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October Corporate Pension Funding Levels Slip but Stay Above Record Low

Funding gains by U.S. corporate pension plans in September were erased in October, according to data Mercer Investment Consulting Inc. released Nov. 5.  Mercer reports that the aggregate deficit in pension plans S&P 1500 companies sponsored increased by $26 billion during the latest month, to $619 billion. This deficit corresponds to an aggregate funded ratio […]

Michigan Firm Wins Reprieve From Contraceptive Mandate

In other legal action over health reform’s inclusion of reproductive services as mandated benefits, one company blocked the government from forcing it to include contraception coverage in its health plan coverage. The injunction in Legatus v. Sebelius, 2012 WL 5359630 (E.D. Mich., Oct. 31, 2012) was at the request of Weingartz Supply, a for-profit outdoor […]

News Notes: Hastily Drawn Settlement Agreement Amounts To Expensive Mistake

Orange-based Bergen Brunswig Corp. dashed off a settlement offer to its former president, Donald Roden, to resolve a wrongful-discharge lawsuit. Theoffer stated only that Roden would receive a $5 million lump sum plus attorney’s fees, and his retirement and other benefits would be continued. After Roden signed the agreement, Bergen Brunswig claimed it had intended for Roden’s […]

Taxes: New Law Requires Earned Income Tax Credit Notice to Employees

A new law that goes into effect on Jan. 1, 2008, requires employers to provide a new notice to employees, along with annual wage summaries (such as W-2 or 1099 forms). The measure, A.B. 650, requires all California employers to give all employees written notice of employees’ possible right to take an Earned Income Tax […]

Digital Danger: Prevention Starts with Policies

Note: There is no E-pinion today as we’ve reorganized the week a bit to deal with the holiday. Bob Brady will return next Friday with an E-pinion on how to handle pay increases for new employees who do outstanding jobs. As we saw in yesterday’s Advisor, new technology has generated a string of issues in […]

News Notes: OSHA Issues Reminder that Teens Can’t Drive Forklifts

The federal Occupational Safety and Health Administration (OSHA) has released a new bulletin reminding employers that most workers under age 18 are prohibited from operating forklifts for nonagricultural operations. Plus, says OSHA, workers over 18 must be properly trained and certified before driving forklifts in the workplace. Note that Cal-OSHA also prohibits teens from driving […]

Tap Into Generational IT Insight

M. Lee Smith Publishers’ President Dan Oswald comments on the generational divide that most companies are experiencing in relation to technology and offers five tips for how employers can harness the know-how and insight of their younger employees. I recently handed a newspaper column written by Financial Times columnist Luke Johnson to my 18-year old […]