‘Bag Check’ Settlements Have Lessons for California Employers
Several California employers have in recent weeks shelled out millions of dollars to settle claims that their employees should have been paid for time spent waiting for security checks.
Category: Benefits and Compensation
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
Transitioning Employees to Retirees
If you’re like many employers and have Baby Boomers in your workforce, you may be thinking about how you’re going to replace all that organizational knowledge as they retire. If that’s what’s on your mind, then it’s time to dust off that succession plan and get busy capturing all that knowledge. This article, however, is […]
EEOC Seeks Enhanced Damages for Age Discrimination in Benefits Calculations
by Kevin C. McCormick, JD, Whiteford, Taylor & Preston LLP In a significant decision, The U.S. district court in Baltimore declined to award the Equal Employment Opportunity Commission (EEOC) retroactive or prospective monetary relief in an age discrimination case in which the agency claimed that Baltimore County had improperly calculated pension fund contributions.
Study: One-on-One Consultation Important During Benefits Education
Open enrollment is an opportune time to educate employees on the traditional and voluntary benefits available to them, and a recent survey suggests that this type of education is needed.
PBGC and Alcoa Inc. Reach Agreement on $150 Million in Additional Pension Funding
The Pension Benefit Guaranty Corporation (PBGC) has reached an agreement with Alcoa Inc. to provide an additional $150 million in pension contributions to the company’s two largest pension plans, which cover more than 83,000 people.
Millennials Are All About the Benefits—But the Details? Not So Much
Millennials now represent the largest segment of the U.S. labor force, and they have strong feelings about the compensation and other benefits they expect their employers to offer.
Premium Pay for Holidays a Popular Benefit, SHRM Says
More than half of employers provide employees with premium pay when they work holidays, a recent Society for Human Resource Management (SHRM) survey found.
As DOL Steps Up Health Plan Audits, Preparation and Documentation Are Critical
As the U.S. Department of Labor’s (DOL) benefits portfolio has swollen with the implementation of healthcare reform, wellness rules, and other mandates, the agency’s health plan audits have become more frequent, comprehensive, and fraught with pitfalls for plan sponsors and fiduciaries.
The Complex Intersection of Medicare and COBRA: Some Helpful Guidelines
Remember those old Reese’s peanut butter cup commercials? Chocolate and peanut butter … two great tastes that taste great together.
Social Security Wage Base Limit Raised to $127,200
The maximum wage base for Social Security tax will be $127,200 in 2017, up from $118,500 in 2016, the U.S. Social Security Administration (SSA) announced October 18.