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Compensation & Benefits

Avoid a fine: Let employees know about company stock in 401(k)

11/01/2007

If your organization offers its own stock as an investment option for employees’ 401(k) plans, let them know when they’re eligible to sell it. Last year’s Pension Protection Act says employees who buy company stock with their own contributions can sell it at any time …

IRS delays 409A documentation deadline

11/01/2007

Good news for anyone who’s been scurrying to meet the Dec. 31 deadline to comply with new documentation regs on nonqualified deferred compensation plans: The IRS is giving you another year to put in your 409A paperwork. The new deadline is Dec. 31, 2008 …

Florida pulls $1.3 billion in Iranian, Sudanese investments

11/01/2007

Florida’s public retirement fund will get rid of nearly $1.3 billion in investments with companies doing business in Iran and Sudan, a move state officials hope will prompt similar actions throughout the country. State Sen. Ted Deutch, who sponsored the law, said the state is “telling every one of these companies that from this day forward we won’t invest another dollar, Florida’s public dollars,” in them …

12,000 EDS employees offered early retirement option

11/01/2007

Electronic Data Systems Corp. (EDS), based in Plano, announced that it would offer early retirement to 12,000 eligible U.S. employees. The technology systems management and services company, which has approximately 136,000 employees in 64 countries, is making the offer in order to reduce costs …

Undocumented worker can get back wages

11/01/2007

No doubt, you’ve read about the U.S. Department of Homeland Security’s (DHS) efforts to enforce the nation’s immigration laws by cracking down on employers that hire and employ illegal immigrants. So you might be surprised to learn that a New York state court has ruled that even an illegal immigrant who admits he forged his I-9 documentation and was fired can sue for state wage-law violations …

Hire an illegal immigrant, you can pay for his injuries, too

11/01/2007

Jose Gomez was working on the demolition crew at a building in Flushing, jackhammering a concrete slab, when the work site collapsed. The resulting fall left Gomez a paraplegic. He filed suit for lost wages. That’s when his employers officially noted Gomez was in the country illegally and was not entitled to such benefits …

Time, room for breast-Feeding moms (Maybe a toilet, too)

11/01/2007

An August amendment to the New York Labor Law guarantees time and space for breast-feeding mothers to express milk at work, but stops short of emancipating them from the lowly toilet stall …

Don’t blow off legal papers unless you’re prepared to personally pay back wages

11/01/2007

Does your organization have a process in place for handling legal paperwork? If not, you risk a default judgment that could cost big bucks. If your organization is served with a lawsuit and fails to respond, a court may refuse to let it enter a late defense. And if the organization can’t participate, the court will accept as true everything the employee who is suing says in the complaint …

Beware managers who participate in drive to unionize workers

11/01/2007

When union-organizing efforts target a business, managers usually sit on the sidelines. But managers may have sympathies with either side, and their actions could cause problems for either the employer or the union. Your best bet is to rely on professional negotiators and labor counsel …

Principal says he was fired for questioning pay scales

11/01/2007

Lake Ridge Academy, a private K-12 school in North Ridgeville, has been hit with two lawsuits claiming it fired James Whiteman, head of the elementary school, for inquiring about the differences between female and male teachers’ pay …