May 4, 2004

DOL Official Joins with FOP and SBA in Correcting
Misinformation Campaign Regarding Police and Overtime Protection

WASHINGTON—At a news conference today Chuck Canterbury, President of the nation’s largest police labor organization in America, the Fraternal Order of Police (FOP), and Ed Mullins, President of the Sergeants Benevolent Association of the New York City Police Department (SBA), the largest police sergeants organization in America, joined with Department of Labor Wage and Hour Administrator Tammy McCutchen in denouncing the new low in the campaign of misinformation being waged against the Department’s new Overtime Security rules for white collar workers.

May 4, 2004

Wage & Hour Division Administrator Testifies:
Harkin Amendment Will Put OT Protections at Risk for Millions

WASHINGTON—U.S. Wage and House Division Administrator Tammy McCutchen today told a Senate subcommittee that the Labor Department’s new overtime security rules will strengthen and guarantee overtime pay protection for 6.7 million additional workers.

April 28, 2004

U.S. Labor Secretary Testifies in Support of New
Overtime Security Rules

WASHINGTON—In testimony before the U.S. House Education and Workforce Committee, U.S. Labor Secretary Elaine L. Chao today said the Department’s new overtime security rules will strengthen and guarantee overtime pay protection for an unprecedented 6.7 million additional workers and make the existing rules much easier for workers and employers to understand.

April 27, 2004

U.S. Secretary of Labor Elaine L. Chao Announces
New Enforcement Task Force

NEW ORLEANS, La.—U.S. Secretary of Labor Elaine L. Chao today named a new enforcement task force within the Wage and Hour division of the Department of Labor to maximize protection of workers’ pay rights under new Overtime Security rules announced last week. The announcement followed a meeting Secretary Chao held with Department of Labor Wage and Hour regional managers and district directors.

April 26, 2004

U.S. Department of Labor Launches Nationwide
YouthRules! Outreach Campaign: Over 6,000 Radios Stations and 10,000 Newspapers
will Receive Public Service Announcements

Over 6,000 Radio Stations and 10,000 Newspapers will Receive Public Service Announcements

WASHINGTON—The U.S. Department of Labor has launched a nationwide outreach campaign to increase awareness about youth employment laws as part of the YouthRules! Initiative. YouthRules! promotes positive and safe work experiences for young workers by educating parents, teens, employers, and educators about the types of jobs teens can hold and the number of hours they can work.

April 23, 2004

Labor Department New White Collar Overtime Rules
Published Today: New Rule available at the Federal Register

New Rule available at the Federal Register

WASHINGTON—New rules governing overtime rights for white-collar workers are published today in the Federal Register. The Department of Labor announced the new overtime rules in a news conference earlier this week. The regulations become effective in 120 calendar days.

April 23, 2004

Labor Department Obtains Consent Judgment Against Trustees of Pension Plan of Alabama Corporation

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

Atlanta, Georgia - The U.S. Department of Labor has obtained a consent judgment permanently barring the former trustees of the profit sharing plan of Bama Wood Inc. in Montgomery, Alabama, from serving as fiduciaries or in positions of trust to employee benefit plans governed by the Employee Retirement Income Security Act.

April 23, 2004

U.S. Labor Department Obtains Judgment Restoring Assets For Illinois Workers

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

Chicago, Illinois - The U.S. Department of Labor (DOL) has obtained a consent judgment and order requiring the Clinic in Altgeld Inc. of Chicago to restore $67,997 to the company's 401(k) plan as restitution for delinquent employee contributions and loan payments that were not forwarded to the plan.

April 22, 2004

U.S. Labor Department Sues Minnesota Company, Executive for Withholding Employee IRA Contributions

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

Minneapolis, Minnesota - The U.S. Department of Labor has sued The Lampland Company Inc. of Rochester, Minnesota, and its chief executive officer for failing to forward contributions withheld from employees’ paychecks to the company’s SIMPLE IRA plan. The money was used for operating expenses and remains commingled with the company’s general assets.

April 20, 2004

"Workers Win" with Labor Department's New Overtime
Rules: FairPay Initiative Guarantees Overtime Rights for Millions of Workers

FairPay Initiative Guarantees Overtime Rights for Millions of Workers

WASHINGTON—U.S. Secretary of Labor Elaine L. Chao today announced the final regulations governing overtime eligibility for “white-collar” workers under the Fair Labor Standards Act. The regulations had not been substantially updated for over 50 years, creating confusion for workers and employers, generating wasteful class action litigation, and failing to effectively protect workers’ pay rights.

April 19, 2004

New York Court Orders Former Executives of Bennett Funding Group To Reimburse Retirement Plans

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

New York, New York - The U.S. Department of Labor has obtained an order from a federal court in Syracuse, New York, requiring the former principals of Bennett Funding Group Inc. to restore $2.66 million plus interest to the company’s pension, profit sharing and 401(k) plans.

April 19, 2004

U.S. Labor Department Sues Former President of Leasing Firm Over Mismanagement of Health Plan

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

Memphis, Tennessee - The U.S. Department of Labor has sued the former president of Memphis-based International Staff Management Inc. for mismanagement of the Section 125 cafeteria health plan. ISM was a staff-leasing firm that operated a multiple employer welfare arrangement that left participants with as much as $535,000 in unpaid health claims.

April 13, 2004

U.S. Labor Department Sues Fiduciary of Michigan 401(k) Plan Over Misuse of Employee Pension Contributions

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

Grand Rapids, Michigan - The U.S. Department of Labor has sued the owner of Van-Kal Truck Equipment Inc. of Mattawan, Michigan, for failing to forward employee contributions to the company’s 401 (k) plan. The department also sued owner Steven P. Mullins to prevent him from discharging any debt owed to the plan.

April 12, 2004

Labor Department Sues Owner of Minnesota Company Over Delinquent Employee Contributions

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

Kansas City, Missouri - The U.S. Department of Labor has sued the owner of Ver-Sa-Til Associates, Inc. in Chanhassen, Minnesota, for failing to timely forward employee contributions owed to the company’s profit sharing plan.

April 7, 2004

Employee Benefits Security Administration Issues Field Assistance Bulletin on Health Savings Accounts

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

Washington, DC - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today released a Field Assistance Bulletin (FAB) providing enforcement guidance to field investigators on Health Savings Accounts (HSAs).

April 5, 2004

Labor Department Sues Michigan Firms, Owner and Plan Trustee For Misusing 401(k) Plan Assets

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

Grand Rapids, Michigan - The U.S. Department of Labor sued Kalamazoo, Michigan-based companies Magic P.I. & Security, Inc., and Magic Civil Process, Inc., the companies’ owner and the 401(k) plan trustee of Magic P.I. for misusing $511,157 in plan assets.

April 5, 2004

Former President of Georgia Corporation Indicted For Embezzlement and Healthcare Fraud

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

March 31, 2004

Deputy Assistant Secretary Named for Employee Benefits Security Administration

WASHINGTON—The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced the appointment of Bradford P. Campbell to the position of Deputy Assistant Secretary for Policy.

Mr. Campbell directs the policy, legislative and research functions of the agency that administers the Employee Retirement Income Security Act (ERISA). He serves as a liaison to other government agencies and the private sector on a variety of issues relating to ERISA.