ch 17-18

ch 17-18 - Employment-At-Will employment contracts usually...

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Employment-At-Will Exceptions Based on Contract handbook, personnel bulletin that states termination based on good cause Exceptions Based on Public Policy protect whistleblowers, ppl who refuse to perform illegal acts or perform legal acts Wrongful Discharge Fair Labor Standards Act (FLSA) covers employers engaged in interstate commerce, regulates child labor, max hrs, min wages 7.25/hr fed Child Labor -14 limited occupations, -16 can't work full time, -18 can't work hazardous/detrimental to health jobs Overtime work 40+ hr/week paid no less than half times regular pay Exemption executive, administrative, professional. specific duties Occupational Safety & Health Act (OSHA) requires employers to furnish each employee a workplace free from recognized hazards that are causing or likely to cause death or serious physical harm Social Security Act 1935 provides for old-age retirement, survivors, disability, insurance, employers & employees contribute under the FICA Medicare health insurance for persons age 65+ / Medicaid health insurance for low income residents Employee Retirement Income Security Act (ERISA) was designed to bring uniformity to private sector pension plans & protect employee from abuses of such plans - paid retirement benefits, min vesting requirements, plan if termination of insurance, Federal Unemployment Tax Act (FUTA) state system that provides unemployment compensation to eligible individuals, funded by employer Worker's Compensation Statutes Consolidated omnibus Budget Reconciliation Act (COBRA) permits employees who are terminated, voluntarily change employment, lose health coverage b/c reduced hours to purchase group coverage for themselves & families up to 18 months
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This note was uploaded on 10/28/2011 for the course BULE 301 taught by Professor Stanoff during the Spring '11 term at NYU.

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ch 17-18 - Employment-At-Will employment contracts usually...

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