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Retirement Savings Options for Self-Employed and Small Businesses
Payroll Deduction IRAs Even if an employer does not want to adopt a retirement plan, the employer can allow its employees to contribute to an IRA through payroll deductions, providing a simple and...
View ArticleEmployers Spend $28.89 per Hour for Employee Compensation in Dec. 2012
Compensation data for December 2012 shows that private industry employers spent an average of $28.89 per hour worked for total employee compensation, the U.S. Bureau of Labor Statistics reported. Wages...
View ArticlePBGC Sues the Renco Group for $97 Million in Pension Liabilities
The Pension Benefit Guaranty Corporation has filed a lawsuit seeking $97 million from The Renco Group Inc. and its affiliates for attempting to evade their pension obligations. The New York-based...
View ArticleIRS Raises 401(k) and Profit-Sharing Plan Contribution Limits
The IRS has raised the annual limit on contributions to 401(k) plans to $17,500 from $17,000. For both traditional and Roth IRAs, the annual contribution limit rises to $5,500 from $5,000. According to...
View ArticleSave For Retirement and Earn IRS Special Tax Credit
According to the Internal Revenue Service IRS, low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead. The saver’s credit...
View Article10 Common Causes of Errors in Pension Calculation
• All relevant compensation, such as commissions, overtime, and bonuses, if these were included in the plan, was not included in calculating pension benefits. • The calculation was not based on all...
View ArticleEmployee Compensation: Employer Cost Averages $30.80 per Hour in September
Employer costs for employee compensation averaged $30.80 per hour worked in September 2012, the U.S. Bureau of Labor Statistics reported. Wages and salaries averaged $21.32 per hour worked and...
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Target Date Retirement Funds- An Overview
Investing for retirement can be complex. When deciding where to invest, you may need to make a variety of decisions, including how to balance the risk of losing money with the desire to increase your...
View Article10 Ways to Prepare for Retirement
Financial security in retirement doesn’t just happen. It takes planning and commitment and, yes, money. Here are some facts: Fewer than half of Americans have calculated how much they need to save for...
View ArticleSavings Tips for New Employees
1. Find the money and get started Take a look at what you’re earning and how much you’re spending. Put together a budget, and find some money to put into savings. Some ideas are: • Take your lunch,...
View Article27 Medical Professionals, Including 16 Doctors, Charged with Health Care Fraud
Attorney General Eric Holder and Department of Health and Human Services HHS Secretary Kathleen Sebelius has announced that a nationwide takedown by Medicare Fraud Strike Force operations in six cities...
View ArticleFinal Rule Allows Digital X-Rays in Black Lung Claims
The U.S. Department of Labor’s Office of Workers’ Compensation Programs has announced a final rule adopting standards for administering and interpreting digital radiographs for the Federal Black Lung...
View ArticleTerryberry Unveils Major Upgrades to GIVE A WOW Platform
Terryberry, a leading provider of employee recognition solutions worldwide, today announces a major upgrade to their social media style employee recognition platform Give a WOW. Among the significant...
View ArticleFeatured Occupation of the Week- Human Resources Specialists and Labor...
Quick Facts: Human Resources Specialists and Labor Relations Specialists 2012 Median Pay $55,640 per year $26.75 per hour Entry-Level Education Bachelor’s degree Work Experience in a Related...
View ArticleNew PayScale Report Warns Businesses They May Lose Top Talent
PayScale, Inc. – the leader in cloud compensation data and software for businesses and individuals – released the 2014 Compensation Best Practices Report. Based on data from more than 4,700 survey...
View ArticleUnemployment Benefits Support Economic Growth- Study Finds
In a 2011 study, the CBO found that increasing aid to the unemployed is among the policies that would have “the largest effects on output and employment per dollar of budgetary cost” CBO 2011. Since...
View ArticleDOL’s Short-Time Compensation Tool Design to Avert Employee Layoffs
The U.S. Department of Labor announced a new online resource that provides guidance and information to states interested in developing or improving short-time compensation programs, also known as...
View ArticleIRS announces COLA for 2014 Pension Plan Limitations
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as...
View ArticleTying Energy Efficiency to Compensation and Performance Reviews
Last year, commercial and industrial buildings used roughly 50% of the energy in the U.S. economy at a cost of over $400 billion. These buildings and operations can be made much more efficient using a...
View ArticleNew Report Examines CEO Realizable Pay, an Emerging Concept in Executive...
Equilar, the leader in executive compensation bench-marking and governance research, released a study analyzing CEO Realizable Pay in the S&P 500. The Realizable Pay calculation continues to grow...
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