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92 percent of working households do not meet conservative retirement savings targets for their age and income. For this reason, states have begun placing a high importance on retirement savings, with 28 states establishing state-run retirement options for private industry. Learn more about these mandates and employers' retirement obligations here:

Did you know that some states, like California, require employers to provide PTO to vote? We're encouraged to see employers like Walmart and Starbucks providing flexibility or paid time off for employees to vote on Nov. 3rd. It's time to think about your business's policy for voting on election day. You can learn more about what employers should know about elections here:

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Need a contract drafted or reviewed? Need to terminate an employee? Need business legal advice on structuring your business or maintaining regulatory compliance? Whatever your legal needs, General Counsel Select has your business covered, all with a commitment to no hidden fees and no surprise bills.

On August 5, 2020, Exxon Mobil announced that it would be suspending the company’s matching of employee contributions for its 401k plan. BrightScope, a data-driven platform that analyzes and ranks employee retirement plans, puts Exxon Mobile’s 401k in the top 15% of its peers’ plans based on how quickly the plan helps employees get to retirement. Clearly Exxon Mobile’s plan is well-constructed and productive, the type typically supported by large companies with established revenue streams. Thus, if Exxon Mobil is cutting back its employer contribution will other companies follow suit? It seems they have: “Recent industry research says about 10%-12% of plan sponsors have suspended 401k matching contributions so far due to the pandemic, and nearly a quarter of companies are either planning to or considering suspending their match this year.” 

The Dept. of Justice announced in a press conference that, since May, it has charged 57 businesses and individuals with fraud related to the Paycheck Protection Program. The PPP is a $670 Billion program intended to provide assistance to small businesses in order to prevent layoffs and help them stay afloat during the Coronavirus pandemic. To no one's surprise, there were immediate claims of fraud, and law enforcement officials have made numerous arrests - including that of Joshua Bellamy, an NFL player charged after he received $1.2 million from the PPP program which he used to gamble and purchase luxury goods, among other things.

The EEOC has found that IBM committed age discrimination to the tune of thousands of employees throughout 2013-2018. The determination follows a similar finding to a ProPublica report from 2018. EEOC found evidence of a pattern of workers 40+ being forced out and told their skills were obsolete, only to be brought back later as contract employees at a lower pay rate. EEOC must attempt to mediate a settlement between IBM and the former employees, otherwise IBM may find itself faced with a federal lawsuit.

United Airlines Sued for Discrimination in Sports Charter Crews

United Airlines has been sued by two flight attendants who claim that the dedicated crews selected for the chartered flights for the MLB, NFL, and NCAA are 'unlawfully based on race and ancestry, age, and gender,' leaning towards young, white, and blonde. For their part, United has stated that they are 'proud of our track record on diversity, equity and inclusion,' and that the staff for chartered flights is based solely on performance and attendance.

Tiffany & Co. filed suit in Delaware Chancery Court, asking them to enforce a deal with luxury brands company Moët Hennessy Louis Vuitton, commonly known as LVMH. LVMH broke off the $16.2 billion deal after the French foreign affairs minister sent a letter on 8/31, asking the brand to delay until after January when the U.S. implementation of additional customs duties on the import of French luxury goods goes into effect. Tiffany has stated that it believes LVMH is attempting to use the French government as cover to back out, a claim that is being lent some credit by a Bloomberg report that notes LVMH chairman Bernard Arnault "asked for help from the French government in an effort to pull out of [the deal]."

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