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Congress recently approved expanded benefits for retirement savings as part of President Bush’s massive tax cut bill. We’ll run down the major changes that will affect employers and employees.
A number of bills that would significantly impact employers are pending in Washington.
For tax years beginning after 2001, a retirement plan can now allow participants who are at least age 50 or older at the end of the plan year to make catch-up contributions to their accounts.
Employees filed a record number of discrimination charges with the U.S. Equal Employment Opportunity Commission this year, according to a report released by the enforcement agency. The 99,947 charges received account for all claims of discrimination based on race, sex, national origin, religion, age and disability, as well as claims filed under the Equal Pay […]
The following is a list of the bestselling hardcover business books as ranked by the Wall Street Journal with data from Nielsen BookScan on May 24. 1.The Big Short: Inside the Doomsday Machine by Michael Lewis. The sequel to #1 best-selling Liar’s Poker examines the issue of who understood the risk inherent in the assumption […]
The following is a list of the bestselling hardcover business books as ranked by the Wall Street Journal with data from Nielsen BookScan on September 20. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by Tom Rath. Are you unsure where your true talents lie? […]
Karla Schikore, a Bank of America employee, resigned and requested a lump-sum payment of her retirement benefits. She swore that she’d mailed the bank a form electing to receive lump-sum benefits more than a year before, as required under the terms of the bank’s retirement plan. Unfortu-nately, the bank said it had never received the […]
California Insurance Commissioner John Garamendi has recommended a 9.5 percent cut for workers’ compensation insurance pure premium rates for policies incepting on or after Jan. 1, 2007. The recommendation far exceeds the 6.3 percent cut recently recommended by the Workers’ Compensation Insurance Rating Bureau (WCIRB).
by Donald M. Harrison Will health care reform affect workers’ comp? Even though the term “workers’ compensation” isn’t mentioned in the bill, I anticipate both direct and indirect effects on workers’ comp. Most of the consequences are unknown at this time and may not be known for several years, but two direct results are already […]
The federal Occupational Safety and Health Administration has issued controversial final ergonomics standards that are tougher than California’s current law. The final federal rule is scheduled to take effect Jan. 16, 2001. California will then have six months to adopt a similar standard.