September 16, 2009

U.S. Labor Department sues former CEO of defunct Centerbrook, Connecticut, company to recover misused assets of employee 401(k) plan

Boston – The U.S. Department of Labor has sued the former chief executive officer of defunct F & F Industries Inc., formerly of Centerbrook, Connecticut, for alleged misuse of approximately $63,800 of assets of the company’s 401(k) plan and for failure to collect more than $81,000 in employer contributions for employees who worked on jobs covered by the Connecticut state prevailing wage laws.

September 15, 2009

MSHA awards $500,000 in Brookwood-Sago mine safety grants

Appalachian region is recipient of 3 of 6 grants

September 15, 2009

U.S. Department of Labor sues owner of defunct Florida home health care company to obtain restitution of funds to company's pension plan

Atlanta – The U.S. Department of Labor has sued Floyd Seibert for violations of the Employee Retirement Income Security Act (ERISA).

Filed in the U.S. District Court for the Middle District of Florida, the complaint alleges that the defendant violated his fiduciary responsibilities when he failed to discharge his duties with respect to the Central Home Care Services 401(k) pension plan by engaging in prohibited transactions.

September 11, 2009

U.S. Department of Labor’s ERISA Advisory Council to hold September 29 teleconference

Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (known as the ERISA Advisory Council) will convene by teleconference September 29 to discuss reports and recommendations on topics to be submitted to the secretary of labor.

September 10, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

SEASONALLY ADJUSTED DATA In the week ending Sept. 5, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 26,000 from the previous week's revised figure of 576,000. The 4-week moving average was 570,000, a decrease of 2,750 from the previous week's revised average of 572,750.

The advance seasonally adjusted insured unemployment rate was 4.6 percent for the week ending Aug. 29, a decrease of 0.1 percentage point from the prior week's unrevised rate of 4.7 percent.

September 10, 2009

Statement of U.S. Secretary of Labor Hilda L. Solis on Sen. Tom Harkin as new chairman of HELP Committee

WASHINGTON – Secretary of Labor Hilda L. Solis today issued the following statement regarding Sen. Tom Harkin as chairman of the U.S. Senate Health, Education, Labor and Pensions (HELP) Committee:

"I am delighted to congratulate Sen. Tom Harkin on his new role as chairman of the HELP Committee.

September 10, 2009

U.S. Labor Department announces release of $11.1 million in unemployment insurance modernization incentive funds to West Virginia

WASHINGTON – The U.S. Department of Labor today certified for release $11,058,877 in unemployment insurance (UI) modernization incentive funds to the state of West Virginia. West Virginia qualified for a portion of its share of the funds available under the American Recovery and Reinvestment Act (Recovery Act) by allowing workers to use their more recent earnings to qualify for benefits.

September 10, 2009

U.S. Labor Department issues reports on international child labor and forced labor

WASHINGTONThe U.S. Department of Labor's Bureau of International Labor Affairs (ILAB) today released three reports on child labor and/or forced labor in countries around the globe. The documents include the initial "List of Goods Produced by Child or Forced Labor" required by the Trafficking Victims Protection Reauthorization Act of 2005 (TVPRA List).

September 10, 2009

Statement by U.S. Secretary of Labor Hilda L. Solis on reports detailing international child labor and forced labor

WASHINGTON — The U.S. Department of Labor today released three reports on child labor and forced labor around the world. The reports, which can be downloaded at http://www.dol.gov/ilab include a list of 122 goods — from 58 countries — made using child labor and forced labor.

Secretary of Labor Hilda L. Solis issued the following statement:

September 10, 2009

U.S. Labor Department sues fiduciary of ERISA-covered plan sponsored by Twinsburg, Ohio, company

Twinsburg, Ohio – The U.S. Department of Labor has sued the former president and fiduciary to the 401(k) retirement plan of Precision Funding Corp., a mortgage broker, for improperly using plan assets withheld from employees’ pay for the benefit of the company, in violation of the Employee Retirement Income Security Act (ERISA).

September 9, 2009

U.S. Labor Department announces release of $42.5 million in unemployment insurance modernization incentive funds to Colorado

WASHINGTON – The U.S. Department of Labor today certified for release $42,489,921 in unemployment insurance (UI) modernization incentive funds to the state of Colorado. Colorado qualified for a portion of its share of the funds available under the American Recovery and Reinvestment Act (Recovery Act) by allowing workers to use their more recent earnings to qualify for benefits.

September 9, 2009

U.S. Labor Departments OSHA issues final rule updating personal protective equipment standards based on national consensus standards

WASHINGTON – The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) today published in the Federal Register a final rule revising the personal protective equipment (PPE) sections of its general industry, shipyard employment, longshoring and marine terminals standards concerning requirements for eye- and face-protective devices, and head and foot protection.

September 8, 2009

U.S. Department of Labor announces grant exceeding $1 million to assist workers in Iowa affected by manufacturing industry layoffs

WASHINGTON – The U.S. Department of Labor today announced a $1,096,423 grant to assist approximately 178 workers affected by layoffs at Alcoa North American Rolled Products in Bettendorf, Iowa, and John Deere Davenport Works in Davenport, Iowa.

"Iowa workers affected by these layoffs need and deserve support," said Secretary of Labor Hilda L. Solis. "The grant announced today will provide retraining, job search assistance and other services to help them prepare for career track positions in promising regional industries."

September 8, 2009

Employee Benefits Security Administration Releases Field Assistance Bulletin on Use of Summary Prospectus Requirements

Washington - The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2009-03 that describes the circumstances under which a participant-directed individual account plan may satisfy the prospectus delivery requirements of section 404(c) of the Employee Retirement Income Security Act by furnishing a “Summary Prospectus” pursuant to requirements established by the Securities and Exchange Commission (SEC).

September 8, 2009

U.S. Labor Department sues to appoint independent fiduciary for 401(k) plan abandoned by Buffalo, New York , employer

New York - The U.S. Department of Labor has filed a lawsuit in U.S. District Court for the Western District of New York seeking the appointment of an independent fiduciary to oversee the abandoned 401(k) plan of defunct Digitel Solutions for Business Inc. or Empire Telecom Systems Corp., formerly located in Buffalo, New York .

September 4, 2009

Statement by U.S. Secretary of Labor Hilda L. Solis for Labor Day

WASHINGTON – Secretary of Labor Hilda L. Solis today issued the following statement for Labor Day:

"On Monday, Sept. 7, we will celebrate a great American holiday – Labor Day. Over the years, it may have become a time for backyard barbecues. But the real intent behind today's holiday is honoring the contributions of American workers.

September 4, 2009

Statement of U.S. Secretary of Labor Hilda L. Solis on August employment numbers

WASHINGTON – Secretary of Labor Hilda L. Solis issued the following statement on the August 2009 Employment Situation report issued today:

"This past August, the economy lost 216,000 jobs – fewer than what most experts expected. The overall unemployment rate is now 9.7 percent. Last month's jobs loss is an improvement from the average 700,000 jobs our economy was losing every month when this administration took office, but is still by no means acceptable.

September 3, 2009

ETA Press Release: Unemployment Insurance Weekly Claims Report

SEASONALLY ADJUSTED DATA In the week ending Aug. 29, the advance figure for seasonally adjusted initial claims was 570,000, a decrease of 4,000 from the previous week's revised figure of 574,000. The 4-week moving average was 571,250, an increase of 4,000 from the previous week's revised average of 567,250.

The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending Aug. 22, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.6 percent.

September 3, 2009

U.S. Labor Department announces release of $20.9 million in unemployment insurance modernization incentive funds to New Hampshire

WASHINGTON – The U.S. Department of Labor today certified for release $20,934,147 in unemployment insurance (UI) modernization incentive funds to the state of New Hampshire. New Hampshire qualified for the remaining two-thirds of its share of the funds available under the American Recovery and Reinvestment Act (Recovery Act) by making it easier for unemployed workers seeking part-time work and those unemployed for family reasons to be eligible for benefits.

September 3, 2009

U.S. Labor Department proposes civil penalty rules for multiemployer defined benefit pension plans that fail to take corrective funding action

Washington —The U.S. Department of Labor has proposed a regulation to assess civil penalties against plan sponsors of multiemployer defined benefit pension plans that fail to adopt a funding improvement or rehabilitation plan in accordance with the Employee Retirement Income Security Act (ERISA) as amended by the Pension Protection Act (PPA).