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Compensation & Benefits

DOL offers stock-appraisal guidance for companies that sponsor ESOPs

05/12/2015
The U.S. Department of Labor has developed appraisal guidelines to help employers that sponsor Employee Stock Ownership Plans make informed decisions about legally buying and selling company stock.

New white-collar OT rules could be out soon

05/12/2015
The long-awaited rewrite of federal rules governing overtime pay for salaried executive, administrative and professional employees inched closer to enactment on May 5, when the U.S. Department of Labor forwarded a proposed final version to the Office of Management and Budget, which assesses the fiscal impact of government initiatives.

Supreme Court: King v. Burwell & Obergefell v. Hodges

05/08/2015
The Supreme Court of the United States has ruled that premium tax credits are available to all qualified individuals, regardless of whether they buy health insurance through a state or federal exchange. The ruling leaves intact the employer free-rider penalties in the 34 states that have not established state exchanges. The case is King v. Burwell, No.  12-114.

Take two: Some EPPs get transition relief

05/08/2015
The IRS meant it when it said that all employers, regardless of size, will be liable for a $100 per day, per employee, excise tax if they pay for or reimburse employees who buy individual health insurance either on or off the individual exchange. Sort of. It’s now providing transition relief to certain employers and to certain reimbursement arrangements.

New white-collar OT rules inch closer to release

05/07/2015
The long-awaited rewrite of federal rules governing overtime pay for salaried executive, administrative and professional employees took one step closer to becoming reality on May 5.

What HR needs to know about tracking employee time

05/06/2015
Supervisors and HR pros need to understand what they can and cannot do with time records. Problems can lead to legal disputes under the Fair Labor Standards Act.

Merrill Lynch trainee OT suit could become class action

05/06/2015
Two participants in Merrill Lynch’s management development program are suing the firm, alleging they were not paid for overtime they worked during the intensive training period.

Direct deposit is so 20th Century! Many millennials favor paycards

05/06/2015
Direct deposit was once new and novel. Now, most employees do have their pay deposited directly into their bank accounts, but for others, plastic paycards may be an answer.

House bill would scrap ACA’s ‘Cadillac tax’ on health benefits

05/05/2015
Legislation has been introduced in the House of Representatives to repeal the Affordable Care Act excise tax on high-cost health insurance plans scheduled to go into effect in 2018.

Tax Court: Payments to kids are allowance, not wages

05/04/2015
Summer means kids working in the family business. But beware. The Tax Court tossed a sole proprietor’s effort to deduct as wages payments made to her children. According to the court, there wasn’t any consistent correlation between the hours worked and the amounts recorded as wage payments.