May 26, 2009

U.S. Department of Labor’s ERISA Advisory Council to hold opening meeting for 2009

Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will meet June 11 in Washington at the U.S. Department of Labor, 200 Constitution Avenue N.W., Room S-2508.

May 26, 2009

U.S. Labor Department obtains judgment appointing independent fiduciary to oversee abandoned 401(k) plan of defunct Minneapolis employer

Minneapolis – The U.S. Department of Labor has obtained a consent order and judgment appointing Midwest Fiduciary Services as an independent fiduciary to distribute the assets of the abandoned Nat Joseph Catering Inc. 401(k) plan to eligible participants and beneficiaries.

May 22, 2009

Minimum wage increases 50 cents per hour in American Samoa and Commonwealth of the Northern Mariana Islands

New minimum rates become effective this month

WASHINGTON — The federal minimum wage will increase for employees in American Samoa and the Commonwealth of the Northern Mariana Islands (CNMI), effective May 25 and May 26 respectively. With the increase, the new minimum wage rates in American Samoa, which vary by industry, will range from $4.18 for garment manufacturing to $5.59 for certain types of shipping and transportation. Employees who work in the CNMI can expect to receive $4.55 per hour.

May 22, 2009

U.S. Labor Department and SEC to hold hearing on target date funds and similar investment options

Washington — The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Securities and Exchange Commission (SEC) today announced a joint public hearing on June 18, 2009, to hear testimony on the investment of 401(k) and other retirement plans in target date type plans. The hearing will begin at 9:00 a.m. in the department’s auditorium, 200 Constitution Avenue, NW in Washington, DC.

May 21, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending May 16, the advance figure for seasonally adjusted initial claims was 631,000, a decrease of 12,000 from the previous week's revised figure of 643,000. The 4-week moving average was 628,500, a decrease of 3,500 from the previous week's revised average of 632,000.

May 21, 2009

U.S. Department of Labor wins 9th straight Certificate of Excellence in Accountability Reporting Award from Association of Government Accountants

WASHINGTON — The U.S. Department of Labor today announced that it has received its ninth successive Certificate of Excellence in Accountability Reporting (CEAR) Award from the Association of Government Accountants (AGA) for the department's outstanding fiscal year (FY) 2008 Performance and Accountability Report. Associate Deputy Chief Financial Officer for Fiscal Integrity Yoko Albayrak accepted the award on behalf of the department at a National Press Club ceremony last night in Washington.

May 21, 2009

U.S. Labor Department publishes process to appeal denials of COBRA subsidy under American Recovery and Reinvestment Act of 2009

Washington — The U.S. Department of Labor today announced the appeal process individuals can use if they are denied a premium subsidy for their group health plan continuation coverage. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires many group health plans to temporarily continue health coverage for employees and their families following termination of employment at the employee’s own expense.

May 21, 2009

U.S. Labor Department further extends effective date of rules on investment advice

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced publication of a notice further extending the applicability and effective dates of the final rule on investment advice under the Pension Protection Act to November 18, 2009. The notice is expected to be published in the May 22 edition of the Federal Register.

May 20, 2009

U.S. Labor Departments OSHA strengthens integrity of Outreach Training Program

WASHINGTON – The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA), in an effort to crack down on fraudulent trainers, is strengthening the integrity of its 36-year-old Outreach Training Program by improving how trainers become authorized to teach and ensuring these trainers are in compliance with OSHA program guidelines.

May 20, 2009

U.S. Department of Labor to offer free health law seminar on June 3 and 4 in Fargo, North Dakota

Fargo, North Dakota – A free health law compliance assistance seminar for employers, plan fiduciaries and plan services providers, sponsored by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the North Dakota Department of Insurance, will take place June 3 and 4 at the Fargo Doublewood Inn & Conference Center at 3333-13th Ave. S.

May 19, 2009

U.S. Department of Labor announces $1.3 million grant to assist workers affected by declining automotive industry in Minnesota

WASHINGTON – The U.S. Department of Labor today announced a $1,320,100 grant to assist approximately 307 workers across the state of Minnesota affected by layoffs from 27 companies in the retail, service and manufacturing sectors of the declining automotive industry.

May 19, 2009

MSHA, Tri-Star Mining Inc. reach settlement agreement

Highwall failure at Maryland surface mine in 2007 killed 2 miners

May 19, 2009

U.S. Labor Department sues to appoint independent fiduciary for 401(k) plan abandoned by former Iowa employer

Kansas City, Missouri — The U.S. Department of Labor has filed a lawsuit in the U.S. District Court for the Southern District of Iowa in Davenport seeking the appointment of an independent fiduciary to oversee the abandoned 401(k) plan of defunct MagnaTech Inc., formerly of Brooklyn, Iowa.

May 19, 2009

U.S. Labor Department secures 401(k) plan assets for J&L Electronic Service Inc. employees in Chicago suburb

Frankfort, Illinois – A federal district court in Chicago has granted a consent judgment to the U.S. Department of Labor barring John Patrizi, owner of J&L Electronic Service Inc. at 633 Johnson Ave. in Frankfort, from serving as a fiduciary for any retirement plan covered by the Employee Retirement Income Security Act (ERISA), and appointing an independent fiduciary to oversee the company’s 401(k) plan.

May 15, 2009

U.S. Department of Labor announces $462,000 grant to assist workers in Maine affected by textile industry layoffs

WASHINGTON – The U.S. Department of Labor today announced a $462,096 grant to assist approximately 100 workers affected by layoffs at True Textiles Inc. located in Guilford and Newport, Maine.

"This grant will allow affected workers in Maine to access training and services that will aid them in obtaining re-employment in growing regional industries," said Secretary of Labor Hilda L. Solis.

May 15, 2009

U.S. Labor Department announces release of $62.8 million in unemployment insurance modernization incentive funds to Virginia

WASHINGTON – The U.S. Department of Labor today certified for release $62,817,683 in unemployment insurance (UI) modernization incentive funds to the commonwealth of Virginia. Virginia qualified for the funds available under the American Recovery and Reinvestment Act (Recovery Act) by allowing workers to use their more recent earnings to be eligible for benefits. Virginia's approved application will be posted at the department's Employment and Training Administration Web site at http://www.doleta.gov/recovery/.

May 15, 2009

U.S. Labor Department announces release of $10.2 million in unemployment insurance modernization incentive funds to Hawaii

WASHINGTON – The U.S. Department of Labor today certified for release $10,175,575 in unemployment insurance (UI) modernization incentive funds to the state of Hawaii. Hawaii qualified for the funds available under the American Recovery and Reinvestment Act (Recovery Act) by allowing workers to use their more recent earnings to be eligible for benefits. Hawaii's approved application will be posted at the department's Employment and Training Administration Web site at http://www.doleta.gov/recovery/.

May 15, 2009

U.S. Department of Labor obtains judgments against fiduciaries of defunct North Carolina testing laboratory

Atlanta – The U.S. Department of Labor has obtained court judgments restoring $97,317.49 to the Triangle Laboratories Inc. Retirement Fund in Durham, North Carolina.

A lawsuit, filed in the U.S. District Court for the Middle District of North Carolina, alleged that Joseph Morales and four other defendants failed to discharge their fiduciary duties to the 401(k) plan in violation of the Employee Retirement Income Security Act (ERISA).

May 14, 2009

U.S. Labor Department announces release of $137.6 million in unemployment insurance modernization incentive funds to New York

WASHINGTON – The U.S. Department of Labor today certified for release $137,580,702 in unemployment insurance (UI) modernization incentive funds to the state of New York. New York qualified for the funds available under the American Recovery and Reinvestment Act (Recovery Act) by allowing workers to use their more recent earnings to be eligible for benefits. New York's approved application will be posted at the department's Employment and Training Administration Web site at http://www.doleta.gov/recovery/.

May 14, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending May 9, the advance figure for seasonally adjusted initial claims was 637,000, an increase of 32,000 from the previous week's revised figure of 605,000. The 4-week moving average was 630,500, an increase of 6,000 from the previous week's revised average of 624,500.