Retirement Plan Fees—Yale Law School Professor Causes Stir

A Yale Law School professor recently raised hackles in the benefits community by sending unsolicited letters to thousands of retirement plan sponsors.  Ian Ayres, who is the William K. Townsend Professor at Yale Law School, is studying the financial impact of investment and administrative fees in retirement plans.  Using data from Forms 5500 filed for the 2009 plan year, Prof. Ayres identified plans that he believes have excessive costs.

Over the past few weeks, Prof. […]

By | July 30th, 2013 ||

Romania: New Proposals For Amending The Romanian Labour Code

Not happy with the latest amendments to the Labour Code, trade unions are striving to change the situation in their favour.
Employees against employers
Only one year from the latest important changes to the Romanian Labour Code, one of the country’s biggest trade unions drafted a project for amending again the Labour Code. The project is co-financed by the European Social Found though the Operational Programme for Human Resources Development 2007 – 2013.

The trade unions see […]

By | July 27th, 2013 ||

South Africa: New Basic Conditions Of Employment Act Earnings Threshold

On 1 July 2013, the Minister of Labour announced that, with effect from 1 July 2013, the earnings threshold in the Basic Conditions of Employment Act (BCEA), which operates to exclude employees earning above the threshold from certain BCEA entitlements and protections, will increase from the current R183,008 per annum to R193,805 per annum, an increase of approximately 5.9%.

Employees earning above this threshold are excluded from working time protections such as maximum ordinary working […]

By | July 25th, 2013 ||