Congress has passed the sweeping $1.9 trillion COVID-19 relief bill and sent it to the White House for President Biden to sign.
President Trump signed the COVID-19 relief bill, which includes $900 billion earmarked for COVID-19 aid. In addition to extending the availability of tax credits for employers that continue to provide leave under the terms established by the FFCRA, the bill contains a number of other takeaways for employers.
The US Department of Labor has revised its model COBRA notices to provide additional information about COBRA's interaction with Medicare.
An appropriations bill signed as 2019 closed repealed the ACA's "Cadillac tax" on certain high-cost, employer-based healthcare plans and enacted the SECURE Act, which eases compliance burdens for certain employer-sponsored retirement plans.
The DOL has issued a final exemption to make it easier for employers to transfer 401(k) plan funds left behind by former workers to their new employers' plans.
News: HR guidance on helping employees prepare for retirement.
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Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.