an ad in his local paper in the hopes he’d find a job!
Remember the 2015 movie, The Intern, starring Robert De Niro and Anne Hathaway? De Niro played a 70-year old widower who applied to be an intern after he got bored with retirement. Anne Hathaway plays De Niro’s much younger boss, and, ultimately, the two end up learning quite a lot from each other. Once again, […]
Be it young or old, more than one-third of global candidates (34%) perceive their age as their biggest barrier to career development, according to a global study conducted by ManpowerGroup Solutions, part of ManpowerGroup.
A privately held commercial bank in San Francisco, California was ordered by a U.S. district court in a fiduciary-breach judgment to pay more than $860,000 to participants in its former employee stock ownership plan (ESOP).
The Pension Benefit Guaranty Corporation (PBGC) is proposing to expand its existing Missing Participants Program to cover terminated 401(k) plans and most other defined contribution plans, as well as certain defined benefit plans that aren’t currently covered by the program.
A recent survey conducted online by Harris Poll on behalf of Nationwide found that 29% of SMBs with less than 300 employees who offer 401(k) retirement plans and plan to increase contributions say that they are doing so because the ACA has made health benefits less attractive to employees. Additionally, 43% of SMBs who plan […]