Labor Department News Releases Update

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10/31/2014 03:45 PM EDT

Following a 19-day trial, a U.S. District Court judge has issued a judgment and order requiring fiduciaries to pay more than $6.48 million to the two employee stock ownership plans sponsored by Bruister and Associates Inc. The order stems from a lawsuit filed by the U.S. Department of Labor in U.S. District Court for the Southern District of Mississippi, Northern Division, alleging that the fiduciaries caused the plans to pay too much for BAI stock.
10/31/2014 02:30 PM EDT

The U.S. Department of Labor’s Mine Safety and Health Administration today announced that federal inspectors issued 192 citations, five orders and one safeguard during special impact inspections conducted at nine coal and four metal and nonmetal mines in September.
10/31/2014 02:00 PM EDT

The U.S. Department of Labor has announced a 60-day extension of the comment period for its proposed rule requiring federal contractors and subcontractors to submit an annual Equal Pay Report on employee compensation to the Office of Federal Contract Compliance Programs. Under the terms of the proposal, this requirement would apply to companies that file EEO-1 reports, have more than 100 employees, and hold federal contracts or subcontracts worth $50,000 or more for at least 30 days. Through the Equal Pay Report, OFCCP would be able to collect summary employee pay and demographic data using existing government reporting frameworks.