We are an institution with 60 employees and currently have an Affirmative Action Policy/Program in place. We received information from Treasury Direct stating that as of January 1, 2012- paper savings bonds will no longer be sold at financial institutions. As I understand, the two main keys for Affirmative Action are greater than 50 employees and selling US Savings Bonds. Since we will no longer sell the bonds, is our institution required to continue to redeem them? Secondly, without issuing savings bonds, would we be required to maintain our Affirmative Action Policy/Program?
Help! We just crossed the magic threshold of having 50 employees. I am told this makes us subject to the affirmative action laws and requirements. Are there some common mistakes that companies typically make in the affirmative action area? We don't want to get nailed.