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That is just one reason why policy experts see a retirement savings crisis on tap for so many Americans over the next several decades. This results in an increase in retirement income of $150 per month,” Gusto’s researchers wrote. Initial data also suggests that the introduction of auto IRAs might correlate with more employers offering their own plans. It’s not entirely clear why, since smaller businesses often cite cost and administrative burden as reasons why they don’t sponsor a retirement plan. And employer plans offer workers tax breaks and direct matching contributions, which can help them grow their nest eggs faster than they otherwise might.
Persons: John Scott, Roth, Scott, IRAs, , Pew, It’s Organizations: CNN, AARP —, AARP, Georgetown Center, Retirement, Pew, Savings, Employers, Project . Workers, Georgetown CRI, Auto Locations: California, Colorado , Connecticut, Delaware, Hawaii , Illinois, Maine , Maryland, Minnesota , Nevada , New Jersey , New York , Oregon, Rhode Island , Vermont, Virginia, Washington
Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.
Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, , ” Hughes, Justin Merriman, ” Trump, , walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars
They Used to Be Ahead in the American Economy. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. In the reordering of the U.S. economy since 1980, white men without a degree have been surpassed in income by college-educated women. As the American economy has shifted over the past 40 years away from manufacturing and toward services and “knowledge” work, this less visible hierarchy within the economy has shifted, too.
Persons: Jobs, metalworkers, , , Kathy Cramer, David Autor, Tom Kochan, Susan Houseman, , Lisa Boscola, Arlie Hochschild, , appraisers, Cramer, Scott Paul, who’ve, Stephanie Ternullo, Boscola, they’re, Donald J, Noam Gidron, Trump, Rather, Biden, Kamala Harris, Stefanie Stantcheva, Stantcheva Organizations: University of Wisconsin, Workers, Labor, Upjohn Institute, Employment Research, Democratic, Bethlehem Steel, Berkeley, Alliance for American Manufacturing, Harvard, Electoral College, Democratic Party, Republican, Securities, Bank, Radio, Observers, Mr, Obama Locations: American, U.S, Wisconsin , Michigan, Pennsylvania, M.I.T, Manitowoc County, Wis, Wisconsin, Michigan, , I’m, America, Bethlehem, Pa
No one ever said it was a competition but let’s face it, there’s a clear winner at every potluck. We rounded up some of our favorite dishes that are perfect for the potluck, from amazing appetizers to decadent desserts. These recipes are all guaranteed party food favorites, travel well, and make a big portion (or can be easily scaled up). Food NetworkGet the RecipeButternut Squash-Stuffed ShellsA cheesy tray of stuffed shells gets an autumnal makeover in this fall-forward side dish. Armando Rafael / Food NetworkGet the Recipe
Persons: Tara Donne, Matt Armendariz, Teri Lyn Fisher, it’s, Marshall Troy, Armando Rafael Organizations: Food
Now unions are pushing back, demanding the return of traditional pension plans their members lost in past concession deals. First, a traditional pension plan that pays retirees, or their survivors, a fixed amount of money every month until they die, known as a defined benefit plan. Far less than 1% have only a traditional pension plan. The loss of the traditional pension plan at Boeing 10 years ago is one of the issues driving the strike this year. But the deck is stacked against that kind of reopening of a pension plan at Boeing, even with “pension or bust” signs on the current picket lines.
Persons: International Association of Machinists, Jon Holden, haven’t, Stellantis, John Lawler, Craig Copeland, Lindsey Wasson, unamimously, , , Brian Bryant, Bryant, “ They’re, they’ve, Copeland, they’ll Organizations: New, New York CNN, Boeing, Employers, International Association of, IAM, United Auto Workers, General Motors, Ford, UAW, , Research, CNN, Pension, Guaranty Corp, Federal Deposit Insurance Corp, IBM, Locations: New York
But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. Despite a claim of responsibility from ISIS-K, he continued to insist that Ukraine, and the West had played a role. Dmytro Kholod, commander of Ukraine’s “Nightingale” battalion, currently in Kursk, told CNN by phone on Wednesday that he has noticed a shift in the behavior of Russian troops. It is just a strategy for perpetuating war and allowing Russia to wait us all out,” said Ryan. “Now we see that when he’s really presented with a crisis, he’s not a cornered rat, he’s just like an imposter.
Persons: CNN —, Vladimir Putin, Putin, Evgeny Prigozhin, Wagner, ” Putin, Prigozhin, Yan Dobronosov, , Boris Bondarev, , Mick Ryan, Ramzan Kadyrov, don’t, Andrei Belousov, Dmytro Kholod, Ukraine’s “ Nightingale, ” Ryan, he’s, Volodymyr Zelensky, Efrem, Ryan, Bondarev Organizations: CNN, Crocus, Russia’s, ISIS, US, Kyiv, Getty, of Human Rights, , Kremlin, Naval, Black, Institute for, Russian MoD, Russia, AP, NATO, Putin Locations: Russia, Russian, Kursk, Ukraine, Crocus City, Moscow, Ukrainian, Sudzha, AFP, Beslan, Kharkiv, Crimea, Kursk Oblast,
New York CNN —There’s a popular idea in political discourse known as the horseshoe theory. The idea is that if you map ideologies on a horseshoe-shaped spectrum, the far right and the far left are actually more closely aligned than the centrists on either side. Missouri Republican Sen. Josh Hawley is another young buck (44 is the new 24 in Congress) who’s all-in on Trump and positioning himself as an advocate for workers. “Pro-worker is raising the minimum wage, ensuring people get overtime, supporting paid sick and family leave,” Terri Gerstein, the Director of the NYU Wagner Labor Initiative, told CNN. “Playacting as working class by dressing up in jeans and acting aggrieved doesn’t do anything for real working people who are struggling.”
Persons: CNN Business ’, New York CNN —, we’ve, Ohio Republican Sen, JD Vance, , Donald Trump’s, Vance, Reagan, Lina Khan, Biden, ” Vance, Wall, Massachusetts Democratic Sen, Elizabeth Warren, New York Times ’ Ross, Bernie Bros, ” Vance isn’t, Missouri Republican Sen, Josh Hawley, who’s, Hawley, , Democrats –, , Rupert Murdoch, Ken Griffin, Trump, Liz Shuler, “ Sen, he’s, ” Terri Gerstein, NYU Wagner, “ Playacting Organizations: CNN Business, New York CNN, Ohio Republican, Yale, Silicon, Massachusetts Democratic, New York Times, GOP, Missouri Republican, Trump, Democrats, Time, ” Media, Washington Post, AFL, , NYU, NYU Wagner Labor Initiative, CNN Locations: New York, Silicon Valley, Massachusetts, American
Dropping in Just to Say ‘Hi!’
  + stars: | 2024-07-07 | by ( Anna Holmes | ) www.nytimes.com   time to read: +3 min
When this colleague reaches out to team members via the Slack platform, he will frequently just say “Hi <Name>” with no follow-up. Or are we all just obstinate and are not being understanding of a different communication style? For one thing: Is he saying “Hi <Name>” as a way to start a conversation about work with the colleague to whom his “hi” is directed? Delivering feedback about a person’s personal — or, in this case, professional — communication style requires a light touch. Send the guy a direct message and say, “Hey [insert co-worker’s name], when you write ‘hi’ without any follow-up, it freaks me out!” and append the message with an “lol” or a laughing emoji.
Persons: Slack, It’s, I’m, can’t
Seoul, South Korea CNN —A ballistic missile launched by North Korea on Monday might have had an “abnormal” flight trajectory and could have fallen inland, possibly near the capital of Pyongyang, the South Korean military said. North Korea launched two ballistic missiles on Monday morning, according to reports from the South Korean, American and Japanese governments. South Korea later said the North Korean claim was false. Meanwhile, both nations are drawing closer to their respective partners – with North Korea recently signing a defense agreement with Russian President Vladimir Putin and South Korea stepping up cooperation with Japan and the United States. “Pyongyang is also determined not to appear weak while South Korea conducts defense exercises with Japan and the United States.”
Persons: Lee Sung, ” Lee, Lee, Kim ramped, Vladimir Putin, Leif, Eric Easley, Kim, Organizations: South Korea CNN, North, South Korean, South Korea’s, Chiefs of Staff, Korean Central News Agency, Nations, Ewha Womans University, Central Committee, Worker’s Party, South Locations: Seoul, South Korea, North Korea, Pyongyang, South, South Hwanghae, Changyon, North Korea’s, Japan, United States
Especially the last bit: Corporate America is obsessed with ensuring their employees are staying productive when they’re working remotely, away from the gimlet eyes of management. It’s easy to imagine the types of pretend productivity gadgets these employees might have used: “mouse jigglers,” gizmos with a questionable name that make random, small motions of a mouse or touchpad. And Wells Fargo’s crackdown on these gadgets is just the latest attempt by big business to rein in perceived slacking by remote employees. That perceptual gap reflects a vast and growing mutual distrust between workers and employers in America. They’re how workers are battling back against boardroom Big Brother, in a technological arms race that’s only getting wilder as devices get more sophisticated.
Persons: Jeff Yang, Bruce ”, , Jeff Yang CNN, Wells, They’re, they’re, wilder, I’ve Organizations: CNN, Bloomberg, Business, Intuit, Microsoft Locations: Asian America, America, New York , Connecticut, Delaware
Seoul, South Korea CNN —A fire at a lithium battery factory in South Korea Monday killed at least 22 people, most of them foreign nationals, local officials said. It was extinguished around 3:10 p.m, and firefighters were able to enter the factory, said Hwaseong Fire Department official Kim Jin-young in a briefing. Rescue workers recovered a number of burned bodies, Kim said, and one person died due to cardiac arrest. Emergency personnel carry the body of a person killed in a fire at a lithium battery factory owned by South Korean battery maker Aricell on June 24, 2024. South Korean President Yoon Suk Yeol ordered the Interior and Safety Ministry and the head of the fire department to “make all-out efforts” to rescue people by “mobilizing all available personnel and equipment.”Parts of the lithium battery factory were burned following a fire in Hwaseong, South Korea on June 24, 2024.
Persons: Kim Jin, Kim, Kim Hong, Yoon Suk Yeol Organizations: South Korea CNN, Fire Department, South, Reuters, Interior, Safety Ministry Locations: Seoul, South Korea, Hwaseong, Gyeonggi Province, South Korean
Satnam Singh, a 31-year-old farm worker, was left on the street Monday after losing his right arm while working at a farm near Latina, which is southeast of Rome, CNN’s affiliate SkyTG24 reported. His arm was reportedly severed by a plastic wrapping machine on the farm. Singh was then loaded into a van and abandoned near his home, while his severed arm was left in a vegetable collection box, RAI reported. CNN has reached out to De Falco and to Lovato’s lawyers for comment, as well as to the Indian government. Italy Prime Minister Giorgia Meloni expressed her condolences and strongly condemned Singh’s death at Thursday’s cabinet meeting.
Persons: Satnam Singh, Singh, Antonello Lovato –, Giuseppe De Falco, De Falco, Lovato’s, Renzo Lovato, , Valerio Righi, Antonello Lovato “, Righi, Giorgia Meloni, , Marina Elvira Calderone, Francesco Lollobrigida, ” Calderone, Italy’s, Maria Grazia Gabrielli, Gabrielli, Maurizio Falco Organizations: CNN, SkyTG24, RAI, Reuters, Italian Labor, FLAI Locations: Italy, Latina, Lazio, Rome, San Camillo
Target is the latest retailer to put generative artificial intelligence tools in the hands of its workers, with the goal of improving the in-store experience for employees and shoppers. On Thursday, the retailer said it had built a chatbot, called Store Companion, that would appear as an app on a store worker’s hand-held device. The idea is to give workers “confidence to serve our guests,” Brett Craig, Target’s chief information officer, said in an interview. Target is testing the device in 400 stores and plans to make the app available to most workers across its nearly 2,000 locations by August. As the retail industry experiments with generative A.I., some see its potential to eventually make in-store shopping feel more like online shopping, said Roy Singh, the global head of Bain & Co’s advanced analytics practice who works with retailers on generative A.I.
Persons: ” Brett Craig, Target’s, Roy Singh Organizations: Bain & Co’s
Along with stifling days comes the risk of developing dangerous heat-related conditions, such as dehydration, heat stress, heat exhaustion, heat stroke and other hazards. What responsibilities does your employer have to prevent you from suffering a heat-related illness? While some states have specific laws governing occupational heat exposure, there is no heat-specific federal regulation mandating how employers must prevent heat illness in the workplace. They recommend companies:Have a heat illness prevention plan. Monitor workers for signs and symptoms of heat illness.
Persons: , Jason Krasno, , they’ve, Alka Ramchandani, Raj Organizations: New, New York CNN, Safety, Health Administration, OSHA, National Institute for Occupational Safety, Health Locations: New York, North America, Montpelier , Vermont, Syracuse , New York, Pittsburgh, Krasno, OSH
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In this week’s roundup of travel news, we bring you the world’s best restaurants for 2024, Disneyland’s epic expansion plans and the little museum in rural England that’s become a YouTube hit. World’s best restaurants1. This famed Barcelona eatery was one of five restaurants in Spain to make this year's World's 50 Best Restaurants list. Dubai has more “best” restaurants than any other destination in the Middle East, according to the 50 Best group.
Persons: England that’s, He’s, that’s, AirlineRatings.com, Disney World’s, Peter Pan, Francesc Guillamet Ferran, Asador, Bruno Verjus, Philippe Vaures Santamaria, Dabiz Muñoz, Diverxo, Diverxo Maido, Maido, Atomix, Evan Sung, Søren Gammelmark, Gaggan Anand, Don Julio, Pablo Domina World's Organizations: CNN, Canada House, American Airlines, Disney, Aberdeen Angus, Multicultural, CNN Travel, Finland Locations: England, New York, Paris, Normandy, Canada, Philippines, Bataan, Florida, Texas, Gulf, Asia, Pacific, Southern California, Japan, Tokyo, Disfrutar, Barcelona, Spain, Basque, Madrid, Spanish, Lima, Peru, New York City, Koreatown, Manhattan, Quintonil, Mexico, Copenhagen, Denmark, Bangkok, Thailand, Kolkata, Buenos Aires, Argentina, Hereford, Dubai, British, Soviet Union
And among those watching most closely are world leaders near and far. Of course, world leaders have generally stayed mum on the issue of which man they prefer – although I would wager that most favor the status quo over a return to the raucous years of Trump’s presidency. Some world leaders have already signaled their aversion to another Trump presidency. But for these foreign leaders, coming out against Trump is a move that is chock full of risks. The stakes in this election are too high for global leaders to stay mum.
Persons: Michael Bloomberg, Read, Joe Biden, Donald Trump, Biden “, , Trump, Trump’s, , Hank Sheinkopf, Biden, Javier Milei, Israel’s Netanyahu, Victor Orbán, Russia’s Vladimir Putin, it’s, Justin Trudeau, isn’t, Brazil’s Luiz Inácio Lula da Silva, octogenarian Biden, “ Trump, Sheinkopf, Don’t, Team Biden, Organizations: New York, CNN, Trump, NATO, , Biden, Canadian, Worker’s Party, Team Trump, Team Locations: United States, Latin America, Africa, America, Asia, China, Argentina, Hungary, Brazilian, Gaza, Brazil, Russia, India, South Africa, Washington
Don’t Blame the Office Dog for the Human Problem
  + stars: | 2024-05-25 | by ( Roxane Gay | ) www.nytimes.com   time to read: +4 min
Make the Dog Days OverI share my office with another co-worker and her large, stinky dog. I’m 99 percent sure my co-worker is aware I hate her dog, as I don’t pet it or interact with it. It is a verbal tic, very distracting albeit harmless. To protect his anonymity, let’s say it’s “quite frankly.” Now imagine watching someone give a 30-minute presentation in which he says “quite frankly” dozens of times, including in incongruous ways like: “Quite frankly, the next steps in the study are to document our findings in a final report.” No one has ever brought it to his attention. That said, it’s also relatively harmless, and for some people a verbal tic may be a symptom of a medical condition.
Persons: Mutty, let’s, , I’ve, It’s, it’s
CNN —Federal regulators are investigating a California crash that killed four occupants who rode in a VinFast electric SUV, which had automated steering features the owner had earlier complained about. Someone claiming to be the vehicle’s owner filed the complaint. The SUV was being driven by one of the owner’s coworkers with the coworker’s family when the fatal crash occurred, according to the complaint. The vehicle owner had complained about the performance of the SUV’s automated steering, although it’s not clear if that was a factor in the crash. It’s not clear if the vehicle’s Advanced Driving Assistance features were involved in the fatal crash.
Persons: it’s, It’s Organizations: CNN, NHTSA, Ford, Media, Investigations Locations: California, Vietnam
New York CNN —Children have again been found working at a Mar-Jac Poultry slaughterhouse, according to the US Department of Labor. The latest discovery in Alabama comes less than a year after a teen worker was killed at a company facility in Mississippi. The DOL’s recent allegation follows an incident last year in which a teen died at a Mar-Jac facility in Mississippi. According to Mar-Jac Poultry Alabama’s website, “Mar-Jac Poultry does not sell to the general public, individual restaurants or convenience stores. The Labor Department has lately been trying to crack down on incidents of child labor, especially at meatpacking facilities.
Persons: DOL, , Mar, Jac, “ Mar, , Jac Poultry, , Kavilanz, Amy Simonson Organizations: New, New York CNN, Jac, US Department of Labor, CNN, Mar, Labor, Fair Labor, ABC News, Occupational Safety, Health Administration, The Labor Department, Department of Labor, Health, Human Services Locations: New York, Alabama, Mississippi, Mississippi , Alabama, Georgia, Alabama and Mississippi, DOL, Fayette
One man was charged with drunken driving after crashing his truck and spilling 11,000 salmon onto a highway in Oregon. This week, the man in Belgium was acquitted of a drunken driving offense — he wasn’t a boozer, the court found; his body was essentially making its own beer. It’s the latest turn in the spotlight for the strange disorder, which periodically appears in a flurry of headlines after a particularly odd or egregious case. Most incidents involve accusations of drunken driving, when people who have the disorder, known as A.B.S., get behind the wheel of a car believing they are sober. Reactions to such defenses often range from admiring to dismissive, but medical doctors and science have long backed up that the strange condition does exist.
Persons: boozer Locations: Oregon, Belgium
Unfortunately for the worker’s burgeoning art career, the ruse was discovered and the painting was removed from the wall. The museum and the worker agreed to part ways, the museum said. The man, a well-respected employee that the museum did not identify, was also banned from visiting his old workplace, the museum added. Adding to the aspiring artist’s troubles, the police said on Wednesday that they were investigating him for property damage — for drilling two small holes in the museum wall to hang his painting. The Pinakothek der Moderne has one of Germany’s largest art collections, with more than 20,000 pieces of art, including works by prominent artists like Max Beckmann and Pablo Picasso.
Persons: Ms, Nehler, Max Beckmann, Pablo Picasso
More than two-thirds of Hispanic construction workers in America are foreign born. Working without a safety netFor the workers paid to rebuild the bridge, the job will be grueling — and dangerous. CNNWork-related deaths among foreign-born Hispanic or Latino workers rose to their highest level in 2021, according to the most recent Bureau of Labor Statistics data. Fourteen percent of all work-related fatalities in 2021 were foreign-born Hispanic or Latino workers, and most of them worked in construction. The agency’s reports also “consistently show” that Latino and/or immigrant workers are less likely to report employer health and safety violations.
Persons: Francis Scott Key, We’re, It’s, Reinaldo Quintero, , Carlos Hernández, Miguel Luna, Yassir Suazo Sandoval, Jose Mynor Lopez, Dorlian Castillo Cabrera, , Saket Soni, Alejandro Hernandez Fuentes, Soni, ” Quintero, ’ ”, Sean McGarvey, Ligia Guallpa, Quintero, Hurricane Michael, Reinaldo Quintero “, ” Guallpa, Guallpa, Hurricane, Dave Einsel, ” Soni, Ron DeSantis ’, Fort Organizations: New, New York CNN, Bureau of Labor Statistics, CNN, Key, CNN Construction, Resilience Force, Force, of Labor Statistics, New York Committee, Occupational Safety, Health, York, New York State Department of Labor, Workers, North, Unions, Worker’s, Hurricane, Panama City, Safety, Health Administration, Historic New, New York Times, Gov Locations: New York, America, Louisiana, Hurricane, Florida, Mexico, Guatemala, El Salvador, Honduras, United States, New York City, North America’s, Canada, Venezuela, Panama, Baltimore, New Orleans, Texas, North Carolina, Historic New Orleans, Fort Meyers
“Chapungu — The Day Rhodes Fell” has since become an iconic photograph, capturing the spirit of the #RhodesMustFall movement which led to the removal of 19th century colonist Cecil Rhodes’ statue at the University of Cape Town. “There is no way I could have conceptualized that moment and the way things unfolded on that day,” said Msezane, speaking to CNN from Cape Town. Artist Sethembile Msezane on a plinth in front of the statue of British colonialist Cecil John Rhodes. While several have now been returned, to this day, it remains at Rhodes’ former home at the Groote Shuur estate in Cape Town, Msezane explained. The statue of British colonialist Cecil John Rhodes was removed from South Africa's Cape Town University on April 9, 2015.
Persons: Sethembile Msezane, Rhodes, , Cecil Rhodes ’, Msezane, , Sethembile, Cecil John Rhodes, Charlie Shoemaker, Zimbabwe —, Chapungu, Cecil Rhodes, ” Msezane, , Schalk van, Lady Liberty, Rosie Organizations: CNN, University of Cape, Fine Arts, South London, South Africa's Cape Town University, Panzi, Democratic, University of Cape Town, Freedom, Worker’s Locations: University of Cape Town, Cape Town, , Zimbabwe, Great Zimbabwe, Groote, London, Chile, Poland, United States, Iran, Bangladesh, South Africa's, Kinshasa, Democratic Republic of Congo, Senegal
Home Depot must reinstate a worker who quit after they refused to remove a slogan supporting the Black Lives Matter movement from their apron, the National Labor Relations Board announced on Wednesday after it found that the worker’s actions were protected by federal law. The ruling by the National Labor Relations Board held that Home Depot violated federal law in 2021 when it told the worker that they must quit or remove the letters “BLM,” an acronym for Black Lives Matter, that they had drawn by hand onto their apron. The case is one of several that centered on the issue of civil rights apparel in the workplace after the police killing of George Floyd in May 2020, an episode that galvanized many workers across the country to back the Black Lives Matter movement by showing support on their work uniforms or face masks. The National Labor Relations Board said in its ruling that Antonio Morales Jr., who worked at a Home Depot store in the Minneapolis area, was protected by the National Labor Relations Act, which guarantees the legal right of workers to take part in “concerted activities” for “mutual aid or protection.”
Persons: George Floyd, Antonio Morales Jr, Organizations: National Labor Relations, National Labor Relations Board, BLM, National Labor Relations Act Locations: Minneapolis
Starting this year, a federal law allows employers to enroll workers in emergency savings accounts that are linked to their retirement accounts. “I do think there is tremendous interest in emergency savings programs,” said Matt Bahl, vice president and head of workplace financial health at the Financial Health Network, a nonprofit that promotes financial well-being. Of those, about a third said they offered an emergency savings account feature and another third planned to do so in the next year or two. For instance, only workers making under a certain income limit ($155,000 for 2024) may participate, and their emergency savings are limited to $2,500, though employers can set lower ceilings. And though employers can help with contributions, they must deposit any match into the worker’s retirement account — not the emergency savings account.
Persons: , Matt Bahl, Mr, Bahl, Organizations: Financial Health Network, Research Institute
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