Tag: FY

retirement

PBGC Annual Report Shows Rising Deficit for Multiemployer Plans

The Pension Benefit Guaranty Corporation (PBGC) Fiscal Year 2017 Annual Report, released on November 16, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier.

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IRS

IRS FY 2018 Compliance Priorities Stress Analyzing Failure Trends, Refining Outreach

Retirement plan compliance priorities for Fiscal Year 2018 released September 28 by the Internal Revenue Service (IRS) indicated the agency’s Employee Plans (EP) unit will emphasize analyzing plan failure trends, refine outreach, and other communications about noncompliance, and enhance its knowledge management program. In an era of doing more with less, the IRS has shifted […]

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Persisting Sexual Harassment in the Workplace

Some see Harvey Weinstein’s ousting from a popular position in public opinion as a watershed moment for fighting sexual harassment. Here at the HR Daily Advisor we are no strangers to accounts like those of victims that have swept the presses recently. Indeed, sexual harassment is at least as old as Hollywood itself – but […]

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On the Chopping Block for Hiring and Pay Discrimination

By Susan Schoenfeld Yesterday we explored how the Office of Federal Contract Compliance Programs (OFCCP) has been taking a hard stance on hiring and pay discrimination cases. Today, we’ll learn the takeaway from all of those cases. Lessons Learned In addition to highlighting OFCCP’s concentrated focus on systemic hiring and compensation issues, these recent cases […]

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PBGC Paid Nearly $6 Billion in Pension Benefits to Retirees in 2015

The Pension Benefit Guaranty Corporation (PBGC) recently released its annual report for fiscal year (FY) 2015. The report shows the agency paid $5.7 billion to more than 800,000 people in failed pension plans, which is comparable to the payments PBGC made in FY 2014.

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Early Settlement May Prevent Collective Actions?

Collective wage/hour suits can turn relatively small and inexpensive problems into very large and very expensive ones, but there may be a technique that makes the collective action moot, says Attorney Deanna Brinkerhoff. In Genesis Healthcare Corp. v. Symczyk, the U.S. Supreme Court ruled that, at least in this case, action by the employer to […]

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Here Comes EEOC 2013—Charges, Investigations, and Claims

Review of Charge Activity, Backlog, and Benefits Provided On November 19, 2012, the EEOC announced the publication of the FY 2012 Performance and Accountability Report. During FY 2012, the Commission again received nearly 100,000 charges, with the past 3 years involving a record number of charges in the Commission’s 47-year history. Since FY 2006, there […]

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Littler’s EEOC Activity Report—No Relief for Employers

Why Pay Is an Easy-to-Litigate Issue Harassment (“He made me uncomfortable”) is vague and often tough to prove, and discrimination (“You didn’t hire me because I am a member of a protected class”) is also hard to prove. But with pay issues —it’s there in dollars and cents for the agency rep or a jury […]

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Labor Seeks New Funding to Boost FLSA, FMLA Enforcement in 2013

The Obama Administration’s proposed 2013 budget  includes funding to hire 92 additional Wage and Hour Division investigators. The budget would allocate $6.4 million to hire investigators to enforce the Fair Labor Standards Act and the Family and Medical Leave Act, said Nancy Leppink, acting WHD administrator during a webchat on Monday. The funding would allow […]

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