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Compensation & Benefits

Better late than never: 2013 inflation adjustments issued

02/22/2013
Well, it took the IRS long enough, but it finally released the official inflation-adjusted figures for 2013. Here’s the roundup.

TD Bank equalizes taxes for domestic partners

02/21/2013
Starting this year, TD Bank is offsetting the additional federal and state taxes that its lesbian, gay, bisexual and transgendered (LGBT) employees pay for domestic-partner benefits compared with heterosexual married couples.

Ameriprise faces claims it cheated its own employees

02/20/2013
Participants in Ameriprise’s 401(k) plan are suing the investment firm, claiming it operated the retirement program for its own benefit, not its employees and retirees.

Some HRAs and FSAs must pay ACA research fees, too

02/20/2013
We reported last month that traditional health plans must pay a new $1 per insured fee to fund medical research. Now the Feds say the fees also apply to some health reimbursement arrangements and flexible spending accounts.

N.J. employer groups make commitment to improve wellness

02/15/2013
The New Jersey Health Care Quality Institute, the New Jersey Business and Industry Association and the New Jersey State Chamber of Commerce have joined state officials to ask businesses to join New Jersey’s  “Workplace Wellness Campaign.”

How do you track hours worked for nonexempts?

02/13/2013
Despite plenty of new high-tech options, good old-fashioned paper time sheets remain the most popular way to record how many hours employees work, according to a recent HR Specialist poll.

Compensation & benefits: 5 smart changes for 2013

02/08/2013
Smart comp and benefits pros are resolving to make 2013 a year of thoughtful, deliberate change. Here are five important resolutions to consider.

Long Island restaurants can’t duck fair pay

02/07/2013
A chain of three Long Island Asian restaurants will pay more than $1 million in back wages and penalties to 255 current and former employees who were underpaid.

How to create a valid severance agreement: Sweeten the pot above and beyond the usual

02/07/2013
To prevent lawsuits over layoffs, employers often offer a severance agreement that requires the employee to waive the right to sue. When those agreements involve older workers, they have to meet very specific legal requirements.

‘Fiscal cliff’ law bumps up education, commuter benefits

02/07/2013
In the waning hours of New Year’s Day, Congress passed a bill averting a plunge off the “fiscal cliff,” setting 2013 tax rates—and providing an unexpected boost for employee training and commuter subsidies.