Labor Department News Releases Update

The U.S. Department of Labor's Office of Workers' Compensation Programs is seeking nominations for membership on the newly created Advisory Board on Toxic Substances and Worker Health for Part E of the Energy Employees Occupational Illness Compensation Program Act. The act provides compensation and medical benefits to nuclear weapons workers diagnosed with medical conditions caused by their exposure to toxic substances at covered nuclear facilities. An executive order signed June 26, 2015, directed the department to establish the advisory board.

A federal court in Indiana has entered an Agreed Order and Judgment requiring PBI Bank Inc. to pay $1,052,613 to the Miller's Health Systems Inc., Employee Stock Ownership Plan to restore alleged losses. The judgment resolves a lawsuit filed by the U.S. Department of Labor against PBI alleging it violated the Employee Retirement Income Security Act when it authorized the purchase of company stock by the ESOP for more than fair market value. During the time of the alleged violations PBI served as the Plan's trustee.