‘Domestic Offshoring’ Sends Low-Wage Jobs Out of Key US Cities
The US is becoming increasingly split between high-priced cities where the rich and powerful congregate and more affordable locales that offer
Benefits & Executive Compensation News
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Fixes Are Coming for Recent Retirement Law, Lawmakers Tell IRS
A bipartisan coalition of congressional leaders say they intend to pass new legislation clarifying several head-scratching provisions in a new retirement access package signed into law late last year.
Proposal Giving Teachers, Others Retirement Plan Parity Advances
The House Financial Services Committee approved legislation that would allow teachers and nonprofit workers to access the same retirement investment options as private-sector 401(k) participants.
Mintz Chief Wants Partners to Lead Associates Back to Office
Mintz Levin’s Bob Bodian is looking to coax lawyers back to the office, beginning with the firm’s partners.
Knight-Swift 401(k) Plan Fee Challenge Moves Forward in Arizona
Phoenix-based trucking company
Skadden Forces Lawyers Back to Offices Four Days Per Week
Skadden, Arps, Slate, Meagher & Flom is requiring lawyers to show up in the office four days per week, the law firm confirmed. Skadden lawyers must work in person Monday through Thursday, under the new policy. The elite New York firm previously required attorneys to be in offices Tuesday through Thursday.
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California Pension Bill Seeks $15 Billion Divestment (Correct)
The California state Senate approved a bill that would force the country’s two largest pensions to divest an estimated $15 billion from oil and gas companies, a measure opposed by the funds’ managers.
Aetna Must Face Lawsuit Alleging Failure to Pay Surgery Center
Raytheon Defeats Investor Suit That Blamed Stock Drop on Fraud
Convicted Ex-Judge Must Use Pension Payments to Make Restitution
A former Illinois judge who was disbarred after being found guilty of mortgage fraud must turn over her pension contributions to satisfy what’s left of a $660,200 restitution obligation.
Bill Mandating Uber, Lyft Driver Pay Rates Vetoed in Minnesota
Ropes Guides Hamilton Lane’s $370 Million Impact Fund Close
Ropes & Gray advised investment management firm Hamilton Lane on the close of its second fund aimed at making profitable private equity investments that also have positive social and environmental impact.
Mintz Chief Wants Partners to Lead Associates Back to Office
Mintz Levin’s Bob Bodian is looking to coax lawyers back to the office, beginning with the firm’s partners.
Gorsuch, Jackson Form Unusual Alliance Against Government Power
Neil Gorsuch and Ketanji Brown Jackson are justices on opposite sides of the Supreme Court’s ideological line who have teamed up in four opinions so far this term.
Skadden Forces Lawyers Back to Offices Four Days Per Week
Skadden, Arps, Slate, Meagher & Flom is requiring lawyers to show up in the office four days per week, the law firm confirmed. Skadden lawyers must work in person Monday through Thursday, under the new policy. The elite New York firm previously required attorneys to be in offices Tuesday through Thursday.
IN BRIEF
View MoreCase: Health Care & Benefits/Benefits Denial (N.D. Ill.)
The court granted in part and denied in part a Lutheran Life Ministries employee’s motion for reconsideration of her ERISA action challenging her employer’s denial of severance payments and other compensation, based on the circumstances of her departure. Smith v. Lutheran Life Ministries, 2023 BL 175929, N.D. Ill., 21 C 2066, 5/23/23
Case: Retirement Plans/Benefits Denial (E.D. Pa.)
The court denied Carpenters Pension and Annuity Fund of Philadelphia’s motion to dismiss a Riff Group LLC employee’s ERISA action contending that it arbitrarily and capriciously denied his waiver of suspension of benefits application. Schlear v. Carpenters Pension & Annuity Fund of Phila., 2023 BL 170126, E.D. Pa., 22-1843, 5/18/23
Case: Health Care & Benefits/Jurisdiction (E.D. Mich.)
The court remanded to state court an action by Lawrence E. Moon Funeral Home and an individual against Metropolitan Life Insurance Company seeking payment, because it lacks subject matter jurisdiction because the claims aren’t preempted by ERISA. Lawrence E. Moon Funeral Home v. Metro. Life Ins. Co., 2023 BL 163283, E.D. Mich., 22-13116, 5/12/23
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