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The Latest Compensation News
The year 2016 was a banner year for mental health parity enforcement, the U.S. Department of Labor (DOL) reported. The agency’s growing efforts to bring group health plans into line with the Mental Health Parity and Addiction Equity Act (MHPAEA) were summarized in a recent DOL release.
The U.S. Department of Labor (DOL), in late December 2016, issued an information letter that indicated employer plan sponsors are entitled to use lifetime income products as a part of a prudent qualified default investment alternative (QDIA), even if the products contain certain liquidity and transferability restrictions.
Following his inauguration Friday, President Trump signed his first round of executive orders, including one directing federal agencies to ease enforcement of some Affordable Care Act (ACA) requirements.
The U.S. Department of Labor (DOL) released the second set of frequently asked questions (FAQs) for retirement plan professionals on the agency’s complex new fiduciary rule just days before the end of the Obama administration in an effort to answer plan practitioners’ questions about how the rule draws lines between fiduciary and nonfiduciary communications, education, and advice.
Car dealership “service advisors” are entitled to overtime pay, even though the regulations granting them overtime are not entitled to deference, the 9th U.S. Circuit Court of Appeals has ruled.
The U.S. Department of Labor (DOL) is suing the fiduciaries of a Vermont employee stock ownership plan (ESOP) for violations of the Employee Retirement Income Security Act (ERISA), alleging that First Bankers Trust Services, Inc.’s 2011 purchase of a company on behalf of the ESOP from its two previous owners caused the plan to suffer sizable financial losses.
On January 20, 2017, Donald J. Trump will be sworn in as the 45th President of the United States. Employers have been carefully monitoring the transition to get a sense of how the incoming administration will approach labor and employment issues that affect federal contractors as well as how the Obama administration is handling its last days at the Office of Federal Contract Compliance Programs (OFCCP). Here’s what we know so far, and what we expect in the coming days.
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