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DOL Proposes Significant Changes to VFCP Program

McDermott Will & Emery Employee Benefits

On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a proposed amendment to the Prohibited Transaction Exemption (PTE) 2002-51.

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Tribunal orders Phoenix Healthcare and Rentacar 24/7 to pay unpaid wages

Employee Benefits

Phoenix Healthcare was also required to pay £810, pursuant to section 38 Employment Act 2002, for failure to issue a written statement of employment particulars. The post Tribunal orders Phoenix Healthcare and Rentacar 24/7 to pay unpaid wages appeared first on Employee Benefits.

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Tribunal finds woman who worked unpaid for 20 years was constructively unfairly dismissed

Employee Benefits

P Mehat, a wife and mother of two, began working Monday to Saturday in the Premier convenience store in Six Bells in Blaenau Gwent, Wales, owned by her parents-in-law, in 2002. The post Tribunal finds woman who worked unpaid for 20 years was constructively unfairly dismissed appeared first on Employee Benefits.

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DOL Proposes Self-Correction Option and Other Changes to Voluntary Fiduciary Correction Program

Proskauer's Employee Benefits & Executive Compensa

The DOL also proposed conforming changes to the prohibited transaction class exemption, PTE 2002-51 , associated with the VFCP. The most significant change is the addition of a self-correction option for delinquent deposits of participant contributions and loan repayments.

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Eyekon Services to pay £8,980 in unfair dismissal case

Employee Benefits

Management consultancy Eyekon Services has been ordered to pay a former employee £8,980 after an employment tribunal found him to have been unfairly dismissed. A Rodgers worked as a cleaner and caretaker from June 2002 for a firm that was taken over by Glasgow-based Eyekon Services last year. Rodgers worked 37.5

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Clear Marketing completes employee ownership sale

Employee Benefits

Creative agency Clear Marketing has finalised its transition to employee ownership as founder Jim Smith steps down after nearly 20 years at the business. The organisation, which has offices in Manchester and Glasgow and was founded in 2002, brought forward the planned date of its sale following what it said were a successful three years.

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Prohibition Against Non-Competes Expands in California

Proskauer's Employee Benefits & Executive Compensa

4th 697 (2002) , in which the California Supreme Court held that comity principles impose limits to the scope of Section 16600 and to the reach of California’s public policy disfavoring non-competes. Medtronic, Inc. ,