Department of Labor
5 stories related to this topic, newest first.
401kspecialistmag.comFifth Circuit Dismisses DOL Appeal, Vacating White-Collar Salary Exemption Rule
The U.S. government has agreed to dismiss its appeal in a lawsuit challenging a Department of Labor rule, permanently eliminating a minimum salary requirement for white collar exemptions under the Fair Labor Standards Act. The rule, vacated by a Texas district court in December 2…
Farcaster / Wikimedia (CC BY-SA 4.0)U.S. Jobless Claims Drop to Record Low of 189,000
The Department of Labor reported that initial jobless claims fell to 189,000 in the week ended April 25, marking the lowest level on record. This figure was below the median estimate of 212,000 and represented a significant deviation from expectations. Continuing claims also decl…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)U.S. Department of Labor Issues Guidance Permitting Cryptocurrency, Private Equity, and Real Estate in 401(k) Plans
The U.S. Department of Labor has issued new guidance permitting 401(k) retirement plans to include investments in cryptocurrency, private equity, and real estate. This follows an executive order from last year aimed at expanding retirement options for the middle class. Bitcoin ha…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Labor Department Employees File Civil Rights Complaints Against Secretary Lori Chavez-DeRemer
Three employees at the U.S. Department of Labor have filed civil rights complaints alleging a hostile work environment under Secretary Lori Chavez-DeRemer. The complaints describe experiences of discrimination and retaliation within the department. The allegations come amid broad…
ndtv.comIran Requires Crypto or Yuan Fees for Strait of Hormuz Transit; US DOL Proposes Crypto in 401(k)s; Schwab Plans Launch
Iran has mandated that ships transiting the Strait of Hormuz pay fees in cryptocurrency or Chinese yuan. The US Department of Labor proposed a rule to allow $10 trillion in 401(k) plans access to crypto and alternative investments. Charles Schwab, managing $12 trillion in assets,…