The Puerto Rico Department of the Treasury recently issued Internal Revenue Circular Letter No. 23-01 (CL IR 23-01) announcing the applicable 2023 limits for Puerto Rico qualified retirement plans.
We’re just a few weeks into the new year, so now is an ideal time to brush up on the more notable changes to paid family and medical leave standards across the country that took effect on January 1 or will occur later in 2023.
Lawsuits against employers offering retirement benefit plans have been on the rise. Recent suits, discussed in this update, have provided some guidance for employers.
As part of the omnibus spending bill passed in a frenzy before the holiday break, Congress included the Securing a Strong Retirement Act of 2022. This law contains several changes that will have a profound impact on the rules governing retirement plans.
The First Circuit recently ruled that an insurer owes a fiduciary duty to all employees enrolling in group benefit plans to verify eligibility for coverage at or near the time of enrollment under ERISA.
A new rule clarifies how and when fiduciaries of retirement plans subject to ERISA can make investment decisions that promote environmental, social, or governance (ESG) goals or otherwise reflect ESG considerations.
For nearly two decades, Nevada has utilized a unique two-tier minimum wage system that permitted employers that offered qualified health benefits to employees to pay $1.00 less per hour than employers that did not offer such benefits to their employees.
