Monthly Archives: May 2016
DOL RELEASES FINAL RULE ON OVERTIME PAY
DOL RELEASES FINAL RULE ON OVERTIME PAY The U.S. Department of Labor (DOL) released its long-awaited final rule regarding overtime pay for “white collar” employees (executive, administrative, and professional). The rule applies to all employers covered by the Fair Labor Standards Act (FLSA), which is the federal law that sets minimum wage, overtime, recordkeeping, and… Read More »
WHAT IS A REVERSE MORTGAGE? DO I NEED A REVERSE MORTGAGE?
What is a reverse mortgage? A Reverse mortgage is a mortgage lien placed on your house to secure a promissory note for money a lending company lends you, which is no different than a regular mortgage. The difference is that with a Reverse mortgage there are no required monthly payments. Your obligations when you have… Read More »
PAYING FOR LONG TERM CARE
As we age, the likelihood of needing long-term care for either a finite amount of time or indefinitely increases. It is important to understand who is responsible for paying for long-term care. Many people think that if they are in a skilled nursing facility long-term, then Medicare will pay. The reality is that Medicare has… Read More »
SUPREME COURT: EMPLOYER CAN’T PUNISH EMPLOYEE FOR (NOT) EXERCISING 1ST AMENDMENT RIGHTS
Last week the Supreme Court issued an important decision protecting First Amendment rights. Heffernan v. City of Paterson involved the following facts: Jeffrey Heffernan, a detective in the City of Paterson, New Jersey police department, picked up a lawn sign from a distribution point for the campaign of the mayoral candidate running against the incumbent… Read More »