Administration - standing to sue; disclosure; civil penalties

Article Abstract:

Lawyer John Crotty, who participated in the profit-sharing and money purchase plans at the law firm he worked for, sued the firm and its plan administrator, J Gordon Cook, upon discovering that he had two-years' worth of unfunded and unpaid benefits. Although a district court initially ruled that Crotty lost his standing to sue under Employee Retirement Income Security Act (ERISA) since the firm has paid his vested benefits, the Ninth Circuit reversed the decision by ruling that Crotty had standing as he received his vested benefits only after he filed suit. Among others, ERISA ensures that the interests of plan beneficiaries are protected by the standards of conduct and responsibility it set for plan administrators.

Cases, Attorneys, Lawyers, Crotty, John

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Energizing corporate culture and creating competitive advantage: a new look at workforce programs

Article Abstract:

Work/life programs can be effective in enhancing the ability of companies to recruit and keep their most productive employees. These workforce programs can cushion the ill effects of organizational restructuring, reengineering and rightsizing that may leave some employees disgruntled and dissatisfying potentially productive ones. The maintenance of a corporate culture that aligns human capital with financial capital may be one way of ensuring organizational and financial success.

Business Personnel Management, Methods, Analysis, Management, Economic aspects, Job satisfaction, Employee development, Work and family, Human resource management )

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A review of ethical considerations in benefits planning

Article Abstract:

Managers can answer ethical issues in benefits planning by identifying and addressing the needs of all parties involved. Decisions should take into account the impact on employees, the company and the insurer. By evaluating the affect of costs and risks to each group and considering a variety of options, managers can make appropriate and ethical benefits decisions.

Insurance industry, Ethical aspects, Business enterprises

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