DOL wants to know: should it halt the fiduciary rule? - HR Dive

The U.S. Labor Dept. (DOL) has asked stakeholders to weigh in on impending effective dates in the new, so-called fiduciary rule. The regulation, issued during the Obama administration, set new conduct standards for individuals who give retirement ...

Trump Wants To Rewrite Obama's Overtime Reforms - HuffPost

If he does, fewer workers will be entitled to time-and-a-half pay than Obama wanted. By Dave Jamieson. Jonathan Ernst / Reuters. WASHINGTON ― The 80-hour work week isn't going anywhere for now. The Trump administration on Friday declined to defend ...

New Fiduciary Rule Complicates Matters For Self-Directed IRA Private Fund Investors - Forbes

On June 9, 2017, the Department of Labor's (DOL) final rule meaningfully expanded when a person is deemed to be treated as a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code) as a result ...

DOL asks 5th Circuit to reaffirm its authority to issue overtime rule - Business Insurance

The U.S. Department of Labor on Friday asked an appeals court to reaffirm its authority to establish a salary level for overtime-exempt employees. But the reply brief filed with the 5th U.S. Circuit Court of Appeals in New Orleans also asks that the ...

Trump administration backs away from Obama overtime rule - CNNMoney

The Justice Department will not defend an Obama-era rule that would make workers automatically eligible for overtime pay if they make less than $47,000 a year. The Trump administration said in a court filing Friday that it wants the right to set that ...

Department of Labor Reconsiders Overtime Pay Increase - Hardware Retailing

The Department of Labor announced it is requesting feedback from the Office of Management and Budget on a proposed policy that would make millions more Americans eligible for overtime pay, reports The Washington Post. The policy was introduced by ...

Trump Labor Dept wants salary to count in overtime eligibility - Reuters

U.S. Labor Secretary Alexander Acosta speaks at the SelectUSA Investment Summit in National Harbor, Maryland, U.S., June 20, 2017. Reuters/Kevin Lamarque. Trump Labor Dept wants salary to count in overtime...X. By Robert Iafolla. The U.S. Labor ...

5 things Trump did while you weren't looking: Week 4 - Politico

It was “Energy Week” in Washington—but you'd be forgiven for not noticing. The Supreme Court announced a series of major decisions on Monday, slightly easing the injunction on President Donald Trump's travel ban and taking up a big gerrymandering ...

Trump Administration Says It Won't Defend Obama-Era Overtime Rule - The Daily Caller

President Donald Trump's Department of Labor (DOL) announced that it would not defend an Obama-era rule that has doubled the salary threshold at which employers must provide overtime compensation to employees. The rule, championed by former ...

Want to chime in? DoL seeks yet more fiduciary input; may delay final phase-in - On Wall Street

The agency announced it is seeking public input on whether and how it should amend the fiduciary rule, including postponing implementation of the regulation's remaining components, currently set for the Jan. 1. It's the latest maneuver in an ongoing ...

Trump DOL to the Fifth Circuit: Uphold Ability to Set a Salary Level, But Don't Rule on $913 Per Week Threshold - The National Law Review

For the past seven months, employers throughout the country have been wondering what the future would hold with respect to the revised overtime regulations that were supposed to become effective last December and what position the U.S. Department of ...

Labor Department Moves to Revise Overtime Rule - Associations Now

The Department of Labor sent a formal request for information on the overtime rule to the Office of Management and Budget. Once the request is published, the public can submit comments. The Department of Labor (DOL) has signaled that it may move to ...

DOL Seeks Feedback on Fiduciary Rule - ABA Banking Journal (blog)

The Department of Labor yesterday issued a request for information on the fiduciary rule as part of its ongoing review of the rule in response to an executive order by President Trump. The rule, which greatly expanded the definition of who counts as a ...

Trump administration moves forward with overtime pay - Norwalk Reflector

WASHINGTON — At the urging of U.S. Sen. Sherrod Brown, the Trump Administration announced today that it will move forward with a Department of Labor rule from the Obama Administration to secure overtime pay for American workers. Brown called Labor ...

DOL Pushes Ahead With Appeal of Overtime Rule Injunction - The National Law Review

Earlier today, the U.S. Department of Labor filed a reply brief in further support of its appeal of the November 22, 2016 order in State of Nevada v. United States Dep't of Labor, No. 4:16-CV-00731 (E.D. Tex.). That order, issued by federal district ...

Trump's Labor Dept. Tells Court It Will Revise Obama's Overtime Rule - The National Law Journal (registration)

The U.S. Labor Department told a federal appeals court Friday that while it intends to revise the Obama-era rule that made millions of workers eligible for overtime pay the agency will continue to defend its authority to create and enforce such a ...

Obama-Era Overtime Rule Could be Finished - QSR magazine (press release) (registration)

Chipotle is facing a possible lawsuit in New Jersey regarding the overtime rule. flickr: Mike Mozart. Bookmark/Search this post. Facebook logo · LinkedIn logo · Digg logo · Twitter logo · Email this story · Printer-friendly version ...

The best way for retirement-plan sponsors to hire a fiduciary - MarketWatch

In this day of increasing regulation from the Labor Department, questions regarding what it means to be a fiduciary, and the controversy surrounding how a financial planner gets compensated, it's no wonder that business owners are confused when it ...

Trump's Labor Department wants salary to count on overtime rule - CNBC

The Labor Department said Friday it wants salary level to count in deciding who is eligible for overtime pay. It is still holding off setting the maximum pay a worker can get and still qualify. 6 Hours Ago The Associated Press. SHARES ...

Labor Department Seeks More Input on Fiduciary Rule - Wall Street Journal (subscription)

The Labor Department said it is seeking more public feedback on the fiduciary rule, a sign that the retirement-savings regulation could still be revised before it takes full effect. The heart of the fiduciary rule, which requires stewards of some $3 ...