by bobroff | May 26, 2016 | Developments in the Law
After the Treasury Department stung Central States Pension Fund by rejecting the Fund’s Rescue Plan on May 6, 2016, the Fund quickly advised employers it would not seek approval of a new or revised Rescue Plan. Rather, Central States is putting its efforts into a...
by bobroff | May 19, 2016 | Developments in the Law
On Wednesday, May 18, 2016, the United States Department of Labor released the new overtime rules under the Fair Labor Standards Act. The Department of Labor estimates that 4.2 million employees will be affected. In order for an employee to qualify as an exempt...
by bobroff | May 12, 2016 | Developments in the Law
On Friday, May 6, 2016 the Department of the Treasury rejected the Rescue Plan filed by the Central States Pension Fund on September 25, 2015. The Special Master’s reasons for doing so can be boiled down to a few basic problems with the Plan: 1. The Plan did...