Nationwide Class Action Law Firm
Last month, the U.S. Office of Personnel Management (OPM) announced that it is raising the minimum wage for civilian employees of the federal government to $15.00 an hour. The increase affects some 67,000 people who work in the U.S. across multiple agencies and...
Planning for retirement is something everyone should do to ensure peace of mind. Yet, sometimes those plans fail to work out for reasons beyond your control. If those in charge of your ERISA-protected retirement plan do not do the job they are paid for, you may suffer...
If you work in a field that requires you to wear personal protective equipment, commonly referred to as “PPE”, or other equipment, your employer might have to compensate you for donning and doffing gear. We will explore the circumstances where paid compensation may be required by law. Read on to find out if you should be getting paid for the…
An ERISA fiduciary’s duty does not end when the fiduciary selects plan investments at the outset. Rather, “‘a fiduciary normally has a continuing duty of some kind to monitor investments and remove imprudent ones.’”
No matter which industry you are employed in, you are entitled to fair compensation for the work that you do. In fact, this is enshrined in federal law. The provisions of the Fair Labor Standards Act (FLSA) dictate the minimum wage requirements that employers are...
When you signed your employment contract, you had an understanding that you would work hard, and that your employer would compensate you for the work that you accomplish. Unfortunately, all too often employers shortchange their employees by failing to pay them fully...
As of year-end 2020, the Plan had net assets of more than $6 billion. This gave the Plan had substantial bargaining power regarding the fees and expenses that were charged against participants’ investments. The Plan’s fiduciaries failed to use this bargaining power to the Plan’s advantage. Instead, Plan participants were saddled with above-market recordkeeping and administrative fees.
Thousands of pension plans are using outdated mortality tables to determine the value of pension benefits they are required to pay. Pension payments and annuities calculated using out-of-date mortality tables are generally worth less than benefits calculated on the basis of updated mortality data. Using old tables reduces the present value of benefits because these tables predict that people will die at a faster rate than the new tables do.
Independent contractor misclassification is an illegal but little-known practice used by unscrupulous employers to underpay workers. Often, the impact of employee misclassification can have devastating implications for U.S. workers who are attempting to earn an honest wage. This form of wage theft is a blight that many pay for but only a few benefit from. What Does Employee Misclassification Mean?…
There are a variety of characteristics differentiating an independent contractor from a taxable employee. It’s important to recognize the difference between the two. Employee misclassification carries severe financial ramifications for workers and their families. If you suspect you have been a victim of employee misclassification, the first thing you should do is seek legal assistance in determining the validity of…