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First Union Corp. has agreed to pay a whopping $26 million to current and former employees to settle two lawsuits accusing the bank of forcing workers to invest their 401(k) retirement savings in poorly performing mutual funds. The employees charged that First Union included second-rate investment funds in its in-house 401(k) plan and then used […]
Think your posting area for legally required employee notifications is crowded? Well, it’s about to get a little more so.
By BLR Founder and CEO Bob Brady Whatever you felt about it, the Patient Protection and Affordable Care Act—arguably the most far-reaching piece of social legislation in the last several decades—is now law. Employers around the country—including BLR—are scrambling to figure out what the upcoming changes mean. It’s a huge challenge because federal regulators haven’t […]
As we reported in an earlier article, the government recently released new privacy regulations under the Health Insurance Portability and Accountability Act (HIPAA). As the April 14, 2003, compliance deadline approaches, the U.S. Department of Health and Human Services has issued guidance (available on our website), including frequently asked questions, explaining significant aspects of the […]
For the first time in over 25 years, the U.S. Department of Labor has issued proposed rules overhauling the system for determining which employees are exempt from overtime under the federal Fair Labor Standards Act. The proposed rules change the types of job duties workers must perform to qualify for exemption from overtime as well […]
The California Franchise Tax Board has announced state tax benefits for businesses and employees who aid Hurricane Katrina relief efforts by donating the cash value of employee leave time. The program–which mirrors a similar federal IRS program announced last week–allows workers to donate unused sick, vacation, or other personal leave time in exchange for the […]
Employees can now use the Internet to file health and safety complaints, thanks to a new Fed/OSHA Web site focusing on workers’ rights. The new electronic complaint filing system, which makes it easier for employees to air their grievances, could bring a flood of new workplace investigations since the agency says that it will forward […]
by By J. Robert Brame, McGuireWoods, LLP U.S. Supreme Court Justice John Paul Stevens has announced he will retire at the end of the current Court session in June or July. Stevens, who turns 90 on April 20 and is the longest-serving member of the current Court, had hinted that a decision on retirement might […]
Discrimination lawsuits doubled between 1992 and 1996, according to a new report from the U.S. Courts’ Administrative Office. And the problem is likely to get worse. In May, we reported that employers paid record amounts to the Equal Employment Opportunity Commission (EEOC) over the last few years. Now top EEOC lawyers have promised to step […]