Austin R. Ramsey
Associate Labor and Benefits Reporter at Bloomberg Law
Reporter covering labor and benefits for @blaw | Former @irworkshop fellow. Send 📩 to [email protected]. Likes and RTs are not endorsements.
Articles
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5 days ago |
news.bloombergtax.com | Austin R. Ramsey |Daniel Seiden
A group of fired federal probationary workers lost their bid for injunctive relief in a proposed class action alleging that the terminations violated their constitutional rights and the Administrative Procedure Act. The plaintiffs have a remedy under the Civil Service Reform Act of 1978—a review of their claims by the Office of Special Counsel, the US District Court for the District of Columbia said. Therefore, the court lacks jurisdiction over their claims, Judge Rudolph Contreras said Thursday.
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1 week ago |
news.bloomberglaw.com | Courtney Rozen |Austin R. Ramsey
The Trump administration wants to make it easier for supervisors in the federal workforce to dismiss probationary employees after a federal judge blasted agencies for firing tens of thousands of those workers for poor “performance.”Fired probationary employees, people who are new to their position, reported receiving identical letters in February stating performance was to blame for their termination, regardless of previous praise from their bosses.
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1 week ago |
news.bloomberglaw.com | Austin R. Ramsey |Lauren Clason
Federal workers whose benefits have long been an attraction for government service are confronting a new reality as GOP lawmakers advance legislation shrinking their health and retirement plans to help pay for Trump’s proposed tax cut extensions.
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2 weeks ago |
news.bloombergtax.com | Austin R. Ramsey
The Trump administration’s tariffs have triggered panic trading from almost all corners of Wall Street except for one: 401(k) account holders, thanks to new plan design options that Congress gifted employers. Workplace retirement plan trading as of mid-April is on par with last year’s data, according to Vanguard, which administers plans for more than 5 million Americans.
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2 weeks ago |
news.bloomberglaw.com | Austin R. Ramsey
House Republicans are backing legislation that would revive a pair of rules from President Donald Trump‘s first term that would bar retirement plans from weighing collateral benefits when they make investment decisions on behalf of workers and retirees.
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The latest development in a 13-year saga over the reach of fiduciary standards of conduct that could upset the types of compensation advisers and broker-dealers can earn when they recommend transferring assets outside well-regulated workplace 401(k)s.https://t.co/1QeKQcVtZw