A new U.S. Department of Labor regulatory effort could impact retirement plans by requiring them to monitor whether plan members access electronic communications, a cost that may be passed on to consumers.
Chair of the Education and the Workforce Committee, U.S. Rep. Virginia Foxx, R-N.C., sent a letter Thursday to the Employee Benefits Security Administration raising concerns about the federal agency’s Request for Information, a document suggesting the agency will add more regulatory burden onto retirement accounts.
More regulations could mean more fees and higher costs for some Americans with retirement plans.
Reports indicate as much as $400 billion in COVID-19 unemployment relief were likely lost to waste and fraudsters. Lawmakers want answers.
Republicans on the House Ways and Means Committee sent a letter to the U.S. Department of Labor demanding documents and information related to the unemployment fraud.
The U.S. Department of Labor (DOL) obtained a federal court order to restrict an Alabama-based automotive parts manufacturer for Kia and Hyundai from employing children, many as young as 13, according to a recent DOL press release.
The U.S. District Court for the Middle District of Alabama ruled in a September consent judgment that the company, SL Alabama LLC, a subsidiary of South Korean SL Corporation, violated the Fair Labor Standards Act and engaged in “oppressive” labor practices, the release stated. The ruling follows an investigation by the Wage and Hour Division, and will effectively block SL Alabama LLC from shipping any products within 30 days of violations.
America’s high schools have problems. Nearly twenty years ago, Bill Gates observed that the existing model is obsolete — that, even when high schools “work,” the results are too often mediocre. In 2016, The Education Trust found that 47 percent of high schoolers graduated prepared for neither college nor a career. In 2018, Gallup reported that two-thirds of high schoolers described themselves as wholly or partially disengaged. And, just last month, the National Center for Education Statistics concluded that high schools are plagued by grade inflation: Over the past decade, grades have risen to a record high even as math and science performance by 12th graders has edged down.
Unemployment is slowly recovering in Connecticut, according to a new report from the U.S. Department of Labor.
In its latest Unemployment Insurance Weekly Claims report, there was an increase in 18,000 initial claims filed throughout the country for the week ending April 9, with a total of 185,000 claims. The four-week moving average for the number of claims filed was set at 172,250, which was adjusted by 2,000 from the previous week’s number.