Section 45S of the Internal Revenue Code (IRC) offers a limited tax credit for employers who provided paid family and medical leave to their employees. The credit is available for wages paid between January 1, 2018, and December 31, 2019, a two-year timeframe. In order to avail themselves of the credit, employers must meet specific... Read more »

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The IRS issued Notice 2018-91 on November 21, 2018. The Notice lists the Required Amendments from 2018 for employer retirement plans. This is the third consecutive year that no statutory changes are required to be made to 401(k) Plan Documents. In fact, this year’s list shows no qualification changes for any type of retirement plan.... Read more »

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Certain employers will now be allowed to deny contraceptive and sterilization services to employees covered by their health insurance plans based on religious and non-religious moral objections. These employers include certain nonprofit organizations (including those that are publicly held), small business, and individuals with non-religious “moral objections” to such services. Moral convictions are defined as... Read more »

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Over the past few years, Employers Council has reported on the state-by-state trend of cannabis decriminalization, from its origins in the realm of “medical marijuana” to the current trend of allowing recreational use of cannabis products in some states. Following this trend is of particular significance to employers who maintain drug testing policies and workers... Read more »

The post Three More States Decriminalize Medical or Recreational Cannabis appeared first on Employers Council Blog.

Beginning April 1, 2018, new procedural rules issued by the U.S. Department of Labor (DOL) changed how plan administrators for ERISA-covered plans treated disability benefits claims. Almost eight months later, it has become clear that many benefits administrators did not understand the full reach of these new procedural rules. While many plan administrators ensured that... Read more »

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As 2018 heads toward its close and planning begins for 2019, thoughts will turn to the Patient Protection and Affordable Care Act (PPACA) reporting that comes up quickly at the start of each year. As a result of the Tax Cuts and Jobs Act, passed in December 2017, the “Individual Mandate” penalty will reduce to... Read more »

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