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Compensation & Benefits

Small businesses can soon offer association retirement plans

07/30/2019
According to a DOL statement, the rule enables small businesses to offer benefit packages comparable to those offered by large employers.

Snapshot: Most employers provide full pay during parental leave

07/30/2019
More than half of U.S. employers offer paid parental leave—and more than three-fourths do so with full pay.

Survey: Health, financial wellness benefits work

07/30/2019
Among the wellness benefits found to be most effective in the survey by the Prudential insurance company were those that help employees monitor and improve their health, access gyms, get advice on fitness or diet and battle addictions such as smoking.

IRS will allow shortened SSNs on employees’ W-2 forms

07/25/2019
Starting in 2021, the IRS will permit employers to shorten Social Security numbers that are printed on employees’ W-2 wage statements.

EEO-1 portal opens for pay data collection

07/25/2019
The EEOC has opened the web portal employers must use to report compensation data required by the much-delayed component 2 of the annual EEO-1 report.

ACA ‘Cadillac tax’ repealed in House, Senate likely to follow suit

07/23/2019
With overwhelming bipartisan support, the House of Representatives on July 17 voted 419-6 to repeal the Affordable Care Act’s unpopular, much-delayed excise tax on high-cost employer-sponsored health plans.

House votes to raise federal minimum wage to $15 per hour

07/23/2019
The House of Representatives voted July 18 to raise the federal minimum wage to $15 per hour by 2025, passing legislation that will probably not have even a committee hearing in the Republican-controlled Senate.

Snapshot: Telemedicine takes off!

07/23/2019
Almost three-fourths of employer-provided health plans now offer a telemedicine component so employees can consult a health care provider by phone or video chat.

New York enacts more generous paid voting leave rules

07/19/2019
The law virtually guarantees that all employees who request time off for voting must be granted sufficient paid time off to enable them to vote, up to a maximum of three hours.

Court rules California’s auto-IRA program is legal

07/18/2019
A federal trial court has ruled that California’s Secure Choices law—which mandates that small employers that don’t already have retirement plans enroll employees into auto-deduction IRAs and withhold the contributions from their pay—isn’t an ERISA-covered retirement plan.