As surely as the word “layoffs” have become part of nervous break room conversations in companies across the country, enterprising employers have sought out creative alternatives to the standard layoff regime of cost-cutting. Using tactics such as hiring freezes, offers of unpaid leave, shortened workweeks, and even pay cuts, employers may be able to avoid […]
Tag: Employee Benefits
In a major ruling, the First U.S. Circuit Court of Appeals held that employees who retire and receive lump-sum distributions from their company’s defined-contribution plan, such as a 401(k), have the right to sue the administrators of the plan if they don’t believe their moneys were managed wisely. As our population ages and our economy […]
(Update May 26, 2009 – California Supreme Court rules that same-sex marriage ban — Proposition 8 — passed by voters in November 2008 is legal but 18,000 same-sex marriages performed before the ban was approved are valid.) A recent decision by the California Supreme Court on same-sex marriage may have implications for employers in other […]
by Kara Shea We’ve received many questions lately from employers facing tremendous pressure to reduce their operating expenses. Some proposed cost-cutting efforts implicate various employment laws. Since things may get worse before they get better, I’m undertaking a series of articles to address some of the issues you may encounter in the months ahead. I’ll […]
by Gary Jiles Q. How do I go about starting a 401(k) plan for my employees, and what are some of the general requirements? Keep up with the latest changes in laws regarding employee benefits with the Benefits and Compensation Law Alert. A. Choosing to offer a 401(k) retirement savings plan for your employees is […]
The U.S. Department of Labor (DOL) has issued a proposed regulation for assessing fines against plan administrators who fail to disclose certain documents to participants, beneficiaries, and others as required by the Pension Protection Act (PPA), which amended the Employee Retirement Income Security Act.
by Mark I Schickman “Google” has already become a popular verb, meaning to research a name through Internet sources. The word is about to get a secondary meaning: “to provide wall-to-wall perks to company employees.” Largely because of those broad and unusual employee benefits, Google has taken a lock on the top slot on Fortune […]