On Wednesday, April 6, the U.S. Department of Labor (DOL) released a final rule expanding the number of persons that are subject to fiduciary standards when they provide retirement investment advice, including exemptions that would allow advisers to continue to receive payments that could create conflicts of interest if certain conditions are met. Background Federal … Continue reading DOL Issues Final ‘Fiduciary’ Definition and Rules
An executive order has been drafted forcing any company that contracts with the federal government, contractors or subcontractors, to issue seven (7) days (56 hours) of paid leave to employees who are sick, are seeking medical attention, or need to care for a sick relative. The draft order would affect potentially hundreds of thousands of … Continue reading Mandated Paid Sick Leave Executive Order Drafted
According to an IRS official, employers need to be sure they are offering affordable, minimum-value coverage to at least 98% of the employees on whom they report under the Affordable Care Act on a monthly basis, rather than a yearly average, in order to use simplified reporting rules. Employers that have part-time employees close to … Continue reading IRS: Affordable Care Act Simplified Reporting Must Be Met Each Month
On July 24, 2014, the Internal Revenue Service (IRS) released drafts of the forms that large employers will be required to file in order to show that the health coverage they offer to their employees complies with the Affordable Care Act (ACA) “shared responsibility” mandate. What is the employer’s shared responsibility mandate? For 2015 and … Continue reading IRS Released Affordable Care Act Draft Forms
A pat on the back, a kiss on the cheek, or a hug may seem harmless, but can easily escalate to sexual harassment. While most workers know the rules about inappropriate or offensive touching in the workplace, many people don’t think twice about other forms of physical contact with co-workers like handshakes or rubbing someone’s … Continue reading Is “Inappropriate Touching” Sexual Harassment?
The Equal Pay Act amended the Fair Labor Standards Act (FLSA). The act prohibits paying lower wages to one sex than the other for jobs that are similar in terms of: Skill Effort Responsibility Working Conditions Differentials in compensation are allowed under the following circumstances: Seniority systems Merit systems System based on quantity or quality … Continue reading Equal Pay Act (1963)