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President Obama Signs the Lilly Ledbetter Fair Pay Act

Posted on January 30, 2009 by

On January 29, 2009, President Obama signed into law the Lilly Ledbetter Fair Pay Act. The Act is the first bill signed into law by President Obama since taking office. Under the new law, it is now easier for workers to sue their current and former employers for pay discrimination. The Ledbetter Fair Pay Act […]

Breaking News: Senate Approves Pay Discrimination Bill!

Posted on January 23, 2009 by

The Senate approved a bill today, Thursday, January 22, that will make it easier for workers to sue their employers and former employers for pay discrimination. It will likely be the first legislation that President Barack Obama signs into law. The bill overturns a 2007 Supreme Court decision that many believe resulted in workplace injustice. […]

Wisconsin Implements New Medical Assistance Rules

Posted on January 13, 2009 by

Medicaid is a joint federal and state program, known as Medical Assistance in Wisconsin, which provides health care coverage to financially eligible individuals. It is the only program that pays for long-term nursing home care. Federal legislation, effective February 8, 2006, and adopted by Wisconsin, effective February 1, 2008, changed many important aspects of Medical […]

Suspension of Required Minimum Distributions for IRA Owners and Qualified Plan Participants

Posted on December 29, 2008 by

In an effort to minimize tax and financial burdens associated with IRAs and certain retirement plans (1) in current market conditions, Congress recently passed, and on December 23, the President signed into law, the Worker, Retiree, and Employer Recovery Act of 2008 (the Act). Two components of the Act, which are summarized below, provide IRA […]

New Case Illustrates Importance Of Proper Trust Drafting

Posted on December 22, 2008 by

The Wisconsin Court of Appeals recently determined that the assets within an irrevocable trust (a type of trust that cannot be revoked or amended by the person who creates it) were available to the trust-maker and had to be used for nursing home and related long-term care expenses. The case underscores the importance of having […]

The New FMLA Rules: Are You Ready?

Posted on December 12, 2008 by

The United States Department of Labor (DOL) has released the final revised, and long awaited, regulations implementing the federal Family and Medical Leave Act (FMLA). The revised regulations are over 750 pages in length and adopt most of the positions the DOL outlined in the proposed revisions to the regulations issued in February 2008. A […]

IRS Gives Welcome Relief to 403(b) Plan Sponsors!

Posted on December 11, 2008 by

Yesterday afternoon the IRS issued a notice delaying the date Code Section 403(b) plans must have a written plan document. Prior to this notice, Code Section 403(b) plan sponsors had to have a written plan document in place by January 1, 2009, fully compliant with the final Code Section 403(b) regulations issued in July 2007. […]

It’s Midnight on New Years Eve, Do You Know Where Your Deferred Compensation Agreements Are?

Posted on December 2, 2008 by

Really, we mean it this time! The deadline for amending deferred compensation agreements to comply with Section 409A of the Internal Revenue Code is December 31, 2008, and there is no indication that the IRS will grant another extension. So, add reviewing deferred compensation, employment, and severance agreements to your list of things to do […]

Potential Labor/Employment Law Changes in the New Political Environment

Posted on November 19, 2008 by

At both the state and federal level, the recent election resulted in both the executive and legislative branches being controlled by the Democrats. As a result, many are predicting a major change in the nations labor and employment laws. As a result, several pieces of legislation that were unable to gain traction in the past […]

If You Would Like to Know Whether Your Bank Deposits are Protected by FDIC Insurance, Read This E-Alert

Posted on November 17, 2008 by

In light of the financial troubles in the U.S. market, many individuals are concerned about the security of assets they have deposited at financial institutions. The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government that protects you against the loss of deposits if an […]