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Top tips for managing the cost of company car schemes

Employee Benefits

Education on charge- and fuel-saving driving techniques, as well as advanced driver training, can save on day-to-day motoring costs, as well as insurance premiums, and providers may be able to help with this. This will then change to 3% in 2025/26, 4% in 2026/27, and 5% in 2027/28.”

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NJ Rates to Rise in 2024

Workers' Compensation

AGRICULTURAL WORKERS Agricultural workers are guided by a separate minimum wage timetable and were given until 2027 to reach the $15/hour minimum wage. The taxable wage base for workers covered under the Temporary Disability and Family Leave Insurance programs increases to $161,400 for 2024. hour on January 1, up from $12.93/hour.

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Two Neighboring States Recently Joined a Growing Movement to Provide Paid Family Leave

McNees

Delaware’s new law creates a statewide insurance program for paid parental, family caregiving, and medical leave funded through employer and employee contributions. Eligible employees will receive 80% of their average weekly wage, with a minimum weekly benefit of $100 and a maximum weekly benefit of $900 for 2026 and 2027.

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More Big Rigs Phased Out as More Regulations Loom

InterWest Insurance Services

Electric work trucks and day cab tractors must equal 10% of their fleets in 2027, and 100% by 2039. Under current rules: 10% of box trucks and light-duty package delivery vehicles owned by fleet owners must be electric beginning in 2025, and be 100% of their fleets by 2035.

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State Moves to Ban Sale of Non-Electric Big Rigs, Semis in 2040

InterWest Insurance Services

By 2035, medium- and heavy-duty trucks entering ports and railyards must be zero emission, while state and local government fleets must be so by 2027. The rule applies to trucks weighing 10,001 pounds or more and package delivery vehicles of 8,500 pounds or more.

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Optimize invoice payment with fleet factoring solutions

WEX Inc.

billion by 2027, estimated to grow at a compound annual growth rate (CAGR) of 21.1% For that same small fee, factoring solutions also include administrative services, credit checks, load boards, and insurance, all of which can further save trucking companies valuable time and money. Consumers have taken notice, too.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans. Below is a summary of the ARPA’s COBRA subsidy provisions. Tax Credit.