June 29, 1999

Labor Department Sues Gurnee, Ill., Company Officials For Depleting Two Pension Plans

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has sued officials of a now- defunct Gurnee, Ill., business for allegedly depleting the company’s two pension plans through a series of self-dealing transactions.

June 28, 1999

Ohio Bank And Former Executive Settle Lawsuit Involving Misuse Of ESOP Assets

Archived News Release — Caution: Information may be out of date.

Charter One of Cleveland and the former chairman of the predecessor company — Haverfield Corp. — have agreed to a settlement with the U. S. Department of Labor providing for payment of $70,000.00 to the participants of the company’s employee stock ownership plan (ESOP) as restitution for improperly purchasing corporate stock for the plan at artificially inflated prices.

June 25, 1999

Erisa Advisory Council's Working Groups To Continue Gathering Information On 1999 Study Issues

Archived News Release — Caution: Information may be out of date.

The Secretary of Labor’s Advisory Committee on Employee Welfare and Pension Benefit Plans’ three working groups will hold the fourth in a series of fact-gathering meetings on July 13 and 14. All sessions will be held at the Department of Labor’s Frances Perkins Building at 200 Constitution Avenue NW, Washington, DC, in Room S 4215 A-B.

June 25, 1999

Labor Department Solicits Comments On Computer Scannable Versions Of The New Form 5500

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today published a Federal Register notice seeking public comments on draft computer scannable formats of the 1999 Form 5500 Annual Return/Report of Employee Benefit Plan. The formats were developed by two competing national computer firms for use with the new ERISA Filing Acceptance System or "EFAST."

June 22, 1999

Labor Department Settlement Requires Columbia Firm To Repay Pension Plan More Than $1 Million And Diversify Investments

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has negotiated a settlement of its lawsuit against Columbia, S.C.-based C.W. Haynes and Company, Inc. and its president. Defendants are required to pay the company’s profit sharing plan $1,093,172.97 for the plan’s 40 percent interest in the Folly Fontaine Commerce Center partnership and the fair market value of the note payable to the plan by the Fontaine partnership.

The defendants also are ordered:

June 17, 1999

Labor Department Testifies On Initiatives Encouraging Employers To Offer Retirement Savin

Archived News Release — Caution: Information may be out of date.

Leslie B. Kramerich, the Deputy Assistant Secretary of Labor for the Pension and Welfare Benefits Administration, today testified before the Senate Special Committee on Aging on the agency’s efforts to expand retirement coverage and promote retirement savings for all Americans.

June 16, 1999

News Release Archive: ESA Press Release: U.S. Department of Labor Seeks Back Pay for Poultry Workers

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: U.S. Department of Labor Seeks Back Pay for Poultry Workers [06/16/1999]

For more information call: 202-693-4650

The U.S. Department of Labor has filed lawsuits in four states seeking overtime pay for more than 200 workers on chicken-catching crews at poultry processing plants in Alabama, Mississippi, North Carolina and Texas.

June 11, 1999

Labor Department Obtains Order Freezing Assets Of Third-Party Administrators

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today obtained a preliminary injunction freezing the assets of third-party administrator Administrative Services of Texas, Inc. of Houston, its parent Administrator Services of North America and a former corporate executive to prevent further depletion of the assets of client welfare plans whose accounts were held by them.

June 10, 1999

Tacoma Pension Plan Officials Agree To Restore Losses In Court Settlement With U.S. Labor Dept.

Archived News Release — Caution: Information may be out of date.

Seattle - The U.S. Department of Labor announced today that Consent Judgments were signed this week in the United States District Court for the Western District of Washington, Tacoma, which formalize negotiated settlements affecting management of the J.D. English Steel Company Profit Sharing and 401(k) Plan and ordering restitution to the plan for alleged violations of the Employee Retirement Income Security Act of 1974 (ERISA).

June 7, 1999

EBSA Press Release: White House Announces Labor Department Outreach To Inform Consumers about Mental Health Benefits [06/07/1999]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921
 

At today's White House Conference on Mental Health, President Clinton unveiled initiatives by the U.S. Department of Labor to help Americans understand what rights they have to receive mental health benefits under an employer's health plan. He also announced the Department's toll-free hotline where the public can call to receive free copies of this information.

June 7, 1999

Community Care Systems, Inc., Of Wellesley, Mass., & Owner Agree To The Restoration Of Nearly $140,000 In Employee Pension Funds

Archived News Release — Caution: Information may be out of date.

Community Care Systems, Inc. (CCSI), of Wellesley, Massachusetts, and Frederick Thacher, the company’s chief executive officer and principal shareholder, have agreed to the restoration of nearly $140,000 to the pension plan accounts of the participants of the Community Care Systems, Inc. Employee 401(k) Plan as the result of a lawsuit filed by the U.S. Department of Labor.

June 3, 1999

Labor Department Sues Food Product Operators for Failing To Pay Health Plan Claim

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has filed a lawsuit against two company officers of Decatur, Ill.-based Kelly Food Products, Inc. for failing to pay $81,382 in health claims from monies forwarded for that purpose by the stop-loss insurer.

June 1, 1999

Labor Department Seeks Public Comments on Women's Health and Cancer Rights Act

Archived News Release — Caution: Information may be out of date.

The U.S. Departments of Labor and Health and Human Services are seeking public comments on coverage and notice requirements under the Women's Health and Cancer Rights Act.

May 26, 1999

LABOR DEPARTMENT SETTLES LAWSUIT AGAINST HARRIS COUNTY 401(K) PLAN FOR VIOLATING FEDERAL PENSION LAW

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today settled its lawsuit against a Harris County, Tex. company, its 401(k) plan and the company owner and plan trustee requiring $6,986 in restitution be paid to five of the plan’s participants.

May 18, 1999

News Release Archive: ESA Press Release: Most Bay Area Garment Shops Pay Required Wages; Monitored and Established Businesses Do Best

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Most Bay Area Garment Shops Pay Required Wages; Monitored and Established Businesses Do Best [05/18/1999]

For more information call: (202) 693-4657

Nearly three-fourths of garment sewing shops and manufacturers in San Francisco and Oakland obey federal wage and hour regulations--about the same level as in 1997- according to a U.S. Department of Labor survey released today.

May 18, 1999

LABOR DEPARTMENT OBTAINS JUDGMENT BARRING FORT WAYNE TRUSTEE FROM PLAN MANAGEMENT

Archived News Release — Caution: Information may be out of date.

The trustee of a 401(k) plan for a Fort Wayne, Ind., company was permanently barred from managing any plan covered under federal pension law and an independent fiduciary was appointed to manage the company plan’s assets, in a consent order and judgement obtained by the U.S. Department of Labor.

May 18, 1999

Labor Department Obtains Judgments Against Trustees In Lawsuit Over Pension Fund Misuse

Archived News Release — Caution: Information may be out of date.

May 18, 1999

Nationsbank And Investment Advisor Restore Assets To Polaroid Retirement Plan

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor has obtained a settlement agreement providing for Nationsbank of Georgia, N.A., a subsidiary of Nationsbank of Charlotte, N.C., to distribute over $5 million in cash and stock to the accounts of certain participants covered by the Polaroid Employee Stock Ownership Plan.

Under the agreement, the bank will distribute the cash and stock to participants covered by the plan as of April 1989.

May 17, 1999

ERISA ADVISORY COUNCIL’S WORKING GROUPS TO TAKE TESTIMONY ON 1999 STUDY ISSUES

Archived News Release — Caution: Information may be out of date.

The Secretary of Labor’s Advisory Committee on Employee Welfare and Pension Benefit Plans will hold meetings for its three working groups and its 106th full advisory council meeting on June 8 and 9. All sessions will be held at the Department of Labor’s Frances Perkins Building at 200 Constitution Avenue NW, Washington, DC, in Room N3437A-B.

May 14, 1999

News Release Archive: ESA Press Release: Sears Signs Child Labor Partnership Agreement with US Department of Labor

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Sears Signs Child Labor Partnership Agreement with US Department of Labor [05/14/1999]