On December 31, 2018, the Puerto Rico Department of the Treasury issued Internal Revenue Informative Bulletin No. 18-24, announcing the 2019 applicable limits for Puerto Rico qualified retirement plans.
While the partial shutdown has kept Congress at an impasse, it should be business as usual at the state and local levels in January. It is a safe bet that many of the 2018 issues that served as midterm election talking points will reemerge.
On December 14, 2018, a Texas federal court declared the entire Affordable Care Act (ACA) unconstitutional. Despite this broad holding (and clickbait headlines), employers should not expect to see any significant changes to the ACA in the near future.
On November 8, 2018, the Secretary of the Puerto Rico Department of Labor and Human Resources published a new regulation governing the administration of Puerto Rico's unemployment insurance program.
The Departments of the Treasury, Labor, and Health and Human Services recently released a proposed rule to expand the use of health reimbursement arrangements (HRAs) and other account-based group health plans.
New guidance issued by the Massachusetts Department of Revenue requires Massachusetts employers with six or more employees to file an annual health insurance responsibility disclosure (HIRD) form.
On November 1, 2018, the Internal Revenue Service (IRS) announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2019 tax year.
As 2018 draws to a close, employers are looking to the next wave of labor and employment laws and regulations that will take effect in 2019 and beyond.
