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News Flash: Employer Jailed Following Investigation Of Pension Plan

Russell Crawford, the former owner of Valley Building Materials in Canoga Park, was ordered to spend six months in jail plus 10 months of home confinement for embezzling more than $700,000 from employee pension plans. Following a joint investigation by the U.S. Department of Labor and the FBI, Crawford reportedly admitted draining the company’s profit […]

Hot List: Bestselling “Business Life” books on Amazon.com

Amazon.com updates its list of the bestselling books every hour. Here is a snapshot of what is hot right now, this Monday morning, December 14, in the “Business Life” section of the “Business and Investing” category. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by […]

Wage and Hour: Hourly Rate Going Up for Exempt Computer Software Pros

Under California wage and hour law, computer software professionals can qualify for overtime exemption if they meet certain duties requirements and are paid a specified hourly rate, set annually based on inflation rates by the state Department of Industrial Relations. On Jan. 1, 2007, the minimum hourly rate for exempt computer software professionals will be […]

Should Everyone’s Pay Be Published? Our Readers Talk Back

By BLR Founder and CEO Bob Brady When BLR’s CEO came out against proposed laws making salaries public after the recent U.S. Supreme Court case on the matter, readers reacted strongly … in both directions. Recently, I used this space to agree with a U.S. Supreme Court decision that discrimination in pay cases cannot be […]

‘Through’ Fund Strategy May Serve Near-retirees Best, Vanguard Says

While most U.S. retirement plan participants age 60 or older move their assets out of employer plans within five years of leaving a company, they often don’t touch the funds for years after that, a new report by money manager Vanguard found. As a result, Vanguard suggests to plan sponsors, this tendency of older terminated […]

Health Reform Action to Correct 30-hour week Unlikely Before 2015

Congressional aides from both chambers of Congress and both parties said they do not expect immediate action on changing health care reform’s 30-hour a week definition of a full-time workers, or on banning “skinny” health plans that do not cover major categories of health benefits. The staffers predicted that even if enrollment is lower than […]

News Flash: Federal Court Orders Employer To Stop Requiring Employees To Sign Arbitration Agreements

The controversy over the use of mandatory arbitration for employment disputes continues as federal and state courts send contradictory signals to employers. While the California Supreme Court recently OK’d the use of mandatory arbitration, the federal Ninth Circuit Court of Appeals has said that for some types of claims, such as age or race bias, […]