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3 Ways To Reduce Workers’ Comp Expenses
Workers’ compensation claims can be incredibly expensive for insurers. At the top end of the spectrum, an amputation can cost an average of $126,033. Even a fracture or dislocation can add up to $62,240. When your workers’ comp claims increase, the insurer passes on...
3 Ways To Reduce Workers’ Comp Expenses
Workers’ compensation claims can be incredibly expensive for insurers. At the top end of the spectrum, an amputation can cost an average of $126,033. Even a fracture or dislocation can add up to $62,240. When your workers’ comp claims increase, the insurer passes on...
TRENDING
Celebrating National 401(k) Day: A Time to Focus on Retirement Savings
National 401(k) Day is the perfect occasion to focus on the importance of retirement savings. Created in 1996 by the Plan Sponsor Council of America, this day is celebrated on the Friday after Labor Day. It encourages businesses and employees to understand the...
Form 5500 Record Keeping Requirements
Under the Department of Labor's (DOL) electronic filing regulations, plan administrators are required to keep a paper copy of the filed Form 5500 report, including schedules and attachments, in the plan's records. The DOL stated a paper copy of the electronic filing...
New Deportation Rule
On June 15, 2012, President Obama announced an Executive Order that allows some undocumented youths to avoid deportation and receive work permits to remain in the United States (U.S.). Students in the U.S. who are in deportation proceedings or those who would have...
Employee Retirement Income Security Act (ERISA) Service Provider Fee Disclosures
Effective July 1, 2012, the final service provider fee disclosure regulations under ERISA Section 408(b)(2) must be met. These ERISA regulations are for both existing and new service arrangements. Under these regulations, Registered Investment Advisers (RIAs) and...
Employment Nondiscrimination Act
On June 12, 2012 the Senate Committee on Health, Education, Labor and Pensions (HELP) held a hearing to discuss the merits of the bipartisan Employment Non-Discrimination Act (ENDA). ENDA would create comprehensive employment based anti-discrimination protections for...
Proposed Federal Minimum Wage Increase
On June 6, 2012, Republican Jesse Jackson introduced the Catching Up to 1968 Act of 2012, a bill to raise the federal Fair Labor Standards Act (FLSA) minimum wage from $7.25 per hour to $10.00 per hour (beginning 60 days after enactment). The Bill also proposes that...
Supreme Court Upholds Individual Health Insurance Mandate
The U.S. Supreme Court announced its much-anticipated decision on the Obama administration’s health care reform law on June 28, 2012, ruling 5-4 that the controversial individual mandate, which requires virtually all Americans to buy health insurance, is...
U.S. Supreme Court Rejects Overtime Claims
U.S. Supreme Court Rejects Overtime Claims in FLSA RulingBy Allen Smith 06/18/12Rejecting the U.S. Department of Labor’s interpretation of Fair Labor Standards Act (FLSA) regulations, the U.S. Supreme Court on June 18, 2012, ruled 5-4 in Christopher v. SmithKline...
EEOC Guide to Arrests and Convictions in Employment Decisions
On April 25, 2012, the U.S. Equal Employment Opportunity Commission (EEOC or Commission) issued its Enforcement Guidance on the Consideration of Arrest and Conviction Records in Employment Decisions Under Title VII of the Civil Rights Act of 1964, as amended, 42...
OSHA Annual Summary Posting Deadline
By February 1, 2012, an employer subject to the Occupational Safety and Health Administration (OSHA) recordkeeping provisions for 300 logs regarding workplace injuries and illnesses must post its 2011 annual summary (Form 300A).
OFCCP Proposal to Improve Job Opportunities for Individuals with Disabilities
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) is proposing a new rule that would require federal contractors and subcontractors to set specific hiring goals regarding employees with disabilities, including a goal for federal...
Social Security and Medicare Tax for 2012
The employer tax rate for social security remains unchanged at 6.2%. On wages paid and tips received before March 1, 2012, the employee tax rate for social security is 4.2%. On wages paid and tips received after February 29, 2012, the employee tax rate for social...
NEP on Recordkeeping
As a reminder, the Occupational Safety and Health Administration (OSHA) launched its “National Emphasis Program (NEP) on Recordkeeping” last year after various studies revealed that many companies were underreporting or incorrectly reporting workplace-related injuries...
Social Security Benefit Increase
On October 19, 2011, the Social Security Administration (SSA) announced the monthly Social Security and Supplemental Security Income (SSI) benefits will increase in 2012. The 3.6 percent cost-of-living adjustment (COLA) will begin with the January 2012 benefit...
OSHA Whistle-Blower Claims
Published in the Federal Register on November 3, 2011, the U.S. Occupational Safety and Health Administration (OSHA) announced Sarbanes-Oxley Act whistle-blower claims may now be filed orally. The final rules revise existing regulations and public comments must be...
IRS Mileage Rate
The Internal Revenue Service (IRS) optional standard mileage rate of 55.5 cents/mile for business miles expires on December 31, 2011. The IRS has not yet announced if the rate will be different in 2012.
OCR Privacy and Security Compliance Audits
The U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR) is responsible for privacy and security enforcement under the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and...
Right to Know Rule
By October 2011, the Wage and Hour Division seeks to issue a proposed rule updating the recordkeeping regulations under the Fair Labor Standards Act (FLSA) in order to enhance the transparency and disclosure to workers of their status. The recordkeeping requirements...
American Jobs Act
On September 12, 2011, President Obama revealed the Jobs Bill that encompasses several employment-related provisions. Some of the provisions offer relief from payroll taxes and provide tax credits for hiring the long-term unemployed individuals and veterans. More...
OSHA’s 2011 Site-Specific Targeting Plan
On September 9, 2011, the Occupational Safety and Health Administration (OSHA) announced its 2011 Site-Specific Targeting (SST) plan, the agency's annual inspection program for general industry establishments with high numbers of injuries and illnesses. This year's...
Executive Order 13495 Final Rule
On August 29, 2011, the Department of Labor's Wage and Hour Division (WHD) issued a final rule to implement President Obama's Executive Order 13495, Nondisplacement of Qualified Workers Under Service Contracts. The Executive Order requires federal contractors and...
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