Tag: benefits

Retirement Benefits: Keeping it SIMPLE; Learn All About This IRA Plan for Small Employers

A SIMPLE IRA Plan Savings Incentive Match Plan for Employees of Small Employers allows employees and employers to contribute to individual employee retirement accounts. As the name implies, it’s a simplified plan geared toward small employers, which means it’s relatively easy to set up and operate, with lower administrative costs than for more complicated types […]

News Notes: High Court Lets Stand San Francisco’s Domestic Partner Benefits Ordinance

The U.S. Supreme Court has declined to review a Ninth Circuit ruling upholding a San Francisco ordinance requiring contractors to provide domestic partner benefits. The case involved S.D. Myers Inc., an Ohio company that was denied a city contract because it refused to provide its employees with domestic partner benefits. The company unsuccessfully charged that […]

Bulletin Item: Workers’ Compensation Reform Bill Signed

With Gov. Schwarzenegger poised to deliver enough voter signatures to place workers’ compensation reform on the November ballot, the Legislature reached a compromise with the governor and passed its own workers’ comp reform legislation—which the governor has now signed into law. The measure (SB 899) is expected to save employers several billion dollars a year […]

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 […]

News Notes: Employers Boosting Work/Life Benefits, Study Finds

A new study by Mellon Financial Corp. reveals that 81 percent of employers offer employee assistance programs, up from 70 percent in 1996, and 54 percent provide family sick days, up from 42 percent. Although only 6 percent of employers offered domestic partner benefits seven years ago, 35 percent of employers do now. The study […]

Bulletin Item: California Supreme Court Says Catholic Group Must Offer Contraception Coverage In Employee Health Plan

The California Supreme Court has ruled that a Catholic charity doesn’t qualify as a “religious employer” and therefore must comply with the Women’s Contraception Equity Act (WCEA) by offering prescription contraception coverage in its employee health plan if it offers prescription drug coverage—even if the organization opposes contraceptives on religious grounds. This ruling could impact […]

Bulletin Item: WCIRB Issues Updated Workers’ Comp Numbers

These new figures lower the benefits cost estimates, based in part on savings from last year’s reforms and AB 749. In other workers’ compensation reform news, Gov. Schwarzenegger continues to press the assembly for action by threatening a January ballot initiative to take the issue of workers’ comp reform to the voters.

Bulletin Item: New Cash Balance Regulations Proposed By The Treasury Department

The proposal would protect older workers during cash balance conversions by, among other measures, imposing a five-year hold harmless period. During this period the benefits earned by any employee would have to be at least as valuable as benefits under a traditional plan. The new regulations would also provide that cash balance plans do not […]