On September 6, 2024, the U.S. Department of Labor (DOL) issued a press release announcing that it was publishing updated cybersecurity guidance in the form of Compliance Assistance Release No. 2024-01 for all plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The new guidance updates the DOL’s April 2021 cybersecurity guidance,
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Department of Labor Launches Retirement Savings Lost and Found
The SECURE 2.0 Act of 2022 added new Section 523 to the Employee Retirement Income Security Act of 1974 (“ERISA”), requiring the Department of Labor (the “Department”) to establish an online database called the Retirement Savings Lost and Found (“RSLF”). The RSLF is intended to help individuals find unclaimed retirement benefits by identifying the current
Massachusetts’ Salary Range Transparency Law: Key Requirements for Employers
Deadline Approaching for Federal Contractors to Object to Disclosure of EEO-1 Reports
Federal contractors have until December 10, 2024, at 11:59 p.m. to file written objections to the disclosure of their EEO-1 Type 2 Consolidated Reports in response to a recent Freedom of Information Act (FOIA) request. This deadline stems from a recent announcement by the Office of Federal Contract Compliance Programs (OFCCP) alerting contractors to two
FLSA Salary Exemption Hike Set Aside Nationally: What to Do Now?
Earlier today, November 15, 2024, United States District Court Judge Sean D. Jordan of the Eastern District of Texas, granted summary judgment against the Department of Labor determining that the United States Department of Labor regulations expanding overtime eligibility to over four million workers went beyond the agency’s authority and vacating and setting aside the
National Labor Relations Board Bans Captive Audience Meetings
On November 13, 2024, the National Labor Relations Board (NLRB) issued a landmark decision in the case of Amazon Services LLC, banning so-called “captive audience meetings,” a tool regularly used by employers in response to union campaigns. This decision overturns the Board’s 76-year-old precedent set in Babcock & Wilcox Co., 77 NLRB 577 (1948), and
Maine Employers: Paid FML Preparation
While Maine employers are still waiting for the Department of Labor to finalize regulations related to the recently instituted Paid FML program, there are steps that employers should take now. Specifically, employers should be aware that the Maine Department of Labor has made available the required poster informing employees of their rights under the recently
Connecticut Employers: 2025 Paid Leave
Employers with employees in Connecticut need to be aware of Connecticut’s recently enacted revision to Public Act No. 24-8, which broadens the scope of paid sick leave requirements, making it applicable to a broader range of businesses and employees. Employers should review their current policies and bring them into compliance with this new revision. Key
Retirement Plan Overpayment Corrections Continue to Evolve
For over twenty years, the IRS has provided guidance on correcting overpayments from retirement plans through its correction program, the Employee Plans Compliance Resolution System, currently set forth in Revenue Procedure 2021-30 (“EPCRS”).[1] In 2022, new statutory provisions were passed addressing overpayments, and on October 15, 2024, in response to those new provisions, the
What New England Employers Need to Know About Voting Leave Laws
In the midst of election season, New England employers must fully understand the voting leave laws in the jurisdictions in which they operate. Like so many employment laws, each state has its own regulations regarding time off to vote, ensuring that voters can participate in the democratic process without sacrificing their job security. Below are