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Bulletin Item: New Guidance Issued On HSAs

The Treasury Department and the IRS have issued additional guidance on Health Savings Accounts, or HSAs, the recently authorized tax-exempt savings accounts employees can set up to pay medical expenses. For more information, go to the Treasury Department website.

Bulletin Item: President Bush Signs Pension Funding Equity Act (HR 3108)

The new law provides a short-term replacement for the current 30-year Treasury bond rate, which is currently used as the benchmark rate for pension funding liabilities. Some employers, unions, and workers expressed concerns about using the Treasury bond rate because it artificially inflates a plan’s funding liabilities. Congress enacted a temporary fix in March 2002 […]

Bulletin Item: Financial Accounting Standards Board (FASB) Proposes Change In Existing Reporting Requirements For Stock Options

Under the FASB’s proposal, all forms of share-based payments to employees, including stock options, would have to be reported as expenses on corporate financial statements. Current rules require that the fair value of stock options be disclosed only in financial statement footnotes. For more information, go to the FASB website.

Age Discrimination: U.S. Supreme Court Says ADEA Doesn’t Bar “Reverse” Age Bias

Courts have long acknowledged the validity of reverse discrimination cases when gender or race is concerned. But the validity of a reverse age bias claim has been less clear. In particular, could a worker in the over-40 protected class bring an age discrimination lawsuit if an older employee was favored at work? According to a […]

Employee Benefits: Public Employers May Have to Provide Long-Term Temps with Full CalPERS Retirement Benefits; A Reminder to Review Your Employee Classifications

In a decision that could be enormously costly for some California public employers, the state’s high court has ruled that long-term temps hired by the Metropolitan Water District of Southern California (MWD) through private temporary agencies may be eligible for full CalPERS retirement benefits. This opinion highlights the need for employers to be on high […]

Americans with Disabilities Act: Employee’s Respiratory Ailment Stemming from Workplace Mold Lands Employer in Court

Earlier we reported on the growing risks of toxic mold in the workplace. Now, a federal court ruling demonstrates how this health and safety problem can mushroom into complaints under the Americans with Disabilities Act. Employee Suspects Mold in Building While working for the city of San Antonio, Texas, Dorothy Burnley was diagnosed with a […]

Workers’ Compensation: Court Upholds WCAB Decision That Employer Terminated Employee Because of Industrial Injury; Practical Tips to Help You Avoid Retaliation Claims

Appliance installer Morton Wong injured his elbow while employed at Crown Appliance in Modesto. Wong claimed he always had a good working relationship with Crown’s owner, Mary Sanchez, but that things went downhill when he returned to work following the injury. Eventually, the Workers’ Compensation Appeals Board (WCAB) found that Crown illegally discriminated against Wong […]

Truth in Hiring: New Case Highlights Need for Caution When Recruiting Applicants Who Will Relocate; Don’t Make Promises You Can’t Keep

Years ago, the California Supreme Court opened the door for workers to bring high-stakes lawsuits claiming employers induced them to take jobs based on false promises about the position or the company’s health. Since then, employees have filed a steady stream of claims alleging employer fraud in the hiring process—and many have won multimillion-dollar verdicts. […]