November 29, 2010

US Labor Department sues pension plans trustee of 2 defunct New York City garment companies to recover millions of dollars in misused assets

NEW YORK – The U.S. Department of Labor has sued trustee Colette Mordo for alleged misuse of more than $4.6 million in plan assets of the Sadimara Knitwear Inc. and the Stallion Knits Ltd. defined benefit pension plans, in violation of her fiduciary duties under the Employee Retirement Income Security Act. The lawsuit is based on an investigation by the department's Employee Benefits Security Administration.

November 29, 2010

US Labor Department proposes rule to enhance target date retirement fund disclosures

WASHINGTON – The U.S. Department of Labor's Employee Benefits Security Administration today announced a proposed rule that will help America's workers better understand target date retirement funds and other similar investments offered in 401(k)-type pension plans.

November 29, 2010

Third-party retirement plan administrator sentenced for false statement on Form 5500, following US Labor Department investigation

PHILADELPHIA – The U.S. Department of Labor's Employee Benefits Security Administration today announced that the owner of Philadelphia Pension Planning Corp., formerly located in Montgomery County, Pa., was sentenced to 15 months in prison and three years of supervised release, and ordered to pay $715,228.79 to the Bustleton Landscaping Co. Inc. Profit Sharing Plan for making a false statement in the Form 5500 annual report.

November 29, 2010

US Labor Department obtains court judgment ordering former Marietta, Ga., insurance agency to restore more than $77,000 to 401(k) plan

KENNESAW, Ga. – The U.S. Department of Labor has obtained a court order requiring the Hoyla Insurance Group Inc. and owner Michael Hoyla to restore $77,470.48 to the former company's 401(k) retirement plan.

Following an investigation by the Labor Department's Employee Benefits Security Administration, the department filed a lawsuit alleging that the defendants violated the Employee Retirement Income Security Act by comingling employee contributions with company funds.

November 24, 2010

Statement by MSHA Assistant Secretary Joseph A. Main in response to New Zealand coal mine explosion -

ARLINGTON, Va. – Joseph A. Main, assistant secretary for the U.S. Department of Labor's Mine Safety and Health Administration, today released the following statement in response to two massive explosions that rocked the Pike River coal mine in New Zealand. Twenty-nine miners are believed to have been killed.

November 24, 2010

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending Nov. 20, the advance figure for seasonally adjusted initial claims was 407,000, a decrease of 34,000 from the previous week's revised figure of 441,000. The 4-week moving average was 436,000, a decrease of 7,500 from the previous week's revised average of 443,500.

November 23, 2010

DOL announces grant exceeding $517,000 to provide Utah workers with health insurance payments

WASHINGTON – The U.S. Department of Labor today announced a $517,197 grant to provide an estimated 210 jobless workers in Utah with partial premium payments for health insurance coverage.

November 23, 2010

US Department of Labor provides $4 million to assist severe storm recovery efforts in Puerto Rico

WASHINGTON – The U.S. Department of Labor has announced a $4 million National Emergency Grant award to assist cleanup and recovery efforts in the wake of Tropical Storm Otto that struck Puerto Rico in October.

These funds will be awarded to the Puerto Rico Department of Labor and Human Resources. Funds will be used to create temporary jobs to assist in the recovery from the severe storm's devastation, which included flooding and landslides.

November 23, 2010

DOL announces $2.6 million to continue aid for Mass. workers impacted by financial industry layoffs

WASHINGTON – The U.S. Department of Labor has announced a $2,579,730 National Emergency Grant increment to Massachusetts to continue providing services to workers affected by layoffs in the financial industry. More than 700 workers will be served under this funding.

November 23, 2010

DOL announces more than $2 million to assist Massachusetts workers affected by layoffs in multiple industries -

WASHINGTON – The U.S. Department of Labor today announced a $2,073,235 grant to assist about 330 workers who reside in Massachusetts affected by layoffs and closings at 12 companies, 11 in Massachusetts and one in Connecticut.

November 23, 2010

US Labor Department sues former Orlando, Fla., security consulting company to restore 401(k) plan assets

ORLANDO, Fla. – The U.S. Department of Labor is suing the defunct Bordes Group Inc. and the estate of its late owner, Roy Bordes, to restore assets to the company’s 401(k) plan for the benefit of the plan’s participants and beneficiaries.

November 23, 2010

US Labor Department sues defunct Lakeland, Fla., automotive equipment and tools sales company to restore 401(k) losses to plan participants

LAKELAND, Fla. – The U.S. Department of Labor has sued defunct GBK & Associates Inc. and its owners, Deborah Burgess-Wyngate and George Kamanis, to restore losses suffered by the company’s 401(k) plan participants and beneficiaries. The lawsuit followed an investigation by the department’s Employee Benefits Security Administration into alleged violations of the Employee Retirement Income Security Act.

November 23, 2010

US Labor Department settles dispute with former Tampa, Fla., pharmaceutical corporation over retirement plan assets

TAMPA, Fla. – The U.S. Department of Labor has obtained consent judgments requiring Medipharm-Rx Inc. and two 401(k) plan administrators to restore more than $10,000 in losses incurred by the company’s 401(k) plan.

November 19, 2010

Student from Flint/Genesee Job Corps in Michigan takes top honors in oratory competition

WASHINGTON – The U.S. Department of Labor today hosted the 2010 Job Corps Oratory Competition in Washington, D.C. Secretary of Labor Hilda L. Solis delivered opening remarks before four finalists from California, Illinois, Michigan and Kentucky took the stage to present their speeches about how Job Corps has impacted their lives.

November 19, 2010

MSHA announces results of October impact inspections -

ARLINGTON, Va. – The U.S. Department of Labor's Mine Safety and Health Administration today announced that federal inspectors issued 380 citations and orders during special impact inspections conducted at 13 coal and six metal/nonmetal mine operations last month.

November 19, 2010

MSHA puts 13 mines on notice for potential pattern of violations -

ARLINGTON, Va. – The U.S. Department of Labor's Mine Safety and Health Administration announced today that 13 mines from around the country received letters putting them on notice that each has a potential pattern of violations of mandatory health or safety standards under Section 104(e) of the federal Mine Safety and Health Act of 1977. These are the first mining operations to receive such notification since MSHA implemented major reforms to its POV process, including tougher provisions for mines with chronic and persistent health and safety violations.

November 18, 2010

MSHA launches 2nd phase of Rules to Live By enforcement initiative

ARLINGTON, Va. – The U.S. Department of Labor's Mine Safety and Health Administration today launched the second phase of an outreach and enforcement program designed to strengthen efforts to prevent mining fatalities. "Rules to Live By II: Preventing Catastrophic Accidents" was developed from data gathered by reviewing accidents that resulted in five or more fatalities, as well as from incidents caused by fires or explosions that had the potential to result in more fatalities.

November 18, 2010

Statement by Secretary of Labor Hilda L. Solis on expanded Trade Adjustment Assistance program

WASHINGTON – Secretary of Labor Hilda L. Solis today issued the following statement on the extension of the expanded Trade Adjustment Assistance program:

November 18, 2010

ETA Press Release: Unemployment Insurance Weekly Claims Report

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA In the week ending Nov. 13, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 2,000 from the previous week's revised figure of 437,000. The 4-week moving average was 443,000, a decrease of 4,000 from the previous week's revised average of 447,000.

November 18, 2010

Statement by Secretary of Labor Hilda L. Solis on expanded Trade Adjustment Assistance program

WASHINGTON – Secretary of Labor Hilda L. Solis today issued the following statement regarding the increased enforcement and outreach efforts of the U.S. Department of Labor's Wage and Hour Division:

"Protecting worker rights is my top priority at the Department of Labor. It's not a slogan. It's a commitment that I have made to ensure workers receive all the protections that the law promises, and that no employer gains an unfair advantage by cheating workers out of their rightfully earned wages.