June 9, 1998

News Release Archive: ESA Press Release: Labor Department Highlights Job Safety for Teens in Summer Jobs

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: Labor Department Highlights Job Safety for Teens in Summer Jobs [06/09/1998]

June 9, 1998

Labor Department Recovers Over $2 Million For Union Pension Plans

Archived News Release — Caution: Information may be out of date.

The U. S. Department of Labor obtained a settlement agreement with trustees of the Connecticut Plumbers and Pipefitters pension fund and a former securities broker requiring them to pay more than $2.4 million in restitution and civil penalties. The settlement also requires the trustees to establish procedures on and monitor investments by the plan.

June 5, 1998

News Release Archive: ESA Press Release: U.S. Labor Department Cites Kmart Corporation for Federal Child Labor Violations

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: U.S. Labor Department Cites Kmart Corporation for Federal Child Labor Violations [06/05/1998]

For more information call: (202) 219-8211

Kmart Corporation, headquartered in Troy, Michigan, was fined $33,600 by the U.S. Labor Department for allowing underage workers to operate hazardous equipment at three of its stores.

June 4, 1998

Louisiana Home Health Care Providers Sued for Misuse of Pension

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor today sued five home health care firms located throughout Louisiana, their principals and trustees of the firms’ pension plans for improperly using pension plan assets to benefit affiliated companies and plan trustees and to purchase the stock of a related company.

June 4, 1998

EBSA Press Release: Labor Secretary Herman Says First Saver Summit is a Step to Securing the Future of America's Workers [06/04/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: 202/219-8921

Washington, D.C. - In an effort to educate Americans about the importance of saving for retirement, Secretary of Labor Alexis M. Herman will join President Clinton and members of Congress for the first National Summit on Retirement Savings. It will be held at the Hyatt Regency Capitol Hill in Washington, D.C. today and Friday, June 5.

June 4, 1998

Chicago Attorney Sentenced To Jail In Pension Fraud Scheme

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

Chicago attorney George C. Hook was sentenced to seven years in prison and ordered to make $735,566 in restitution to the pension plan of Wittek Industries, now under trusteeship of the Pension Benefit Guaranty Corporation. The May 26 sentencing took place in the federal district court in Peoria, III. Hook was convicted May 29, 1997 of wire fraud, theft from a pension plan and money laundering for his role in raiding the company's pension plan.

June 2, 1998

EBSA Press Release: Labor Department Unveils New Interactive Website for Small Businesses [06/02/1998]

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

For more information call: (202) 219-8921

Small Business Administration Encourages Business Use

Secretary of Labor Alexis Herman today unveiled a new interactive website for small business owners who want to start a retirement savings plan for their employees.

May 29, 1998

Ohio Bank And Executives Sued For Misusing ESOP Assets

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

Haverfield Corp. of Cleveland and certain corporate executives misused assets of the Haverfield Corp employee stock ownership plan (ESOP) to purchase company stock for the plan at artificially inflated prices, according to a lawsuit filed today by the U. S. Department of Labor.

May 27, 1998

EBSA Press Release: ERISA Advisory Council and Working Groups to Meet in June [05/27/1998]

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

For more information call: (202) 219-8921

The Advisory Council on Employee Welfare and Pension Benefit Plans, more popularly known as the ERISA Advisory Council, and its three recently-formed working groups will hold public meetings June 8 and 9. All sessions will take place in Conference Room N-4437 C&D at the U.S. Department of Labor's Frances Perkins Building, 200 Constitution Avenue NW, Washington, D.C.

May 4, 1998

Philadelphia Nursing Home Pension Trustees Ordered To Resign Positions And Repay Plan

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

Philadelphia-based Mercy-Douglass Corp., its subsidiaries and trustees of the company's pension plan have agreed to repay the plan $432,137, including interest, as a result of a consent judgment obtained by the U.S. Labor Department.

In addition, the consent judgment requires that an independent trustee be appointed to manage the plan.

May 4, 1998

Pa. Pension Trustee Sentenced For Embezzling Plan Money

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

A federal district court in Philadelphia ordered the trustee of the Dr. Lawrence Manin Profit Sharing Plan, located in Cherry Hill, N.J., to make $24,093 in restitution, sentenced him to12 months and one day in prison in prison, and placed him on probation.

April 29, 1998

Former Orange County Investment Firm Sued Over Mismanagement Of Profit Sharing Plan

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

The owner of a real estate investment firm, Bainbridge Investments, Inc., formerly located in Orange County, Calif., was sued by the U. S. Department of Labor for improperly operating the company’s profit sharing plan. The plan was financially illiquid and resulted in its inability to pay benefits owed to participants.

April 28, 1998

News Release Archive: OIG Press Release: Members of Three Organized Crime Families Indicted on Racketeering and Extortion Charges in Garment Industry

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

U.S. DEPARTMENT OF LABOR

Office of the Inspector General

OIG Press Release: Members of Three Organized Crime Families Indicted on Racketeering and Extortion Charges in Garment Industry [04/28/1998]

April 24, 1998

News Release Archive: ESA Press Release: U.S. Department of Labor Again Sues Iowa Beef Processors, Inc. For Labor Law Violations

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 Again Sues Iowa Beef Processors, Inc. For Labor Law Violations [04/24/1998]

April 24, 1998

EBSA Press Release: ERISA Advisory Council Working Groups to Hold Organizational Meetings in May [04/24/1998]

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

April 20, 1998

News Release Archive: ILAB Press Release: Herman Expands Department's Fight Against Child Labor to Central America

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

U.S. DEPARTMENT OF LABOR

Bureau of International Labor Affairs

ILAB Press Release: Herman Expands Department's Fight Against Child Labor to Central America [04/20/1998]

April 20, 1998

Colorado Leasing Firm And Owner Barred From Handling Plan Busi

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

PROSERA CMI, Inc., an employee leasing firm formerly headquartered in Englewood, Colo., affiliated firms and their owner were removed from their positions with the firm’s health plan and permanently barred from serving or doing business with employee benefit plans governed by federal pension law under a court judgment obtained by the U. S. Department of Labor.

April 17, 1998

News Release Archive: ESA Press Release: U.S. Department of Labor Finds 36 YoungChildren Illegally Employed in Texas Agriculture; Four Growers Agree to Compliance Monitoring

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 Finds 36 Young Children Illegally Employed in Texas Agriculture; Four Growers Agree to Compliance Monitoring [04/17/1998]

April 17, 1998

News Release Archive: ESA Press Release: Corestates Enters into $1.5 Million Settlement Agreement with U.S. Labor Department

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

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: CoreStates Enters into $1.5 Million Settlement Agreement with U.S. Labor Department [04/17/1998]