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With three multiemployer pension plans moving to cut benefits, pension advocates are pushing to derail the law that made such steps possible before there are more, while other experts press for new plan designs.
The Pension Benefit Guaranty Corp., the federal agency charged with insuring private-sector pensions, estimates that 1.5 million people are covered by severely underfunded multiemployer plans at risk of becoming insolvent. And the PBGC’s own program for backstopping multiemployer plans is projected to be insolvent in as little as 10 years. Continue reading
Rising Rate of Marijuana Use, with Some Evidence of Harmful Effects
Maxwell and Mendelson provide an update on recent state laws regarding marijuana and analyze available data on how those laws are affecting rates of marijuana use, attitudes toward marijuana, and other key issues. A few states have legalized possession/use of small amounts of marijuana, while several others have “decriminalized” marijuana. Most states now permit some types of “medical marijuana” use. Continue reading
Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax. Continue reading
Businesses known for their uniforms are worried about lawyers in business suits in the wake of a change in the nation’s labor laws affecting their liability for employment practices.
The change could unravel the franchise business and wreak havoc for thousands of companies and contractors, according to franchise industry groups and insurance professionals. Continue reading
OSHA requires workplace injuries to be tracked using special forms. One of the forms is called the OSHA 300A Summary. This form represents the total number of injuries and illnesses reported for the year. Continue reading
For businesses to thrive in today’s economy, finding and retaining the best employees is important. This is especially true for small businesses and nonprofits competing with larger businesses, and larger budgets, for top talent. Continue reading
Creating a financial budget can seem daunting and scary for many Americans. The average American spends more then they earn and often on unnecessary items. With advances in technology, online shopping and the growing use of credit cards, most Americans don’t even know where to begin when it comes to introducing a budget. Continue reading
WASHINGTON — The number of Americans filing for unemployment benefits rose more than expected last week, the Labor Department said on Thursday, suggesting some loss of momentum in the labor market during a sharp economic slowdown and stock market sell-off. Continue reading
