The U.S. Food and Drug Administration (FDA) recently issued its final Preventive Controls for Human Food rule. This final rule will require FDA-regulated food facilities to re-examine their food safety programs, in particular their product recall plans, in a push to be compliant with the Food Safety Modernization Act (FSMA). Effectively, food facilities must comply with these new requirements in the next 12-24 months, although it is expected that many companies will begin to implement the necessary revisions to their programs in advance of the enforcement dates.
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Author Bill Kline writes, “…The Employee Retirement Income Security Act (ERISA) imposes special legal requirements on fiduciaries of 401(k) plans. Many business owners are unaware of the dangers they face under ERISA and the implications of being a fiduciary…”
Directions newsletter is a monthly publication of the Benefits & HR Consulting operations of Arthur J. Gallagher & Co. The October 2015 issue includes healthcare reform updates, a technical bulletin, webinar information and a variety of benefits and HR news.
Dean Clune writes, “Productivity, ingenuity, workers compensation claims and health insurance claims… a few of the areas that could potentially be impacted if a population of retirement-age-ready employees is not financially ready for retirement.”
The Fed released meeting minutes on Thursday, and officials are hoping that the inflation rate will return to 2% after not hitting the official target for more than three years.
Retirement Plan Consulting: Critical Thinking: The Silver Tsunami—Helping Employees Prepare for Retirement
Since January 1, 2011 about 10,000 people per day are turning age 65. As the U.S. experiences the Silver Tsunami, concerns of an aging population coupled with the fact that the most Americans have not saved enough money for retirement will place new pressures on employers.
Please join this informative webinar designed to offer timely advice and discussion to help employers understand what to do when their health insurance provider is hacked and their employee personally identifiable information (PII) and protected health information (PHI) is exposed.
Shari Dunn, Managing Director, Human Resources & Compensation Consulting and Helen M. McFarland, member of the San Francisco office of Cozen O’Connor, write, “Widely lauded as the strongest equal pay legislation in the nation, California’s Fair Pay Act (Senate Bill 358) is now law.” Read more about this new law.
UK Arthur J. Gallagher Employee Benefits hosted a Cancer and Wellbeing in the Workplace seminar for delegates from leading employers, health insurers and benefit consultancies. Speakers were Tim Johnson, Dr. Pixie Mckenna, and Gordon Wishart.
Stay informed on the latest healthcare reform news. Gallagher's Healthcare Reform Update newsletters provide timely, easy-to-understand information about new and revised regulations. Download this month's latest release.