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The Pension Benefit Guaranty Corporation (PBGC) Fiscal Year 2017 Annual Report, released on November 16, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier.
Retirement plan compliance priorities for Fiscal Year 2018 released September 28 by the Internal Revenue Service (IRS) indicated the agency’s Employee Plans (EP) unit will emphasize analyzing plan failure trends, refine outreach, and other communications about noncompliance, and enhance its knowledge management program. In an era of doing more with less, the IRS has shifted […]
Some see Harvey Weinstein’s ousting from a popular position in public opinion as a watershed moment for fighting sexual harassment. Here at the HR Daily Advisor we are no strangers to accounts like those of victims that have swept the presses recently. Indeed, sexual harassment is at least as old as Hollywood itself – but […]
A movie mogul acknowledges sexual harassment, attempts to shrug it off, and is ousted from the company that bears his name. The behavior is not new – indeed, it is as old as Hollywood itself – but the swift reaction to it is.
By Susan Schoenfeld Yesterday we explored how the Office of Federal Contract Compliance Programs (OFCCP) has been taking a hard stance on hiring and pay discrimination cases. Today, we’ll learn the takeaway from all of those cases. Lessons Learned In addition to highlighting OFCCP’s concentrated focus on systemic hiring and compensation issues, these recent cases […]
Yesterday we explored how hiring and pay discrimination is a major focus for the Office of Federal Contract Compliance Programs (OFCCP). Today, we’ll learn what it means. By Susan Schoenfeld Lessons Learned In addition to highlighting OFCCP’s concentrated focus on systemic hiring and compensation issues, these recent cases (check out yesterday’s Advisor to learn about […]
The Pension Benefit Guaranty Corporation (PBGC) recently released its annual report for fiscal year (FY) 2015. The report shows the agency paid $5.7 billion to more than 800,000 people in failed pension plans, which is comparable to the payments PBGC made in FY 2014.
The projected insolvency date for the insurance program for multiemployer pension plans, which cover more than 10 million Americans, has been delayed by 3 years, according to the FY 2014 Projections Report recently released by the Pension Benefit Guaranty Corporation (PBGC).
Do you know how to avoid the most common pitfalls in the Occupational Safety and Health Administration (OSHA) compliance—the Top 10 Most Frequently Cited Standards? The first step is proper training
Collective wage/hour suits can turn relatively small and inexpensive problems into very large and very expensive ones, but there may be a technique that makes the collective action moot, says Attorney Deanna Brinkerhoff. In Genesis Healthcare Corp. v. Symczyk, the U.S. Supreme Court ruled that, at least in this case, action by the employer to […]