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Labor And Employment Changes Ahead For Gov't Contractors

Labor And Employment Changes Ahead For Gov't Contractors
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

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Joe Biden Has a Problem at the Department of Labor

Joe Biden Has a Problem at the Department of Labor
The Department of Labor doesn’t get a lot of coverage, but is consequential in enforcing labor and wage laws, assessing employment data and dealing with labor-management matters at a time when the recovery of the United States is key.
Republicans are choosy about which of President Joe Biden’s nominees to fight more interested in low-hanging fruit such as ideological firebrands Neera Tanden for budget director and Health and Human Services pick Xavier Becerra. The Labor Department is rarely a very contentious post.
Biden tapped Boston Mayor Marty Walsh to be labor secretary and California’s labor secretary Julie Su for the deputy post. These two are hardly an inspiring duo for ethics or competence. ....

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Some Say Union Revival Could Address Retirement Insecurity

Some Say Union Revival Could Address Retirement Insecurity
Data from the Bureau of Labor Statistics shows the U.S. now has the fifth lowest trade union density of the 36 member nations of the Organization for Economic Co-operation and Development.
Even the most cursory internet search will uncover an array of surveys and studies, conducted by all manner of stakeholders, underlining the substantial decline in U.S. union membership seen over the past several decades.
As data from the Bureau of Labor Statistics (BLS) shows, last year, 10.8% of workers in the United States reported being a union member, compared with 20.1% in 1983. That’s up 0.5 percentage point from 2019’s numbers, but still far lower than in the past. The data shows a strong regional concentration of union membership, as well, with more than half of all U.S. union members living in either California, New York, Illinois, Pennsylvania, New ....

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What Labor Nominee Walsh Means for the Fiduciary Rule's Future

What Labor Nominee Walsh Means for the Fiduciary Rule’s Future
The Democratic Party has already laid down its marker
On January 7, 2021, President-elect Joe Biden named Boston Mayor Martin Walsh as his nominee for Secretary of Labor. Walsh’s nomination raises questions for the future of the Labor Department’s (DOL’s) fiduciary rule, which regulates “investment advice fiduciaries” under the Employee Retirement Income Security Act of 1974 (ERISA).
In particular, the new fiduciary rule guidelines promulgated by the DOL in December 2020 appear to be in jeopardy under a Biden administration with Walsh as Labor Secretary.
Keith Blackman
Background
Under ERISA, an investment advisor is considered a fiduciary with respect to a retirement plan or IRA if the advisor renders “investment advice” for a fee or other compensation. ....

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The Argument to Save Pensions by Saving Unions

The Argument to Save Pensions by Saving Unions
Some sources say growing union membership to previous levels could go a long way toward solving many of the most vexing economic challenges facing Americans today, including retirement insecurity.
Reported by
Even the most cursory internet search will uncover an array of surveys and studies, conducted by all manner of stakeholders, underlining the substantial decline in U.S. union membership seen over the past several decades.
As data from the Bureau of Labor Statistics (BLS) shows, last year, 10.8% of workers in the United States reported being a union member, compared with 20.1% in 1983. That’s up 0.5 percentage point from 2019’s numbers, but still lower than in the past. The data shows a strong regional concentration of union membership, as well, with more than half of all U.S. union members living in either California, New York, Illinois, Pennsylvania, New Jersey, Ohio or Michigan. ....

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