The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is intended to stimulate the U.S. economy in light of the COVID-19 pandemic. The CARES Act contains a number of provisions relating to employee benefits and executive compensation.
The CARES Act creates a half-dozen new programs to help distressed businesses and workers deal with COVID-19 and related shutdowns. These programs include forgivable loans, tax credits, and expanded unemployment insurance.
On March 27, 2020, the government of the Netherlands announced that the Temporary Benefit for Self-Employed Professionals ("Tozo") will be made available this week, as should the Temporary Emergency Bridging Measure for Sustained Employment ("NOW").
Under Michigan’s Stay Home, Stay Safe Executive Order effective March 24, 2020, only essential businesses or operations that employ critical infrastructure workers are allowed to continue in-person operations.
The DOL’s recent Q&A guidance directly impacts those private-sector employers in Puerto Rico that have closed their worksites in compliance with Executive Order OE-2020-023 issued by Governor Wanda Vázquez Garced on March 14, 2020.