LexisNexis® Legal Newsroom
Ballard Spahr LLP: Court Bars Act 111 Arbitrators from Reducing Post-Retirement Benefits

By Patrick J. Harvey and John P. McLaughlin In efforts to control ever-escalating post-retirement health care costs, many Pennsylvania municipalities have sought decreased post-retirement health benefits for current employees in Act 111 interest arbitration. Now, in Fraternal Order of Police Lodge...

Ballard Spahr LLP: CFPB Confirms Mortgage Loan Originators May Participate in Qualified 401(k) Plans

The Consumer Financial Protection Bureau has confirmed that Regulation Z (which implements the Truth in Lending Act) does not prohibit mortgage loan originators from participating in qualified profit-sharing 401(k) or employee stock ownership plans (Qualified Plans). Issued on April 2, 2012, Bulletin...

Ballard Spahr LLP: EEOC Clarifies ‘Reasonable Factors Other Than Age’ Standard: New Rule Complicates Defense of Age Discrimination Claims

By Amy L. Bashore and Leslie A. Eaton The Equal Employment Opportunity Commission issued a final rule clarifying the standard for the "reasonable factors other than age" defense to discrimination claims under the Age Discrimination in Employment Act. The EEOC's stated purpose in amending...

Ballard Spahr LLP: Back to the Future for Real Estate Tax Exemptions and PILOTs/SILOTs? Charities Must Meet HUP Test and Act 55, Pennsylvania High Court Rules

By Philip B. Korb and Wendi L. Kotzen For charitable organizations in Pennsylvania, obtaining and preserving real estate tax exemptions just got a little more difficult. The Pennsylvania Supreme Court has ruled that the statute intended to clarify the requirements for real estate tax exemption cannot...

Ballard Spahr LLP: Best Practices for Plan Fiduciaries - The New 408(b)(2) Service Provider Disclosure Regulation

By Brian M. Pinheiro and Kurt R. Anderson Employers that sponsor section 401(k), 403(b), and other types of retirement plans rely on third parties to conduct the day-to-day administrative functions of these plans. Investment managers, record-keepers, consultants, and other third parties all provide...