On Thursday, April 23, 2020, the U.S. House of Representatives voted on and passed the newest coronavirus aid bill, which includes funding for small businesses, hospitals and …Continue Reading
The U.S. Department of Labor (DOL) has issued a temporary rule and updated their Q&A to implement the paid leave mandates of the Families First Coronavirus Response Act (FFCRA). The regulations provide direction for administration of the Emergency Paid Sick Leave Act (EPSLA) and the Emergency Family and Medical Leave Expansion Act (EFMLEA).
This action is intended to provide guidance to the regulated community as they implement the statutory requirements. Continue reading
On Friday, March 27, 2020—after days of debate—the president approved a $2 trillion economic rescue package designed to provide financial assistance to Americans and their families, and billions of dollars in loans for businesses. The package is the largest fiscal stimulus in modern U.S. history and is the government’s most recent response to coronavirus disease 2019 (COVID-19).
The bill is more than 880 pages in length, and most of the bill focuses on financial assistance to individuals and businesses. Click here for a complete overview of the stimulus package.
There are, however, a few welcomed enhancements to employee benefit plans: Continue reading