Employee Benefits

SEPTEMBER 20, 2023

Societe Generale’s 2022 UK gender pay gap report, which covers employees at its London and international business, revealed that the median pay gap for hourly pay was 26.2%, higher than the average UK employer but less than the 30.1% French multinational financial services firm Societe Generale has invested €100 million euros (£865.4

Finance 105

Finance Employee Benefits Employment IT 105

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

Act of 2022 (“SECURE 2.0”) was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act, and included a myriad of required and optional plan design changes for retirement plan sponsors and employers (described in more detail here ). As previously discussed, the SECURE 2.0 Section 603 of SECURE 2.0

401(k) 98

401(k) Retirement Plan Education Finance 98

Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government has decided to maintain the current freeze on employers’ national insurance (NI) contribution thresholds for a further two years. In addition, the employment allowance will be retained at a higher level of £5,000 until March 2026.

Government 105

Government Insurance Taxes Recruitment 105

InterWest Insurance Services

MARCH 12, 2024

Efforts are afoot to create new laws and regulations that would require California employers to include the opioid overdose medication Narcan in their first aid kits. The takeaway In light of the opioid overdose epidemic, more and more employers and operators of facilities that cater to the public have started stocking naloxone.

Medical 83

Medical Construction Retail Employment 83

Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 single employer 401(k) plan is generally treated as exempt from the automatic enrollment requirements, even if the spin-off occurs after December 28, 2022. Spin-Off from Pre-SECURE 2.0

401(k) 111

401(k) Taxes Retirement Plan Employment 111

McNees

MAY 25, 2022

Maryland and Delaware recently joined the growing list of states that have enacted legislation requiring employers to offer paid family and medical leave. Maryland’s new law will cover all employers with at least one employee in the state. Employers with 10 to 24 employees only need to offer parental leave.

Paid Leave 105

Paid Leave Parental Leave Deductions Deductible 105

Employee Benefits

MARCH 7, 2024

This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

Employee Benefits

MAY 2, 2024

Although the deadline for connecting is 31 October 2026, trustees and pension scheme providers are expected to aim to connect by the timetable outlined in the guidance rather than waiting until the strict legal deadline. If you would like to speak to Jonathan please do not hesitate to get in touch.

Pension 52

Pension Finance Banking Government 52

Proskauer's Employee Benefits & Executive Compensa

AUGUST 28, 2023

requirement that catch-up contributions for participants with FICA wages of more than $145,000 during the prior calendar year from the employer maintaining the plan must be made on a Roth basis. On Friday, the IRS released Notice 2023-62 , which addresses certain pressing implementation issues related to the SECURE 2.0 Under SECURE 2.0,

Taxes 52

Taxes Employment 401(k) 52

HR Digest

JANUARY 8, 2023

The law was passed in June 2020 and is expected to have been implemented in June 2026. To confirm their strictness with this law, organizations that fail to reach the appropriate quota by 2026 will eventually pay fines and risk losing certain positions on their boards. Law 3: The right to disconnect . Countries involved: Portugal.

Work From Home 111

Work From Home Government Transportation Employment 111

Workplace Insight

MARCH 25, 2024

In comparison, just 19 percent of non-graduates plan to independently upskill and only 18 percent expect access to this through their employer between now and 2026. Just 19 percent of over 55’s are seeking AI training themselves over the next few years while only 18 percent are looking for this through their employers.

Education 64

Education Government Banking Employment 64

Snell & Wilmer Benefits

AUGUST 28, 2023

requires catch-up eligible participants who received more than $145,000 in wages from their employer in the prior year to make catch-up contributions on a Roth basis. Notice 2023-62 addresses these concerns by giving plan sponsors until January 1, 2026 to implement the SECURE 2.0 More specifically, SECURE 2.0 This SECURE 2.0

401(k) 52

401(k) Retirement Plan Taxes Employee Benefits 52

Money Talk

APRIL 14, 2022

Tax-Deferred Investing - One way to avoid a higher tax bracket is to increase tax-deductible contributions to an employer retirement plan (e.g., Pay particular attention if your projected income is close to a “breakpoint” for the next highest tax bracket so you can take proactive steps to stay below that number. 401(k), 403(b), 457, TSP).

Taxes 188

Taxes Family and Medical Leave Act 401(k) Deductions 188

HR Digest

SEPTEMBER 11, 2023

states offering family leave require employees and/or employers to contribute to a paid leave fund. If you’re an employer with employees who work in one of the states with paid family leave, you need to know your responsibilities. State paid family leave applies to employers who qualify for businesses in all states.

Family and Medical Leave Act 86

Family and Medical Leave Act Paid Sick Leave Paid Leave Parental Leave 86

Employee Benefits

JULY 24, 2023

After a week of negotiations with the Advisory, Conciliation and Arbitration Service (Acas) the Aslef Executive Committee and trade union RMT agreed to suspend the planned industrial action on Wednesday 26 and Friday 28 July after receiving confirmation that there would be no change to the pension scheme until 2026.

Pension 52

Pension Pension Benefit Transportation Government 52

Employee Benefits

FEBRUARY 5, 2024

Yet, at the same time, with money tight both for employers and employees, keeping driving and car costs down remains key. Here are some top tips on how employers can help employees better manage their company car costs. This will then change to 3% in 2025/26, 4% in 2026/27, and 5% in 2027/28.”

Management 91

Management Taxes Salary Engineering 91

InterWest Insurance Services

DECEMBER 20, 2022

1, 2026, it applies to all licensed contractors or applicants for licensure, regardless of classification, unless they are organized as a joint venture and file a certificate of exemption from workers’ compensation. Employers would no longer be required to evaluate whether their method of ventilation is adequate to reduce risk.

401(k) 86

401(k) Paid Sick Leave Retirement Plan Workers’ Compensation 86

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 23, 2022

Until then, below is a high-level summary of some key highlights for employers and retirement plan sponsors: Improving Access to Retirement Savings. Permits employers to provide employees with the option of receiving matching or non-elective contributions on a Roth basis ( effective on enactment ).

401(k) 108

401(k) Retirement Plan Taxes Finance 108

Workers' Compensation

DECEMBER 28, 2023

Raising and aggressively enforcing the minimum wage signals to employers and workers alike that New Jersey values its workforce,” said Labor Commissioner Robert Asaro-Angelo. MINIMUM WAGE Under the law, some employers are allotted more time to reach the $15/hour minimum wage. hour, with employers able to claim a $9.87

Disability Insurance 52

Disability Insurance Workers’ Compensation Piece Rates Mining 52

Higginbotham

SEPTEMBER 14, 2022

CMS has provided model disclosure notices for employers to use. To make the process easier, employers often include Medicare Part D notices in open enrollment materials sent out annually. The negotiations will take effect in 2026 for 10 drugs covered by Medicare, increasing to 20 drugs in 2029.

Electronics 98

Electronics Health Insurance Human Resources Employment 98

Employee Benefits

FEBRUARY 17, 2023

This is particularly the case where employees are making healthy contributions to their pension scheme and perhaps receiving matching employer contributions. and receives employer contributions of 10%, it is possible for their pension fund to reach £1,381,000 by the time they retire at 65.

Pension 104

Pension Taxes Pension Benefit Salary 104

Insperity

OCTOBER 10, 2023

workers better prepare financially for retirement, at every stage of their employment journey. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 employer-sponsored 401(k) plans. The Internal Revenue Service (IRS) will begin enforcing this provision in 2026.

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

Employee Benefits

APRIL 24, 2023

Looking at childcare provision in other countries , greater investment from government can bring down overall costs for employers to offer working parents more support. The aim is to replicate the subsidised model in Quebec and guarantee that by 2026, parents pay no more than an average of C$10 a day for childcare,” he says.

Parental Leave 111

Parental Leave Government Education Recruitment 111

Benefits Notes

AUGUST 29, 2023

as an election to make such contributions on a Roth basis; and (iii) in the case of multiple employer and multiemployer plans, Section 603 of SECURE 2.0 would not require unrelated employers to aggregate the wages of plan participants to determine which participants are limited to making only Roth catch-up contributions.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Hireology

APRIL 3, 2018

trillion by 2026. In this eBook, we’ll share an overview of top disruptors impacting home health care and best practices to improve your people strategy, including: How to build a strong employment brand. Health care spending is rapidly growing and projected to reach $5.7 Tips for rethinking your applicant sourcing strategy.

Hospitality 60

Hospitality Employment 60

Employee Benefits

JANUARY 21, 2022

As announced in April’s Budget, the Lifetime Allowance (LTA) will be frozen at its current level of £1,073,100 until April 2026. and receives employer contributions of 10%, it is possible for their pension fund to reach £1,381,000 by the time they retire at 65. Assumes growth rate of 5% and excludes charges on the pension plans.

Pension 52

Pension Taxes Pension Benefit Education 52

HR Digest

AUGUST 27, 2020

million people currently employed in this field with an estimated growth of 26% by 2026. Its job expansion is also expected to increase by 19 percent by the year 2026. . They may specialize in networks, operating systems, applications or databases to create a secure software platform and write the correct code for it. Accountant.

Software 58

Software Entertainment Retirement Plan Taxes 58

AssuredPartners

FEBRUARY 1, 2022

In addition, the WA Cares Fund website reminds employers that during this postponement period they should continue to maintain copies of exemption approval letters for workers who’ve provided them. Premiums must be assessed once the employee notifies their employer and ESD they no longer meet the exemption criteria.

Commissions 98

Commissions Insurance Taxes Deductions 98

Hireology

OCTOBER 31, 2018

trillion on home health care by 2026. Applicant Engine sources applicants across various job boards, niche employment networks, local classifieds and social media automatically – saving time that would have otherwise been spent managing expensive one-off job boards.

Engineering 60

Engineering Media Employment Management 60

HR Digest

FEBRUARY 15, 2022

According to Gartner , 25% of individuals will spend at least one hour every day in the Metaverse for work, retail, education, social networking, and/or leisure by 2026. The Future of Work And Metaverse. Consider a Metaverse as the next evolution of the Internet, which began as separate bulletin boards and online destinations.

Technology 122

Technology Education Retail Construction 122

AssuredPartners

APRIL 15, 2019

Large employers, with at least 15 employees, will start their increases on January 1, 2020, to reach the end goal of $15.00 The other states include California, Illinois, Massachusetts, New Jersey and New York.nThe new minimum wage will not take effect immediately, but rather on a yearly increase schedule. by January 1, 2025.

Employment 40

Employment 40

Florida Workers' Comp

DECEMBER 8, 2022

That is going to have major impacts in the coming years on employment, workplace safety, and even injury and recovery management. Apple announced this week that its autonomous car debut has been pushed to 2026. I struggle with volume and at times with comprehension. I periodically just do not get it.

Government 104

Government Health Medical Technology 104

Workers' Compensation

DECEMBER 29, 2021

Under the law, seasonal and small employers were given until 2026 to reach $15 per hour to lessen the impact on their businesses. hour, with employers able to claim a $7.87 If the minimum cash wage plus an employee’s tips do not equal at least the state minimum wage, then the employer must pay the employee the difference.

Workers’ Compensation 59

Workers’ Compensation Piece Rates Health Employment 59

Hireology

MARCH 3, 2020

trillion on home health care by 2026. Maintain a strong employer brand . This can be made possible with a strong employer brand. The goal of your employer brand should be to answer the “What’s in it for me?” Recent data projects that Americans will spend $5.7

Recruitment 97

Recruitment Consulting Employment Healthcare 97

Hireology

MARCH 3, 2020

trillion on home health care by 2026. Maintain a strong employer brand . This can be made possible with a strong employer brand. The goal of your employer brand should be to answer the “What’s in it for me?” Recent data projects that Americans will spend $5.7

Recruitment 97

Recruitment Consulting Employment Healthcare 97

HR Digest

AUGUST 27, 2020

million people currently employed in this field with an estimated growth of 26% by 2026. Its job expansion is also expected to increase by 19 percent by the year 2026. . They may specialize in networks, operating systems, applications or databases to create a secure software platform and write the correct code for it.

Software 40

Software Entertainment Retirement Plan Taxes 40

Business Management Daily

DECEMBER 16, 2022

But that doesn’t mean it’s smooth sailing for employers. Bubenik, outlined several election-night outcomes in individual states that employers should be aware of. Maule pointed out that Amendment 3 includes the express prohibition against employment discrimination. “An Counsel at the firm, Stephen B. Maule and Timothy W.

Medical 52

Medical Overtime Transportation Employment 52