Labor & Employment Law Update

On April 23, 2024, the Department of Labor (“DOL”) released a final rule raising the salary thresholds for certain overtime exemptions under the Fair Labor Standards Act (“FLSA”). Baird Holm previously reported on the DOL’s proposed rule, which was introduced on August 30, 2023. All employers should be familiar with […]

On January 5, 2023, the Federal Trade Commission (“FTC” or the “Commission”) released a Notice of Proposed Rulemaking which aimed to broadly ban non-compete clauses in employment contracts. Baird Holm previously reported the proposed rules.  Over a year later, the FTC issued a final rule banning most non-competes nationwide on […]

The Equal Employment Opportunity Commission’s (“EEOC”) 2023 EEO-1 Component 1 Data Collection will open on April 30, 2024. The deadline for submitting the EEO-1 is June 4, 2024.  As a quick refresher, the EEO-1 survey must be filed annually by private employers with 100 or more employees, and by federal […]

On April 16, 2024, the IRS published Notice 2024-35, which provided welcome relief (again) from required minimum distribution (“RMD”) compliance for post-death distributions under the 10-year rule for 2024.  Required minimum distributions are amounts retirement plan participants (and individual retirement account (IRA) owners) must withdraw once they (a) retire, or […]

On April 15, 2024, the Equal Employment Opportunity Commission (“EEOC”) issued a final rule to implement the Pregnant Workers Fairness Act (“PWFA”) which will be published on April 19, 2024, and become effective on June 18, 2024. Recall that the PWFA was signed into law in 2023 and requires a […]