Chapter 16 Selected Employment Benefits and Protections McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives List the matters regulated by the Fair Labor Standards Act Discuss the requirements of the minimum wage laws and to whom they apply Explain the Family Medical Leave Act, including to whom it applies and under what circumstances 16-2 Learning Objectives Explain contributory negligence, assumption of risk, and the fellow servant rule, and their roles in the regulation of safety in the workplace, and determine how OSHA impacted this regulatory environment Set forth what OSHA requires of employers to create a safer workplace and how it is enforced 16-3 Learning Objectives Describe the reporting responsibilities of employers under the OSHA Act Explain the purposes of ERISA and identify who and what type of entities are covered Describe the minimum ERISA standards for employee benefit plans 16-4 Show me the Money! Fair Labor Standards Act (FLSA) Law to regulate pay and hours worked passed in 1938 Set standards for minimum wage Prohibits pay differentials based solely on gender Regulates child labor, wages and hours Requires records on wages and hours Violations 16-5 Show me the Money! FLSA is administered by the U.S. Department of Labor’s Wage and Hour Division States also have wage and hour provisions administered by comparable state agencies 16-6 Covered Employees Two types of coverage in FLSA Individual coverage Enterprise coverage The law applies to both part-time and full-time employees Federal, state and local employees are covered The law also covers domestic service workers There are exemptions 16-7 Minimum Wages The minimum wage law was established after Wall Street Crash of 1929 FLSA – employers must pay employees a certain minimum hourly wage State wage laws may have higher minimums than the federal law Fair Minimum Wage Act of 2007 Tipped employees – piece-rate vs. hourly rate 16-8 Minimum Wages Not everyone is covered under the statute Primary exemptions New FLSA overtime regulations Businesses required to review their pay levels and jobs Employees earning up to $23,660 per year ($455/week) are automatically entitled to overtime pay 16-9 Minimum Wages Executive employees are exempt if they Manage two or more employees Have firing, hiring and promotion authority Employees who earn at least $100,000 per year and perform some executive, professional, or administrative job duties are automatically exempt from overtime provisions Back wages 16-10 Overtime Provisions The FLSA Sets standards for the hours constituting a normal workweek for wage purposes Sets wage rates for hours worked over and above the normal week If an employee works over 40 hours, he or she must be paid time and a half for the time worked in excess of 40 hours 16-11 Retaliation and Child Labor Laws Retaliation is prohibited FLSA sets minimum age standards for allowing children to work Most cannot work before age 16 Age 18 the minimum for hazardous jobs Certain jobs allowed for children 14-16 that do not interfere with their health, education, or well-being State child labor laws override federal law 16-12 Family and Medical Leave Act Enacted primarily in response to job retention after having a child General provisions Guarantee job after leave for a birth, an adoption, or care of sick children, spouses, or parents Applies to employers with 50 or more employees within a 75mile radius Employers can require medical confirmation of an illness Leave is unpaid 16-13 Occupational Safety and Health Act: Safety at Work Each year 5,700 Americans die from workplace injuries 50,000 die from illnesses caused by workplace exposure 4.7 million suffer nonfatal workplace injuries According to OSHA OSH Act has helped cut workplace fatalities by more than 60 percent and injury/illness by 40 percent since its enactment 16-14 General Provisions OSHA requires that an employer provide a safe workplace Employer’s defense Explanation Contributory negligence Negligence action based on the injured party’s failure to exercise reasonable care for her or his own safety Assumption of risk Injured party voluntarily exposed herself or himself to a known danger created by the other party’s negligence Fellow servant rule Injury occurred on the job and was caused by the negligence of another employee 16-15 General Provisions No-Fault: Workers injured on the job are entitled to recover for their injuries without having to prove who is at fault injured workers are limited in their financial recovery 16-16 General Provisions Section 5(a) The employer must comply with all the safety and health standards dictated by the Department of Labor The employer must furnish a workplace fee of hazards OSHA creates certain specific regulatory standards of safety 16-17 General Provisions OSHA conducts routine inspections in certain high-risk industries Penalties and “abatement orders” are assessed in connection with an inspection officer’s report Employers covered by the Act must maintain records for OSHA compliance Employees must be informed of their OSHA rights by their employer 16-18 Procedure for Enforcement Responsibility for enforcing the acts rests with OSHA under the auspices of the Department of Labor Occupational Safety and Health Review Commission Willful violation Increase in fines Definition of “willful” 16-19 Specific Regulations Physical layout of the worksite Training Medical examinations Setting standards Voluntary compliance programs Emergency temporary standards Continual-training requirement 16-20 General Duty Clause Employer requirement – A place of employment free from recognized hazards that cause or are likely to cause death or serious physical harm to the employee Instances when employer is not held responsible Recklessness Safety requirement is not economically feasible Greater hazard defense 16-21 Other Provisions Intentional Acts Compensatory and punitive damages Violence in the workplace “Zero tolerance” policy 16-22 Other Provisions Bullying Legal liability and higher worker compensation costs if left uncontrolled Retaliation OSH Act – Prohibits retaliation against whistleblowers 16-23 Will It Be There When I Retire? Many firms offer employees retirement plans, health care, and other employee benefits Employee Retirement Income Security Act (ERISA) Protects pension benefits of workers Government entities, churches, non U.S. residents, or independent contractors not covered 16-24 ERISA Covers welfare plans and retirement or pension plans Applies to employee benefit plans Welfare plan Retirement or pension plans Establishes requirements for managing and administering pension and welfare plans 16-25 ERISA Key Terms Explanation Employee benefit plan Contractual obligation by which an employer or an employee organization agrees to provide retirement benefits or welfare benefits to employees and their dependents and beneficiaries Retirement or pension plan Provides for compensation at retirement or deferral of income to periods beyond termination of employment Defined contribution Retirement plan where the benefit payable to a participant are based on the amount of contributions and earnings on such contributions Defined benefit Retirement plan where the benefit payable to a participant is defined up front by a formula, the funding of which is determined actuarially 16-26 Fiduciary Duty Fiduciary: Someone who has discretionary authority over the investment or management of plan assets on behalf of others 16-27 Fiduciary Duty Fiduciary requirements Loyalty Exclusive purpose Prudence Diversification Compliance with plan documents 16-28 Reporting and Disclosure Required information Summary plan description (SPD) Annual report with the DOL ERISA was amended by the Pension Protection Act (PPA) of 2006 Eligibility and Vesting Rules Benefit plans – 100 percent non-forfeitable after three years of employment 16-29 Funding Requirements for Defined Benefit Plans Minimum standards Accruals of benefits based on service in each year Amortization of any prior service or actuarial gains or losses on investment over a set period of years Pension Benefit Guarantee Corporation (PBGC) ERISA litigation Fiduciary liability The Worker, Retiree, and Employer Recovery Act 16-30 COBRA and HIPAA Consolidated Omnibus Budget Reconciliation Act (COBRA) Applies to group health plan (20≥ employees) Health Insurance Portability and Accountability Act (HIPAA) promote standardization and efficiency in the health care industry HIPAA privacy rules General obligations of covered entities 16-31 Enforcement of ERISA Employers have the right to reduce or modify employee benefits Unless it is prohibited by contractual obligations Similarly situated participants must be treated alike ERISA claims - asserted under the Age Discrimination in Employment Act (ADEA) 16-32