As part of the omnibus spending bill passed in a frenzy before the holiday break, Congress included the Securing a Strong Retirement Act of 2022. This law contains several changes that will have a profound impact on the rules governing retirement plans.
The First Circuit recently ruled that an insurer owes a fiduciary duty to all employees enrolling in group benefit plans to verify eligibility for coverage at or near the time of enrollment under ERISA.
A new rule clarifies how and when fiduciaries of retirement plans subject to ERISA can make investment decisions that promote environmental, social, or governance (ESG) goals or otherwise reflect ESG considerations.
For nearly two decades, Nevada has utilized a unique two-tier minimum wage system that permitted employers that offered qualified health benefits to employees to pay $1.00 less per hour than employers that did not offer such benefits to their employees.
To be exempt from collecting and remitting contribution payments beginning on January 1, 2023 to Oregon’s new paid family medical leave program, employers must submit certain forms by November 30, 2022.
On October 14, 2022, the Pension Benefit Guaranty Corporation, the federal agency that insures and regulates private-sector defined benefit pension plans under Title IV of the ERISA, published a proposed rule governing employer withdrawal liability.
California state and local governmental bodies—our state legislature, and counties and cities—were active again this year in their efforts to regulate the workplace.
