Government Employees in Brevard County, Florida, Stockpile Unused Leave Time
Excerpt: "Comprehensive figures are difficult to come by because every government agency's rules and payroll data are different, but a FLORIDA TODAY analysis of records from Brevard County and three of its biggest cities show they owe at least $28 mil.lion worth of unpaid leave time -- and counting."
Companies Examine Health Care Law's Effect on Employee Coverage
Excerpt: "While it's too early to proclaim the demise of job-based coverage, corporate number crunchers are looking at options that could lead to major changes. 'The economics of dropping existing coverage is about to become very attractive to many employers, both public and private,' said Gov. Phil Bredesen, D-Tenn."
(FOX News Network, LLC)
Benefits in General; Executive Compensation
Federal Appeals Court Rules Employers Need Not Reimburse H-2B Workers' Immigration-Related Expenses
Excerpt: "Although this decision is binding precedent in the Fifth Circuit (which has jurisdiction over Louisiana, Mississippi, and Texas), insofar as the decision may conflict with both the Eleventh Circuit (having jurisdiction over Alabama, Florida, and Georgia) and the DOL's recent interpretation, employers outside the Fifth Circuit should tread carefully with respect to reimbursing H-2B workers for visa, travel, and recruitment expenses where their failure to do so would effectively bring employees' wage below the federal minimum."
(Jackson Lewis LLP)
New Form 5500 FAQs Address Reportable Compensation for Schedule C Purposes
Excerpt: "EBIA Comment: Very few ERISA plans have plan employees or individual trustees (of the sort apparently envisioned by Q28). However, for those multiemployer plans or large single employer plans that do, these new FAQs clarify Schedule C's broad definition of 'compensation,' under which even reimbursements for properly incurred expenses must be included (provided the otherwise applicable thresholds for reporting trustee or employee compensation are met)."
(Employee Benefits Institute of America)
2010 Information Reporting Program Advisory Committee Public Report
Excerpt: "The purpose of IRPAC is to provide recommendations to the IRS for the continued improvement of the tax information reporting program. IRPAC provides a public forum for the IRS to meet on a regular basis with tax professionals engaged in both the production and use of tax information returns to discuss issues and to work in partnership to develop solutions."
(U.S. Internal Revenue Service)
How to Keep Your Star Employees
Excerpt: "Even if money isn't the best motivator, it still talks. To make a smaller bonus pool go further, fine-tune your timing. Rewards handed out at tough times can have a major impact. It's also smart to rethink your selection process. More companies are paying bonuses to those with hard-to-replace skills instead of just top performers, says Hay Group comp expert Tom McMullen."
As Work Force Changes, Many Misclassified Workers Miss Out on Benefits
Excerpt: "Hiring independent contractors instead of employees can save a company about 35 percent in benefits and taxes . . . . But those savings can evaporate if the company is found to have misclassified those workers because of penalties and lawsuits, among other actions."
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