On August 16, 2018, the San Antonio City Council adopted a paid sick and safe leave ordinance which, aside from minor linguistic differences, is identical to the ordinance passed earlier this year in Austin.
The PR Treasury has extended the period allowing Puerto Rico residents impacted by Hurricane Maria to make distributions from qualified retirement plans and IRAs at a preferential tax rate.
On July 31, 2018, a New York federal court issued an opinion in favor of NYU, in the first case to reach trial concerning ERISA challenges to fees and investment lineups in school retirement plans.
The Supreme Court recently held that railroad stock options are not taxable compensation under the Railroad Retirement Tax Act. This ruling represents a significant win for railroad companies.
On the heels of signing equal pay legislation which will substantially expand pay equity protections for New Jersey employees, Governor Phil Murphy tweeted that he will sign a statewide paid sick leave bill on Wednesday, May 2, 2018.
Acknowledging “numerous unanticipated administrative and financial burdens,” the IRS officially revoked its earlier attempt to lower the 2018 health savings account (HSA) contribution limits.