Archives
Capitol Notes: Wage and Hour Laws for the New Year; Plus, What Got Vetoed
Ninth Circuit Rules On Wage-Claim Releases
Sharing The Wealth
The California Supreme Court recently ruled that employers may lawfully use net-profit-based incentive plans to compensate their employees.1 Employers may base profit-based bonus or incentive plans on the traditional measure of company profits, regardless of whether the employee is exempt. Before the ruling, an employer would have had to add workers’ comp and other business-related […]
Disclosure Rules Reveal Boom In Executive Perks
The first year of employer disclosures made under the new U.S. Securities Exchange Commission disclosure rules for executive compensation reveals an approximate threefold increase in the value of executive perks. Under the new rules, employers must disclose perks totaling $10,000 or more; previously, the disclosure threshold was $50,000. This causes concern for executives as many […]
Bush Plan For Kids’ Insurance May Force Cuts In California
New Cafeteria Plan Regulations Proposed
Employee Exemptions: Appeals Court Limits the Administrative Exemption
The federal Fair Labor Standards Act (FLSA) and California law exempt certain administrative employees from overtime; the requirements for the administrative exemption under California law are stricter than the FLSA. To qualify for this exemption in California, an employee must: 1) earn a salary equal to at least twice the state minimum wage; 2) perform […]
Compensation: Compensable Work Time, Part 1; When Is Travel Time Work Time?
Retirement Plans: Major Changes to the 403(b) Rules; How to Prepare
Section 403(b) of the Internal Revenue Code is undergoing its most significant changes in decades. The IRS has issued final regulations for retirement plans governed by Section 403(b) and maintained by nonprofit and tax-exempt organizations and public schools for their employees’ benefit. The plans may be funded through annuity contracts issued by an insurance company, […]