The Families First Coronavirus Response Act (FFCRA), signed by President Trump on March 18, 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, …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
The United States Congress has passed a historic stimulus package to address the havoc caused by the Coronavirus (COVID-19) pandemic. The $2 trillion stimulus package is the …Continue Reading
The U.S. Department of Labor (DOL) has issued guidance on the paid leave requirements under the federal Families First Coronavirus Response Act (FFCRA). Continue reading
On Wednesday, March 18, 2020, the U.S. Senate voted to approve H.R. 6102 The Families First Coronavirus Response Act (the Act) that was passed by the U.S. …Continue Reading