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Glass Lewis and ISS Announce Updates For 2024 Proxy Season

Proskauer's Employee Benefits & Executive Compensa

Glass Lewis (“GL”) recently released its annual Benchmark Policy Guidelines for 2024. This update makes several changes to how the proxy advisory firm will evaluate company policies related to executive compensation.

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November 9, 2023 – ACA & Employee Benefits Compliance Webinar – An Employee Benefits Update

InterWest Insurance Services

JOIN US: Join us as we cover the latest in employee benefits from a legal and regulatory perspective. Lastly, we’ll review the ACA’s “affordability” percentage that was recently released for 2024, as well as the new e-filing requirements that will impact employers filing ACA returns in 2024. – 10:00 a.m.

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FTC Issues Rule Banning Worker Noncompete Agreements

McDermott Will & Emery Employee Benefits

On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 along party lines to ban all new noncompete agreements nationwide and render existing noncompete agreements binding most workers unenforceable.

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Final SEC Clawback Rules: Key Dates that Issuers Need to Know

Proskauer's Employee Benefits & Executive Compensa

60 days after listing standards become effective (latest date: January 27, 2024): Outside date for issuers to adopt compliant clawback policy. Disclosures required by Final Rules must be included in all applicable SEC filings required on or after this date.

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IRS Announces Delay of Implementation of SECURE 2.0 Act’s Roth Catch-up Contribution Provision for Two Years

Benefits Notes

On the legal side, plan sponsors were concerned that plans that did not offer Roth contributions would have to cease allowing older workers to make catch-up contributions effective as of January 1, 2024. As signed into law, Section 603 of the SECURE 2.0 Consequently, in order to comply with the requirements of SECURE 2.0,

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Soaring New Heights: The IRS’s Crackdown of Aircraft Usage by Corporations and High-Income Earners

McDermott Will & Emery Employee Benefits

Werfel added that audits of high-income earners will likely […] The post Soaring New Heights: The IRS’s Crackdown of Aircraft Usage by Corporations and High-Income Earners appeared first on EMPLOYEE BENEFITS BLOG.

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Prohibition Against Non-Competes Expands in California

Proskauer's Employee Benefits & Executive Compensa

The law goes into effect on January 1, 2024. Previously, California law banned non-compete agreements, subject to limited exceptions.