Benefit compliance

With President Barack Obama’s federal overtime-pay overhaul likely to die either in court or under Republican Donald Trump, some legislators are trying to replicate it at the state level.

As if the start-again, stop-again saga with the U.S. Department of Labor’s rules increasing the minimum salary threshold for exempt workers wasn’t confusing enough, one state has changed its own rules.

The orders will strengthen equal pay protections in New York by prohibiting all state agencies and departments from evaluating candidates based on prior salary.

The organizations did not breach fiduciary duty by offering high-cost mutual funds, judge rules.

Identity theft insurance, financial counseling services, tuition assistance, elder care and egg freezing all are benefits that will continue to rise in popularity, predicts Purchasing Power’s Elizabeth Halkos.

Donald Trump promised voters an immediate repeal of the Affordable Care Act, but Republicans in Congress likely won’t have a bill ready for him on Day One.

The end of 2016 is a good time to review and consider a subtle shift in employment law which appears to be gaining momentum.

Before Obamacare is repealed or replaced, benefit advisers must be aware of the rules that are still in place, advises Jenny Riley of Hodges-Mace.

Consultants Keith Clark and Adam Pozek debate if 3(16) services add value to plan sponsors.

Plan sponsors should consider going beyond ERISA’s bare-bones requirements for plan document requests and make it a practice to also provide a cover letter, containing certain specific information.