On March 21, 2018, the Governor of Puerto Rico announced his “Initiative to Reform the Labor Force,” with the express goal of increasing the employment rate.
On March 5, 2018, the IRS reduced from $6,900 to $6,850 the maximum amount an individual with family coverage may contribute to a Health Savings Account (HSA) for the 2018 calendar year.
On December 15, 2017, the Puerto Rico Department of the Treasury issued Tax Policy Circular Letter No. 17-02 announcing the 2018 applicable contribution limits for qualified retirement plans.
Prince George’s County, Maryland has enacted a new law requiring that covered employees be allowed to accrue and use paid leave for absences connected to domestic violence, sexual assault, or stalking.
The Trump administration's Unified Agenda of Regulatory and Deregulatory Actions ("regulatory agenda"), released on December 14, 2017, indicates agencies are taking a hard look at existing rules, and treading lightly with new ones.
On November 15, 2017, the Puerto Rico Treasury issued Administrative Determination Number 17-29 to provide special rules and procedures applicable to distributions from qualified retirement plans and IRAs following Hurricane María.
Labor Secretary Alexander Acosta fielded a range of questions on the DOL's priorities during a November 15 hearing before the House Committee on Education and the Workforce.
On January 1, 2018, and throughout the coming year, employers across the nation will confront a host of new or amended federal, state, and/or local laws.
