October 21, 2010

ETA Press Release: Unemployment Insurance Weekly Claims Report

SEASONALLY ADJUSTED DATA In the week ending Oct. 16, the advance figure for seasonally adjusted initial claims was 452,000, a decrease of 23,000 from the previous week's revised figure of 475,000. The 4-week moving average was 458,000, a decrease of 4,250 from the previous week's revised average of 462,250.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 9, unchanged from the prior week's unrevised rate of 3.5 percent.

October 21, 2010

US Labor Department settles hiring discrimination case with Tyson Refrigerated Processed Meats in Vernon, Texas

VERNON, Texas The U.S. Department of Labor's Office of Federal Contract Compliance Programs has announced that Tyson Refrigerated Processed Meats Inc. has agreed to settle findings of hiring discrimination against 157 African-American and 375 Caucasian applicants for laborer positions at the company's bacon processing plant in Vernon.

October 21, 2010

US Department of Labor and AICPA sponsor website highlighting small business retirement solutions

Washington – The U.S. Department of Labor and the American Institute of Certified Public Accountants today launched a new, interactive website to help small businesses select a retirement plan suitable for their employees.

The website, "Choosing A Retirement Solution for Your Small Business" – available at http://www.choosingaretirementsolution.org. – was jointly developed and is co-sponsored by the Labor Department's Employee Benefits Security Administration and the AICPA.

October 21, 2010

US Department of Labor sues New York-based investment managers and advisors over plan investments with Bernard Madoff

New York – The U.S. Department of Labor has sued Beacon Associates Management Corp., Andover Associates Management Corp., Ivy Asset Management LLC, J.P. Jeanneret Associates Inc. and the principals of the four companies for causing dozens of pension, health and other employee benefit plan clients to lose hundreds of millions of dollars through investments with Bernard L. Madoff and his firm.

October 21, 2010

US Labor Department proposes rule defining 'fiduciaries' of employee benefit plans

Washington – The U.S. Department of Labor's Employee Benefits Security Administration today announced a proposed rule to update the definition of "fiduciary" to more broadly define the term as a person who provides investment advice to plans for a fee or other compensation.

October 20, 2010

US Department of Labor announces grant to help Virginians looking for work cover health insurance payments

WASHINGTON – The U.S. Department of Labor today announced a $3,008,790 grant to provide an estimated 1,868 jobless workers in Virginia with partial premium payments for health insurance coverage.

October 20, 2010

Assistant Secretary of Labor Phyllis C. Borzi to discuss proposed regulation amending definition of ‘fiduciary’

WASHINGTON – Phyllis C. Borzi, assistant secretary of the U.S. Department of Labor’s Employee Benefits Security Administration, will hold an Oct. 21 conference call with members of the media to discuss a proposed rule to amend the regulatory definition of the term “fiduciary” under section 3(21) of the Employee Retirement Income Security Act. The proposed amendment would better reflect the current practices of investment advisers and the expectations of plan officials and participants who receive investment advice.

October 19, 2010

US Labor Department announces more than $1.3 million in unemployment insurance modernization incentive funds to US Virgin Islands

WASHINGTON – The U.S. Department of Labor today certified for release $1,335,274 in unemployment insurance modernization incentive funds to the U.S. Virgin Islands. The territory qualified for these funds, which account for the remaining two-thirds of its share of the funds available under the American Recovery and Reinvestment Act, by making unemployment benefits available to part-time workers and by including certain family-friendly provisions in its UI law.

October 19, 2010

MSHA issues more than 550 violations during September impact inspections

ARLINGTON, Va. The U.S. Department of Labor's Mine Safety and Health Administration today announced that federal inspectors issued 499 citations, 61 orders and three safeguards during special impact inspections conducted at 15 coal and 15 metal/nonmetal mine operations last month.

October 19, 2010

US Department of Labor adds new information to Site Exposure Matrices website about toxic substances at nuclear weapons facilities

WASHINGTON — The U.S. Department of Labor today announced its continued expansion of the Site Exposure Matrices website with the release of information on an additional 23 U.S. Department of Energy nuclear weapons facilities, including Rocky Flats in Colorado.

October 19, 2010

U.S. Department of Labor’s ERISA Advisory Council to meet Nov. 3-4, 2010

WASHINGTON – The Advisory Council on Employee Welfare and Pension Benefit Plans – known as the ERISA Advisory Council – will meet Nov. 3-4, at the U.S. Department of Labor, 200 Constitution Ave. NW, Room C-5515-1A, in Washington, D.C.

October 18, 2010

Judge orders executive of Ohio-based Three Rivers Option Care to repay more than $78,000 to employee SIMPLE IRA plan after US Labor Department investigation

COSHOCTON, Ohio – A federal district court in Columbus, Ohio, has entered a consent order and judgment requiring Barbara Elise Miller, an executive of Three Rivers Option Care in Coshocton, to repay $78,562.81 in employee contributions and lost opportunity costs to the participants and beneficiaries of the company’s savings investment match plan for employees individual retirement account plan. The judgment follows an investigation conducted by the U.S. Department of Labor into alleged violations of the Employee Retirement Income Security Act.

October 14, 2010

MSHA issues statement in response to Chilean mine rescue

ARLINGTON, Va. – The U.S. Department of Labor's Mine Safety and Health Administration Assistant Secretary Joseph A. Main released the following statement in response to the successful rescue of 33 Chilean miners who had been trapped in an underground copper mine for 69 days, following a massive cave-in on Aug. 5:

October 14, 2010

MSHA issues proposed rule on lowering miners exposure to respirable coal dust

Aim is to end black lung disease among miners

ARLINGTON, Va. – The U.S. Department of Labor's Mine Safety and Health Administration today announced the release of a proposed rule on lowering miners' exposure to respirable coal dust in all underground and surface coal mines. The proposed rule is the latest element of MSHA's "End Black Lung – Act Now" campaign.

October 14, 2010

US Department of Labor announces more than $984,000 to assist Ohio residents affected by steel industry layoffs

WASHINGTON – The U.S. Department of Labor today announced a $984,248 grant to assist approximately 130 workers affected by layoffs at five Severstal locations four in Ohio and one in West Virginia and one supplier, Kinder-Morgan, located in Pennsylvania. Those eligible for services under this grant are Ohio residents.

October 14, 2010

ETA Press Release: Unemployment Insurance Weekly Claims Report

SEASONALLY ADJUSTED DATA In the week ending Oct. 9, the advance figure for seasonally adjusted initial claims was 462,000, an increase of 13,000 from the previous week's revised figure of 449,000. The 4-week moving average was 459,000, an increase of 2,250 from the previous week's revised average of 456,750.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 2, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.

October 14, 2010

US Department of Labor and Puerto Rico Department of Labor sign partnership agreement

GUAYNABO, Puerto Rico — The U.S. Department of Labors Wage and Hour Division and the Puerto Rico Department of Labor and Human Resources, Labor Standards Division, have entered into a partnership agreement aimed at ensuring compliance among employers in Puerto Rico with both federal and the commonwealths labor laws.

October 14, 2010

US Labor Department issues final rule to improve transparency of fees and expenses to workers with 401(k)–type retirement plans

WASHINGTON — The U.S. Department of Labor’s Employee Benefits Security Administration today announced a final rule to give the estimated 72 million participants covered by 401(k)-type retirement plans greater information regarding the fees and expenses associated with their plans in order to better manage their retirement savings.

October 14, 2010

US Labor Department obtains appointment of fiduciary to manage abandoned 401(k) plan of defunct Missouri company

KANSAS CITY, Mo. – A federal district court in Missouri has appointed the law firm of Spencer Fane Britt & Brown LLP of Overland Park, Kan., to manage the abandoned Lone Wolf Enterprises 401(k) Profit Sharing Plan, wind down the affairs of the plan and distribute its assets to eligible participants and service providers, according to a consent decree obtained by the U.S. Department of Labor.

October 13, 2010

US Department of Labor announces more than $3.5 million to assist workers in Delaware affected by refinery layoffs

WASHINGTON – The U.S. Department of Labor today announced a $3,511,254 grant to assist approximately 546 workers affected by layoffs at Valero Energy Corp. located in Delaware City, Del.

"Losing a job hurts. Beyond providing wages, our jobs are so much a part of our identity. These funds will help workers get back into the job market, and back to lifelong career paths," said Secretary of Labor Hilda L. Solis. "Workers will have the opportunity to upgrade their skills to obtain jobs similar to those they lost or pursue new careers in other fields."