On January 5, 2023, the Federal Trade Commission (“FTC” or the “Commission”) released a Notice of Proposed Rulemaking which aims to ban non-compete clauses in employment contracts. A non-compete clause is a contractual term that typically blocks an employee from working for a competing employer, or starting a competing business, […]
Labor & Employment Law Update
Iowa Department of Inspections and Appeals Clarifies Rule for New Iowa Staffing Agency Law
on Wednesday, 4 January 2023 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On November 30, 2022, the Iowa Department of Inspections and Appeals (“IDIA”) published final rules regarding Iowa’s new law (Iowa Code § 135Q.2) related to health care employment agencies. In August, Baird Holm first reported on the new requirements and limitations for health care employment agencies doing business in the […]
SECURE 2.0 is Here: Major Retirement Plan-Related Changes
on Wednesday, 4 January 2023 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On December 29, 2022, President Biden signed into law the “SECURE 2.0 Act of 2022,” which includes nearly 100 sections that expand on retirement laws and encourage (and, in some cases, require) additional retirement savings. SECURE 2.0 comes right on the heels of the SECURE Act of 2019, which, at […]
Review of California’s 2022 Legislative Session and New Employment Laws
on Friday, 9 December 2022 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
California’s 2022 legislative session concluded at the end of September, and Governor Newsom approved a number of employment-related bills, most of which will impose new obligations on California employers starting on January 1, 2023. California employers, including out-of-state companies with California employees, should take steps to become familiar with the […]
The DOL and IRS Have Been Busy! Quick Hits Employee Benefits Update
on Friday, 9 December 2022 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
The DOL and IRS have been busy the past few weeks, issuing new guidance. This newsletter article offers a “quick hits” summary of some of the key changes: 1) New Determination Letter Program for 403(b) Plans. Earlier this fall, the IRS published Revenue Procedure 2022-40, which now permits determination letter […]
