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Family and medical leave bill becomes law

Article Abstract:

Pres Bill Clinton recently signed the Family and Medical Leave Act of 1993 into law. The new law requires businesses with more than 50 or more employees to provide up to 12 weeks of unpaid leave for the birth or the adoption of a child or the serious illness of the employee. However, some criticize the new law as discriminatory against women who are past child-bearing age and allows all employees, whether parents or not, to take three months off every year.

United States, Family leave

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Congress reconsiders ERISA preemption

Article Abstract:

ERISA preemption of state laws gives employers the opportunity to design consistent benefit plans. Since Congress and the President have yet to formalize an agreement on health care reform, some states have asked for exemption to provide better access to health benefits for their constituents. Although some companies fear the possible development of multiple benefit laws for various states, ERISA preemption will probably remain for a long time.

Health planning, Employee benefits

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Congress revisits the social security earnings test

Article Abstract:

Congress is set to act on regulation of the social security earnings limit. People who criticize the repeal or liberalization of the limit see it as pro-rich maintaining that it benefits only those who retire from work. Critics of the repeal also point to its cost and see the counter-productive effect of using the social security trust fund to meet the increased benefits.

Finance, Retirement planning, Social security, Economic security

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