Articles by Editorial Staff
Articles by Editorial Staff
IRS Updates Benefit Plan Correction Guidance
October 4, 2021
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On August 25th, 2021, the Internal Revenue Service (IRS) released updated guidance for employers on correcting benefit plan mistakes. In general, Revenue Procedure 2021-30 updates the Employee Plans Compliance Resolution System (EPCRS). Chiefly, if an administrator makes a mistake in a retirement plan, the EPCRS can fix the error, avoiding plan disqualification. Earlier, in July 2021, the IRS r...
DOL Relies on Court Decision to Address ERISA’s Statute of Limitations
September 28, 2021
90 view(s)
Under the Employee Retirement Income Security Act (ERISA), an investigation into possible violations must follow ERISA’s statute of limitations. In general, ERISA sets standards for established retirement and health plans in private industry. In effect, these standards protect individuals enrolled in these plans. Given that, rules allow the Department of Labor (DOL) to file suit against entitie...
Federal Workforce COVID Guidance Released
September 28, 2021
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On September 24th, 2021, the Safer Federal Workforce Task Force (Task Force) released new federal workforce COVID guidance. In brief, the White House COVID-19 Response Team leads the Task Force. The General Services Administration (GSA) and the Office of Personnel Management (OPM) also lead the team. Chiefly, the Task Force gives federal agencies ongoing guidance to keep their employees safe an...
Latest DOL Final Rule Levies Penalties on Employee Tip Withholding
September 27, 2021
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On September 23rd, 2021, the U.S. Department of Labor (DOL) announced a new final rule on employee tip withholding. Generally, the rule restores the DOL’s ability to assess civil penalties against employers who take tips earned by their employees. Markedly, the rule states this is a violation no matter if the action is willful or repeated. Additionally, the rule modifies the DOL’s broader civil...
DOL Announces Joint Employer Rule Postponement
September 21, 2021
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On September 20th, 2021, the U.S. Department of Labor (DOL) announced a joint employer rule postponement. In brief, the original Joint Employer Rule went into effect in March 2020 during the Donald J. Trump administration. However, since the original effective date, the Biden administration rescinded the rule with an effective rescission date of September 28. Presently, the DOL has postponed th...
Federal Contractor COVID Protocols Updated
September 21, 2021
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The Safer Federal Workforce Task Force (Task Force) has recently issued new federal contractor COVID protocols. In brief, the White House COVID-19 Response Team leads the Task Force. The General Services Administration (GSA) and the Office of Personnel Management (OPM) also lead the team. Chiefly, the Task Force gives federal agencies ongoing guidance to keep their employees safe and agencies o...
OSHA to Create Heat Illness Prevention Standard
September 20, 2021
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The Department of Labor (DOL) has announced efforts to address heat-related illnesses by combating indoor and outdoor heat exposure hazards. Markedly, the actions are part of the Biden Administration’s commitment to workplace safety, climate resilience, and environmental justice. Explicitly, the Occupational Safety and Health Administration (OSHA) wants to protect workers and reduce the dangers...
President Biden Announces Federal COVID-19 Vaccination Requirements
September 14, 2021
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In the latest attempt to stop the spread of the coronavirus, President Joseph Biden recently announced new COVID-19 vaccination requirements. Because of the recent rise in variant cases, the requirements are part of a six-pronged strategy to combat the virus. Accordingly, the Biden administration believes the new approach uses every available tool to combat COVID-19 and save many lives. Previou...
SBA Revises Economic Injury Disaster Loan Rules
September 13, 2021
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On September 9th, 2021, the Small Business Administration (SBA) announced significant enhancements to its COVID Economic Injury Disaster Loan program. Generally, the Economic Injury Disaster Loan program (EIDL) assists businesses, renters, and homeowners located in regions affected by declared disasters. In March 2020, under the CARES Act, the SBA created the COVID-related version of the EIDL. ...
The Relationship Between Natural Disasters and Employment Law
September 13, 2021
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The recent destruction left by Hurricane Ida over the southern and eastern United States has created an opportunity for affected employers to understand the relationship between natural disasters and employment law. For example, employers can experience damaged or closed businesses and displaced employees, which creates questions about pay and timekeeping Undeniably, whether it is a hurricane,...