Labor & Employment Law Update

The Internal Revenue Service (IRS) has announced the cost-of-living adjustments for retirement and health and welfare benefit plans.  The changes are effective January 1, 2023.    Limit Type Current 2022 Limit New 2023 Limit Defined Contribution Retirement Plan Elective Deferral Contribution Limit $20,500 $22,500 Catch-Up Contribution Limit $6,500 $7,500 Annual […]

On October 13, 2022, the IRS issued final regulations that revise how to measure affordability under the Affordable Care Act (ACA) for purposes of an individual’s eligibility for the premium tax credit.  The final regulations are largely unchanged from the proposed regulations the IRS issued in April.  The final regulations […]

Out with the old, in with the new… For a required workplace poster, that is!  On October 19, 2022, the U.S. Equal Employment Opportunity Commission (“EEOC”) released a new “Know Your Rights” poster.  The poster, prepared by the EEOC, summarizes federal laws prohibiting job discrimination and identifies the reporting process […]

As many have heard, the Department of Homeland Security (“DHS”) has been working on a new Form I-9 as well as considering allowing for remote viewing of acceptable documentation. Unfortunately, neither the new Form nor the new remote rules have been released and are not expected for some time.  DHS […]

As the close of 2022 approaches, we present our annual end-of-the-year “to do list” for plan sponsors to consider as they reflect on the various laws and legal updates enacted over (or effective beginning) the past year. 2021 and 2022 Required Minimum Distributions Under the 10-Year Rule.  In February 2022, […]