November 12, 1998

LABOR DEPARTMENT FINALIZES CLASS EXEMPTION ON FOREIGN EXCHANGE TRANSACTIONS

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor today granted a class exemption for purchases and sales of foreign currencies between employee benefit plans and banks or broker-dealers.

November 12, 1998

Labor Department Sues Kentucky Company, Owner, And Stock Yards Bank For Purchase Of Company Stock

Archived News Release — Caution: Information may be out of date.

he U.S. Department of Labor filed a lawsuit against the owner and trustees of Building Services Unlimited, Inc., in Louisville, Ky., for failing to make requested contributions to the company’s retirement plan and paying more than fair market value for the stock contributed to the employee stock ownership plan.

November 9, 1998

News Release Archive: ESA Press Release: Utah Grocery Chain Has Agreed to Pay $650,000 Fine for Child Labor Violations

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Utah Grocery Chain Has Agreed to Pay $650,000 Fine for Child Labor Violations [11/09/1998]

For more information call: (202) 693-0023

A Utah-based grocery chain with 172 stores in eight states will pay $650,000 in fines for violations of federal child labor laws. Smith's Food and Drug Centers of Salt Lake City agreed to pay the fine and refrain from future violations.

November 4, 1998

News Release Archive: ESA Press Release: Ohio Fast Food Company Fined $333,450 for Child Labor Violations; One Minor Injured

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Ohio Fast Food Company Fined $333,450 for Child Labor Violations; One Minor Injured [11/04/1998]

For more information call: 202-219-8211

An Ohio fast food restaurant company was fined $333,450 for violations of federal child labor laws after a 15-year-old cut her finger while using a meat slicer. The Labor Department found that GZK Inc. of Dayton illegally employed 42 minors.

October 26, 1998

News Release Archive: ILAB Press Release: U.S. and Mexican Labor Secretaries to Consult on Pregnancy Discrimination

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Bureau of International Labor Affairs

ILAB Press Release: U.S. and Mexican Labor Secretaries to Consult on Pregnancy Discrimination [10/26/1998]

October 26, 1998

EBSA Press Release: Labor Department Sues Time Warner Inc. And Executives For Excluding Workers from Pension and Health Plans [10/26/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8211

The U. S. Department of Labor today sued Time Warner Inc., Time Inc. and subsidiaries of Time Inc. and officials of nine corporate pension and health plans for wrongly denying coverage by the plans to hundreds of employees. The workers were misclassified as independent contractors or temporary employees and thus were denied coverage.

October 23, 1998

News Release Archive: ESA Press Release: Blueberry Grower Fined Following the Death of Nine-year-old Worker

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Blueberry Grower Fined Following the Death of Nine-year-old Worker [10/23/1998]

October 23, 1998

News Release Archive: ILAB Press Release: Labor Department to Hold Conference with European Union on Employment of People with Disabilities

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Bureau of International Labor Affairs

ILAB Press Release: Labor Department to Hold Conference with European Union on Employment of People with Disabilities [10/23/1998]

October 23, 1998

Syracuse, New York, Firm And Pension Trustee To Make $541,000 In Restitution To Pension Plan

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor has obtained a consent judgment requiring Hull Corp. and a trustee of its employee stock ownership plan (ESOP) to pay $541,667 in restitution to the plan and to pay civil monetary penalties to the federal government for violating federal pension law.

October 21, 1998

Labor Department Proposes Amended Waivers On Receipt Of Services On IRAs And Self-Employed Plans

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor has proposed broadening the scope of two class exemptions allowing individual retirement accounts (IRAs) or Keogh pension plans to get free or low cost brokerage or banking services

October 13, 1998

Brownsville, Tex., Trustees Ordered To Repay More Than $87,000 To 401(K) Plan For Federal Pension Law Violations

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has obtained a consent order and judgment requiring three corporations and three trustees of the Nomali, Inc. Employees 401(k) plan in Brownsville, Tex., to repay $87,318.00 to its plan participants and beneficiaries for failure to charge the full market value on rental property and land that they authorized the plan to lease.

October 13, 1998

Labor Department Obtains Judgment Against Trustee Of Hempstead, New York, Pension Plan

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor has obtained a consent judgment against the trustee of a pension and health plan of a Hempstead, New York community service organization for mismanaging plan assets

October 9, 1998

Computer Firms Win Government Contracts To Develop A System To Process Annual Report Filings

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor’s Pension and Welfare Benefits Administration (PWBA) has awarded two contracts to national computer firms to competitively develop its new Employee Retirement Income Security Act (ERISA) Filing Acceptance System -- known as EFAST.

October 7, 1998

Arlington Heights, Ill., Service Provider To Make Restitution Of More Than $14,000 To Pension Plans

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor has obtained a consent order and judgment that requires Richard May of Arlington Heights, Ill., to pay more than $14,000 to nine employee benefit plans and permanently bars him from servicing any employee benefit plan governed by federal pension law, except where he is a participant in the ERISA-covered plans of his employer.

October 7, 1998

Albuquerque Firm And President Make Restitution To 401(K) Plan

Archived News Release — Caution: Information may be out of date.

Miletus Associates Inc. of Albuquerque, N.M. and its president agreed to fully reimburse the company’s 401(k) plan for all losses under a consent order obtained by the U. S. Department of Labor.

October 1, 1998

News Release Archive: ESA Press Release: United Technologies Receives Highest Honor for Affirmative Action Efforts; Labor Department Recognizes Nine Others for Outstanding Affirmative Action Efforts

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: United Technologies Receives Highest Honor for Affirmative Action Efforts; Labor Department Recognizes Nine Others for Outstanding Affirmative Action Efforts [10/01/1998]

September 30, 1998

News Release Archive: ESA Press Release: R.R. Donnelley Agrees to $425,000 Settlement to Resolve Wage Disparities Within its Professional and Management Staff

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: R.R. Donnelley Agrees to $425,000 Settlement to Resolve Wage Disparities Within its Professional and Management Staff [09/30/1998]

September 23, 1998

Dallas Businessman Indicted For Misappropriating Pension Assets

Archived News Release — Caution: Information may be out of date.

The owner of Dallas-based Programmed for Success today was indicted by a Dallas County grand jury for misappropriating $4,044 in pension contributions owed to the company’s retirement plan.

The company is a computer programming services contractor which sponsored a salary reduction simplified employee pension plan (SARSEP). The SARSEP is governed by the Employee Retirement Income Security Act (ERISA).

September 22, 1998

Labor Department Convenes Advisory Committee On Negotiated Rulemaking Under ERISA 3(40)

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor today announced appointment of the members of the newly created Negotiated Rulemaking Advisory Committee. The advisory committee was created by the department’s Pension and Welfare Benefits Administration (PWBA) to develop a proposed rule that would establish criteria and a process for determining when an employee benefit plan is established or maintained under a collective bargaining agreement.

September 18, 1998

News Release Archive: ESA Press Release: Colorado Meatpacker Fined Nearly $1.3 Million for Repeated Violations of Federal Overtime Law

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Colorado Meatpacker Fined Nearly $1.3 Million for Repeated Violations of Federal Overtime Law [09/18/1998]