Walsh pledges revamped effort on worker rights
Labor Department nominee also vows to address multiemployer fund crisis
Nominee for Secretary of Labor Marty Walsh
Tackling issues on workers rights and safety will be top of mind for Marty Walsh if he s confirmed to lead the Department of Labor, but he also vowed to address the mounting multiemployer pension crisis during his Senate confirmation hearing Thursday.
Mr. Walsh, who has served as Boston s mayor since 2014 and is President Joe Biden s nominee for labor secretary, has an extensive labor background, including leading the Boston Metropolitan District Building Trades Council from 2011-2013.
Retirement issues weren t a focus during the Senate Health, Education, Labor and Pensions Committee hearing, as most committee members asked questions of Mr. Walsh on getting people back to work, protecting workers during the pandemic, boosting unemployment insurance and improving job training programs.
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DOL tells 401(k) sponsors how to find ‘missing’ participants
That guidance comes years after it was requested by industry groups. The Department of Labor regularly investigates employers for the issue of missing participants, but until now it hadn t provided clear steps on how to remedy the problem.
January 13, 2021 3 MINS
The DOL on Tuesday told retirement plan sponsors how to avoid getting in hot water over plan participants they’ve lost track of, including guidance on how employers should try to locate such “missing” participants.
That guidance comes years after it was requested by industry groups. The Department of Labor regularly investigates employers for the issue of missing participants, but until now it hadn’t provided clear steps on how to remedy the problem.
Bankruptcy ends Akron Beacon Journal retiree medical benefits
Print
A bankruptcy case is closing the books on the Beacon Journal Publishing Co., an entity created by Black Press Ltd. of Canada, which owned the Akron Beacon Journal newspaper from 2006 to 2018.
The Nov. 11, 2020, bankruptcy filing will have no impact on the publication of the newspaper, which Black sold to the Gannett Co. in 2018. The greatest local impact will be felt by roughly 50 former Beacon Journal retirees, who have lost medical and prescription drug coverage. Some didn t learn they no longer had coverage until they went to their pharmacy to pick up prescriptions.