The OFCCP said it has been unable to secure a fair resolution from Cargill to pay back wages and interest to the rejected job applicants and to extend job offers to at least 167of the affected workers.
Changes in the maximum benefit guarantee, which will increase 3.4 percent next year, are linked to wage inflation.
Amid steadily rising costs, employers, especially larger organizations, continue to take action to try to hold down cost increases to more manageable levels, according to the Mercer survey.Read More
How do we effectively measure the value that our human capital contributes toward bottom-line results? Other than turnover, absence rates, etc., are there more meaningful metrics that shed light on the direct dollar effect that our employees have?
—No Line of Sight, general manager of human resources, automotive, Karachi, PakistanRead More
As was the case in the prior fiscal year, the Pension Benefit Guaranty Fund did not incur any multibillion-dollar losses in fiscal 2011.Read More
Nearly 96 percent of participants enrolled in target-date funds in 2007 were still using them in 2009. And because more target-date fund products are in the marketplace, expenses are dropping. Despite their popularity and lower prices, target-date funds have their critics.
Target-date funds employ a mix of stocks and bonds that are put on a set glide path.Read More
Worker and employer contributions to a 401(k) plan are capped at $49,000 or 100 percent of a worker's pay, whichever is lower, under the current federal tax code.Read More
The consultancy attributed the funding improvement to an 11 percent gain in equity values in October, partially offset by a decrease in corporate bond yields.
The proposal would create a pension plan with elements of defined benefit and defined contribution plans and would also raise the retirement age for new state and local government employees to 67.Read More