On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The law contains various provisions that impact employers, including a new COBRA subsidy.
On March 10, 2021, the DOL announced that it will not enforce or otherwise pursue enforcement actions with respect to two recently issued final rules amending the “investment duties” regulation under Title I of ERISA.
On March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021, which includes the Butch Lewis Emergency Pension Plan Relief Act of 2021.
House Education and Labor Chairman Bobby Scott (D-VA) recently introduced legislation that seeks to provide aid to multiemployer pension plans (MEPs) facing insolvency.
On January 8, 2021, the Pension Benefit Guaranty Corporation (PBGC) issued its final rule modifying the calculation of withdrawal liability by multiemployer pension plans.
On January 7, 2021, Mexico’s National Institute of Statistics and Geography published the new values for the Updated Metric Unit that will take effect on February 1, 2021.
El 7 de enero de 2021, el Instituto Nacional de Estadística y Geografía (INEGI) publicó los nuevos valores para la Unidad de Medida y Actualización (en adelante “UMA”) que entrará en vigor el 1 de febrero de 2021
The Puerto Rico Department of Labor and Human Resources issued guidance discussing considerations for private sector employers when requesting an exemption from paying the Christmas Bonus after receiving COVID-19-related economic assistance.
