The insurance program for multiemployer pension plans, which covers more than 10 million Americans, is likely to run out of money by the end of 2025, according to the Pension Benefit Guaranty Corporation’s FY 2016 Projections Report and a recent PBCG press release.
Tag: President Donald Trump
Whether you agree with him or not, one thing’s for sure: With President Donald Trump, there is never a dull moment! This edition of HR Strange But True is not meant to be a one-sided political discussion. It’s simply an example of how costly employee turnover can be, and with the latest hiring and firing—at […]
The new immigration bill President Donald Trump touts as a way to “restore our competitive edge in the 21st century” calls for cutting immigration levels in half over a decade and creating a system that favors highly educated and skilled immigrants with English ability over those with family in the United States.
by Michele L. (Warnock) Brott Not long ago, I wrote a rather lofty theoretical analysis about the notion of “constructive discharge,” or the legally frowned-upon practice of forcing employees to quit instead of firing them. I never expected a real-life threat of constructive discharge to erupt on the national stage. But, voilà! The very public […]
The Accountability Through Electronic Verification Act is a bill that has been introduced in Congress in early 2017[i]. It has not yet gone past the introductory stage and has been referred to the Committee on the Judiciary for further assessment. It is unknown whether it will progress further or not at this point. No votes […]
by Michael P. Maslanka Wow, talk about a week full of “breaking news” with President Donald Trump (a la his role in The Apprentice) telling FBI Director James Comey, “You’re fired.” To recap: Comey was fired in the midst of the FBI’s investigation into whether Trump’s presidential campaign colluded with the Russians to rig the […]
The U.S. Department of Labor (DOL) on February 9 filed a notice delaying the April 10 applicability date of its rule broadening the definition of a fiduciary. The move was expected after President Donald Trump on February 3 signed a memorandum requesting the agency to postpone and re-examine the rule on investment advice.
by Judith E. Kramer and Sean D. Lee With the election of Donald Trump, there is no question that there will be upheaval in many areas of the law. Even in the discrete area of labor and employment law, the prognostications could fill many blog posts. In this article, we focus on the employment-related Executive […]
Employers can expect some relief from federal requirements under the Trump administration, especially those put in place under President Obama. New pay reporting requirements and the overtime rules almost certainly are doomed, as are new requirements for contractors, attorneys from Fortney & Scott predicted during a recent webinar. On the other hand, employers are likely […]