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Should Your Business Offer the New Emergency Savings Accounts to Employees?

Machen McChesney

It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing it became effective for plan years beginning January 1, 2024. Department of Labor (DOL) published some frequently asked questions to help employers, plan sponsors, participants, and others understand them.

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Too Many Managers: The Strategic Use of Titles to Avoid Overtime Payments

Harvard Corporate Governance

The common perception of managerial positions is that they come with more responsibility and oversight authority. The Fair Labor Standards Act §7(g) (hereafter FLSA) exempts employers from making overtime payments to employees who are “managers” and are paid a salary above a threshold.

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Skadden Discusses the FTC’s Plan To Limit Noncompetes

Reynolds Holding

As part of its declared focus on fostering competition in the labor market, the Federal Trade Commission (FTC) has proposed to ban most noncompetition agreements, or noncompetes, restricting the activities of former employees. A few states, notably California, generally prohibit post-employment noncompetes.

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Attorney Explains Legal/Legislative Landscape Surrounding Classifying Student-Athletes As Employees

ThomsonReuters

A legal expert in multiple practice areas that includes wage and hour litigation recently talked with Checkpoint Payroll Update regarding the legal battles and pending federal legislation surrounding student-athletes and whether they may be classified as employees under the Fair Labor Standards Act (FLSA) in the future.

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Monkeypox On the Rise: Review of Paid Sick PHE Provisions

ThomsonReuters

Colorado’s paid sick leave law, “Healthy Families and Workplaces Act” (HFWA) requires employers to provide up to 80 hours of additional paid leave during a declared PHE. However, many such provisions were COVID-19 specific and did not apply to all PHEs. San Francisco. Montgomery County.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

A flurry of bills is being proposed in the payroll space — many having to do labor and employment. From difficulties filling state jobs to worker retention issues with private employers in the state. Storey noted that as public policy leaders, employers turn to state legislators for assistance. New Hampshire.

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Congress Passes ARPA With Many COVID-19 Payroll-Related Provisions

ThomsonReuters

Provides that paid sick and paid family leave credits may each be increased by the employer’s share of Social Security tax (6.2%) and employer’s share of Medicare tax (1.45%) on qualified leave wages. “Applicable employment taxes” are defined as the employer’s share of Medicare or Tier 1 RRTA tax. .

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