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GAO: Pension Lump Sum Offers Need Better Explanations
Since 2012, a number of large defined benefit pension plan sponsors have given selected participants a limited-time option of receiving their retirement benefits in the form of a lump sum. Although sponsors' decisions to make certain lump sum “window” offers is permissible by law, “questions have been raised about participants' understanding of the financial tradeoffs associated with their choice,” states a 2015 report from the Government Accountability Office.
 
Federal Contractor 'Blacklisting’ Executive Order Blasted on Hill
The “blacklisting” executive order (E.O.) is “completely unworkable in the real world,” Willis Goldsmith, an attorney with Jones Day in New York City, said in written testimony on behalf of the U.S. Chamber of Commerce before a joint meeting of the House Subcommittee on Workforce Protections and House Subcommittee on Health, Employment, Labor and Pensions on

More Employers Hiring Older Workers, Survey Finds
Over half of workers (54 percent) nearing retirement age plan to continue working after retiring from their current career, up from 45 percent only one year ago.

Calif. Hospital Violence Prevention Draft Regulation Released
The California Division of Occupational Safety and Health (Cal/OSHA) released draft language for a workplace violence prevention regulation for health care workers.
 
 
 

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