comedyblissoption posted:

The Family and Medical Leave Act of 1993 (or FMLA), signed into law during President Bill Clinton's first term, mandates a minimum of 12 weeks unpaid leave to mothers for the purpose of attending to a newborn or newly adopted child.[8] However, the act does not attain universal coverage as it includes several limiting stipulations. In order to receive maternity leave, employees must work in a firm of 50 or more employees, maintain employment with the same business for 12 months and have accumulated at least 1,250 working hours over those 12 months. As of 2012, 59% of American employees were eligible under the FMLA.[9]

Elman posted:

Haha yeah unpaid "maternity leave". That's also likely to get you fired because of "right to work" laws.

Skypie posted:

lol I didn't even know companies would let you transfer vacation time like this

ChesterJT posted:

No it isn't because the whole point of FMLA is to protect your job while you're off.

CheesyDog posted:

lol

Mordor She Wrote posted:

The large corporation I work for had a thing during the last hurricanes to donate your time off to the victims in Texas and Puerto Rico, instead of just giving them time off to rebuild their destroyed homes and then stores.

Inept posted:

mike12345 posted:

Former Valve dude has giant meltdown on Twitter and shares his work experience with the rest of the world

https://twitter.com/richgel999/status/1018642399512420352

It's too long to parse on Twitter, so some reddit dude dumped it in a thread. Pretty interesting stuff. Some of his comments on self-organizing companies echo my experience working with ~anarchist~ communes.

https://old.reddit.com/r/valve/comments/8zmp07/former_valve_employee_tweets_his_experience_at/?sort=confidence

necroid posted:

it's ok, Motherfucker

Motherfucker posted:

of all the poo poo in this thread for some reason this is the poo poo that cut me deepest.


I was a loving sperm when half life 2 came out... sort've, twelve or so, I dunno early teens when you're just starting to get your brain feet beneath you and I really loved it and I wanted to make video games, I used to buy the hype about valve when they made games and when they released that 'handbook' I was stoked it made me think I could be a part of that and have my creative voice become reality.

I mean I moved on from those ridiculous dreams because of my lack of talent, coding skill and motivation... surviving day by day becomes generally more important than things like personal integrity, your ideas and visions or just yaknow... dreams. But for some reason this still cuts like a cold knife...

ow my soul...

ChesterJT posted:

No it isn't because the whole point of FMLA is to protect your job while you're off.

Inept posted:

quote:

The insurance was to help compensate the companies for the loss of the employees' highly valued services. Later, some companies decided that employee life insurance was a sound investment in general, and they began to take out policies on low- and middle-level employees. At times, the employees would not be informed. Interest would accrue on the policies, and the proceeds were non-taxable. Also, the cash value of the policies could serve as loan collateral.

quote:

In 2016, Pennsylvania enacted an unclaimed property rule that essentially treats retirement accounts no differently than all other accounts. After just three years of inactivity, regardless of the account holder’s age, the account will now qualify as unclaimed property...If you think this rule doesn’t impact you because you don’t live in Pennsylvania, think again. Since the rule requires financial institutions to report the abandoned property, it applies to the financial institutions in Pennsylvania, specifically mutual-fund giant Vanguard.

This new law in Pennsylvania, which was widely criticized as a deviation from standard practices and removed protections for investors that typically allow retirement accounts to be protected from escheatment until much later, typically age 70.5. This change puts a substantial burden on anyone with accounts held in Pennsylvania.

...after receiving feedback from various stakeholders, Pennsylvania Treasury published Policy Guidance suspending enforcement of portions of the law relating to the abandonment of retirement accounts until further guidance is issued by the Treasury or the law is changed. This appears to be a commonsense response but the fact remains that the law is still on the books."

quote:

This means you should continue to log into your accounts every year, check the balances, and make sure your contact information is current. It’s also a good idea to make sure you know the definition of “inactive” that applies to your accounts. For instance, automatically reinvested dividends or interest may not be enough to qualify to keep your account in “active” status on their own, even though additional shares are being purchased on an ongoing basis. The same may also be true of automatically recurring distributions sent to banks or other accounts..

quote:

For instance, automatically reinvested dividends or interest may not be enough to qualify to keep your account in “active” status on their own, even though additional shares are being purchased on an ongoing basis. The same may also be true of automatically recurring distributions sent to banks or other accounts..

EugeneJ posted:

Hope you don't live in Pennsylvania and plan to retire

https://www.forbes.com/sites/jamiehopkins/2018/07/16/a-new-retirement-risk-unclaimed-property-laws/#4dd1c9ea52b8



Retired and no longer contributing to your retirement account? How dare you!

Your account is now inactive and we're closing it!

EugeneJ posted:

Hope you don't live in Pennsylvania and plan to retire

https://www.forbes.com/sites/jamiehopkins/2018/07/16/a-new-retirement-risk-unclaimed-property-laws/#4dd1c9ea52b8



Retired and no longer contributing to your retirement account? How dare you!

Your account is now inactive and we're closing it!

COMRADES posted:

Apparently the state gets it and puts it into a general fund and you can claim the money forever but you'll just have to pay taxes on it because you'll lose the tax bonuses the retirement account gave you

that's not nearly as bad as I was thinking, although still stupid.

Amateur Saboteur posted:

Capitalism.....? Yea it's really good

quote:

Most of us would be thrilled to learn we have $109,000 in unclaimed property being held for us by the state. Not Albert Reider.

He would prefer his money was still invested in stock and earning dividends as it did for 33 years.

Reider, of Forks Township, told me the company managing his shares, Broadridge Corporate Issuer Solutions, gave his account to the state Treasury as unclaimed property last year without contacting him, and then the state sold the shares. He didn’t find out about it until nearly nine months later, when he got a letter from the state in January.

Reider estimates that cost him thousands of dollars in dividends, and he likely will face capital gains taxes on the sale.

He questioned why Broadridge didn’t call or write before turning his account over. He is easy to find. He’s lived in the same home for 12 years, and only a month earlier Broadridge sent an account statement there.

The state knows where he lives, too. He files taxes every year and registers his car.

“The state has my address,” Reider said. “Broadridge has my address.”

It is a disturbing scenario. What’s even more disturbing is the system worked as it was intended to. Both Broadridge and the state followed the law. And while the system has changed some since then, what happened to Reider could still happen to you.

The unclaimed property system is designed to force businesses to turn over money and other valuables — such as funds from a bank or investment account, proceeds from an insurance payment, a deposit on a utility account or unclaimed wages — that people may have forgotten about, so the state can try to return them.

But the system also can siphon assets that are entirely on your radar, such as Reider’s stock. And your loss may become the state’s gain, even for a short while.

When the state receives unclaimed property, it counts it as revenue until it is returned to its rightful owner. And the state has been bringing in more unclaimed property in recent years because it changed the law to require some property to be considered abandoned sooner than it used to be. In 2002, the dormancy period was reduced from seven years to five years. In 2014, it was reduced from five years to three years.

The net revenue — the difference between the amount of unclaimed property taken in and paid out to people who claim it — more than doubled, from $345.7 million to $796.7 million over that period. You only have to look at the budget stalemate going on now in Harrisburg and the state’s projected $3 billion deficit to understand why state officials would be tempted to use what essentially is found money.

“The state wants that money and they need it so badly and they know they can’t tax, tax, tax because they’ll lose popularity,” Reider said.

Amateur Saboteur posted:

Capitalism.....? Yea it's really good

EugeneJ posted:

Holy poo poo

http://www.mcall.com/news/watchdog/mc-nws-unclaimed-property-pennsylvania-budget-watchdog-20170626-story.html

quote:

At the time, Pennsylvania was one of only two states that did not require notification.

quote:

Tamara Salmon, associate general counsel for the Investment Company Institute, which represents mutual fund companies and opposes the changes [...]“In our view, they are placing the states’ interests ahead of the interest the shareholder has in the property,” Salmon said. “These laws do a disservice to investors.”

ate all the Oreos posted:

lol

EugeneJ posted:

I'm trying to figure out what the other state is that doesn't require notification

quote:

The exception to this requirement is Pennsylvania, where there is no due diligence requirement, and Delaware, where the due diligence requirement is limited to securities-related property.

Inept posted:

When you put it like that, it doesn't sound so bad

Aramoro posted:

It's unpaid leave, your company will just hire someone to cover you and fire you on your first day back because lol it doesn't need a reason in an at will state.

Picnic Princess posted:

Investors deserve to be disserviced. Just like lobbyists. gently caress em all