The US Department of Labor (DOL) Tuesday announced a final rule that allows Employee Retirement Income Security Act (ERISA) plan fiduciaries to consider climate change and other social and governance factors when they select retirement investments and exercise shareholder rights. The final rule is “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” In response [...]
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Federal courts orders Blue Cross Blue Shield of Michigan to pay 5.1M+ for fraud
The US Court of Appeals for the Sixth Circuit on Friday affirmed a $5.1 million fraud judgment against Blue Cross Blue Shield of Michigan (BCBSM). Hi-Lex , a car parts manufacturer, sued...
US Attorney General Eric Holder announced on Saturday that the federal government plans to give married same-sex couples the same benefits as heterosexual couples when filing for bankruptcy, testifying in court or visiting family members...
The US Supreme Court on Friday issued an order enjoining the US Department of Health and Human Services (DHHS) from requiring that the Little Sisters, a Roman Catholic order, fill out a formal...
Obama administration to begin processing Social Security payments to same-sex couples
The Obama administration announced Monday that the Social Security Administration (SSA) will begin processing payments to surviving spouses of same-sex married couples . In a brief statement, Press Officer LaVenia LaVelle said, "I am...
Same-sex marriage now recognized in federal student aid application process
The US Department of Education announced on Friday that for the purposes of applying for and receiving federal student financial aid, the federal government will now recognize all legal same-sex marriages . In response...
The Employee Retirement Income Security Act (ERISA) has developed since it first passed in 1974. Some of the most pressing and evolving issues today pertain to marriage statuses under ERISA, the impact of the Affordable Care Act, if any, on...
At the height of the Great Depression, US President Franklin Roosevelt requested legislation to aid Americans in times of economic need. On August 14, 1935, Roosevelt signed the Social Security Act into law. The original Act provided benefits to workers...
US to recognize all same-sex marriages for employee benefit purposes
The US Department of Labor (DOL) on Wednesday issued guidance explaining that all legally married same-sex spouses in the US can now participate in employee benefit plans overseen by the Employee Benefits Security Administration (EBSA) [official...
Supreme Court rules Title VII protects employees from retaliatory discharge
The US Supreme Court on Wednesday decided six cases. The Court ruled unanimously in Crawford v. Nashville and Davidson County that Title VII of the 1964 Civil...