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ERISA Fiduciaries Must Continuously Monitor Plan Investments

XpertHR • May 22, 2015
The US Supreme Court has confirmed that plan fiduciaries have a continuing obligation to monitor investments in a plan under § 401(k) of the Internal Revenue Code (IRC). In a unanimous decision in Tibble v. Edison International, the Court held that the Employee Retirement Income Security Act of 1974 (ERISA) requires that a plan fiduciary exercise prudence not only in selecting plan investments at the outset, but also in monitoring those investments. Employers who maintain 401(k) plans should continuously monitor mutual funds for excessive fees - especially when a lower-cost institutional fee is available.

Probability, manipulation, and random drug testing

Constangy, Brooks, Smith & Prophete, LLP • May 22, 2015
Is that “random” drug test selection really random?

Female lawyer plays the "V" card, wins $500 sanction

Constangy, Brooks, Smith & Prophete, LLP • May 22, 2015
Male attorneys, it’s not a good idea to use the “V” word when referring to your female adversaries, and you might even be sanctioned for it.

Los Angeles Sets Path for $15 Minimum Wage

XpertHR • May 22, 2015
Los Angeles is on track to have one of the highest minimum wages in the nation.

Ten Tips To Comply With California’s Upcoming Sick Pay Mandate

Ogletree Deakins • May 21, 2015
Mandatory sick pay is coming to California in less than 60 days. Beginning July 1, 2015, the Healthy Workplaces, Healthy Families Act of 2014 (HWHFA) will obligate employers in California to offer sick pay to nearly every category of employee. The minimum obligation is to provide sick pay at the rate of 1 hour for every 30 hours worked or a lump sum allocation of 3 days or 24 hours per year. As the start date approaches, here are 10 tips to help ensure that your sick pay policy complies with the law:

The Trend Continues: Los Angeles City Council Tentatively Approves Citywide $15 Minimum Wage and Proposes Sick Leave Ordinance

Littler Mendelson, P.C. • May 21, 2015
On May 19, 2015, the Los Angeles City Council approved a proposal for a gradual establishment of a citywide minimum wage of $15.00 per hour by July 1, 2020. Once adopted, Los Angeles will join other large U.S. cities, including Chicago, Seattle and San Francisco, to establish local minimum wage ordinances that far exceed the federal minimum wage of $7.25. The State of California has already raised the statewide minimum wage to $9.00 per hour effective July 1, 2014, with an increase to $10.00 per hour set to go into effect on January 1, 2016.
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