Tag: incentives

News Notes: Chevron Employees Duped Into Retiring Early Entitled To Back Pay

A federal court in San Francisco has ruled that a group of Chevron employees who retired just before the company announced a lucrative early retirement buyout package are entitled to recover the additional money they would have received had they delayed retirement until after the new incentives were unveiled. The court found that Chevron actively […]

News Notes: Federal Court Defines Duty To Notify Employees About Proposed Benefit Plan Changes

We reported in April on a federal court decision from Kentucky involving IBM which held that under federal law, if you’re seriously considering changes to a retirement benefit plan, you must tell your employees. Now, in a pair of new cases, the federal Ninth Circuit Court of Appeal has reached the same conclusion, explaining that […]

Terminating Employees: New Legislation Protects Higher-Paid Older Workers; How To Cut Costs Without Breaking The Law

In a controversial ruling two years ago, a California Court of Appeal ruled that you could discharge high-earning employees over age 40 and replace them with lower-paid workers if your motivation was simply to save money. Labor organizations have sought to overturn the decision ever since, and now Governor Davis has signed legislation that does […]

News Notes: Clinton Makes Push For Workplace Child Care

President Clinton’s sweeping $21.7 billion child care initiative includes $500 million in tax incentives to encourage employers to provide more employer-sponsored child care. Under the plan, which is still subject to Congressional approval, employers would get a 25% tax credit for building or expanding child care facilities. Several other bills are pending in Congress which […]