Many retirement plan sponsors and administrators are cheering the phase-in of reduced funding requirements that tie future company contributions to a 25-year average interest rate. Nonetheless, some experts predict that the changes may encourage investors in these plans to think less about hedging risk. A report Towers Watson issued, “The Implications of Funding Relief: What […]
Petitioners in King v. Burwell could run up against the same logic that brought down Medicaid expansion under health care reform: it could be unconstitutional for the federal government to use draconian coercion to force states to set up exchanges. Justice Anthony Kennedy emerged as a potential swing vote when he raised that Constitutional balance-of-powers question, which […]
IRS on March 27 released a series of changes to its Employee Plans Compliance Resolution System that it said would improve the correction programs. Among the modifications to Revenue Procedure 2013-12 announced are new options for correction methods to recoup participant overpayments and lower compliance fees for participant plan loan errors. The 17-page Rev. Proc. […]
When the Las Vegas Sands Hotel casino closed its doors, it gave workers 45 days’ advance notice, rather than the 60 days required under the federal Worker Adjustment Retraining and Notification (WARN) Act. So the Sands was required to pay workers their wages for the remaining 15-day period. Now the Ninth Circuit Court of Appeals […]
By Linda F. Willing Just My E-pinion Today’s guest columnist says that diversity training is not the same as harassment training, and it shouldn’t focus on the dire outcome of lawsuits. I recently did a presentation entitled “Leading Diverse Teams” as part of a large national conference. Following the session, one of the nearly 200 […]
We’ve gotten multiple complaints about a worker’s hygiene. He’s a good employee, and we don’t want to offend him, but people have asked to be moved away from his cubicle, and one has even threatened to quit. What should we do?
Congress has proposed a bill that would provide up to 12 weeks of paid leave each year to qualifying workers for the birth or adoption of a new child, the serious illness of an immediate family member, a worker’s own medical condition, and/or for specific military caregiving and leave purposes. The Family and Medical Insurance […]
About a year from now, employers and plan administrators will be preparing to pay a fee to fund the Patient Centered Outcomes Research Institute (PCORI). The IRS on April 17 (77 Fed. Reg. 22691) issued proposed regulations on the fee. The Patient Protection and Affordable Care Act (PPACA) created the PCORI fee to promote research […]