Obama Order Blocks Federal Contracts for Age Discrimination Violators

Contractors found to have discriminated against workers because of their age or committed other recent labor-law violations will be ineligible for federal contracts under an executive order that President Barack Obama signed today. Among the worker protections in the order: Businesses with federal contracts of $1 million or more cannot require arbitration in worker disputes involving sexual harassment and certain civil rights violations. Workers also must get basic information on their paychecks, such as deductions and hours worked, so they can verify that their …

Need a Job? This Search Tool May Help

Looking for work? A new interactive mapping tool helps job seekers pinpoint the cities, counties and states with the best opportunities for their particular skills. Users plug in their occupation, and a free, color-coded U.S. map from Glassdoor, a job search website, highlights the areas with the most job openings for their line of work. A nurse who clicks on the map, for example, will find that Texas has more than 40,000 openings. Zoom in further and the map will show that Dallas alone …

Faygo Sued for Age Discrimination – by Founder’s Grandson

Detroit-based Faygo, a fixture in the soft drink industry since 1907, is being sued for age discrimination by the grandson of one of the company’s founders. Hugh Rosenthal, 70, says he lost his job as Faygo’s director of marketing two years ago simply because of his age. In a lawsuit filed in U.S. District Court, in which he seeks lost wages and damages, Rosenthal argues that if he’d been younger “he would not have been terminated.” “I took so much pride …

Most Medicare Recipients Have Modest Incomes, Kaiser Reports

If you’ve ever wondered about the finances of people receiving federally funded Medicare benefits - are they wealthy, poor or somewhere in between? - a new chart provides some clues. This interactive infographic, released by the Kaiser Family Foundation, takes into account assets, income, age and more as it delivers a financial picture of the estimated 52.4 million people on Medicare. The graphic also includes projected data for 2030, so you can see how current recipients measure up against future beneficiaries. >> Sign up for the AARP Money …

Who’s Tapping Their 401(k) to Pay Off Debt?

Too many workers are using their 401(k) savings plan as a piggy bank, tapping it way before retirement for reasons such as to pay off debt, remodel their home or take a vacation they couldn’t otherwise afford. New research from the financial services company TIAA-CREF finds that one-third of 1,000 Americans surveyed in May have taken out a loan from their retirement savings plan. And 44 percent say they now regret it. The survey looked at what situations caused workers to tap those …

What’s Dad Worth? $24,103

Sure, dads are priceless. Who else is going to kill flying stinging insects, plug leaky pipes and repair the family car? For all that dad does around the house, Insure.com’s annual Father’s Day Index calculated his value for 2014: He’s worth $24,103, up slightly from last year. Dad’s worth is measured by the typical household tasks he performs and the average wages paid for those duties based on data from the Bureau of Labor Statistics. Those jobs include plumber at …