New York State is the first state ever to mandate paid prenatal leave entitlement. Beginning January 1, 2025, New York State employers will be required to provide up to 20 hours of paid leave in a 52-week period for pregnant employees to attend prenatal medical appointments and procedures. The leave is in addition to employees’ existing […]
The New York State Department of Financial Services has announced changes to the employee contribution rate and benefit amounts under the New York Paid Family Leave Law (“NY PFL”) for 2025. Effective January 1, 2025, the contribution rate will be 0.388% of an employee’s gross wages per pay period, for a maximum annual contribution of […]
The “SECURE Act 2.0” was signed into law by President Biden and is effective immediately. The new legislation includes almost 100 different changes that are linked to retirement plans. Following is a brief summary of some of the changes that may affect your company’s retirement plans. Effective Immediately Child Birth/Adoption Expenses. The optional repayment period […]
On December 13, 2022, President Biden signed the Respect for Marriage Act. The act specifically repeals the federal Defense of Marriage Act from the 1990s and prohibits states from denying “full faith and credit” to any marriage between two individuals based on sex, race, ethnicity, or national origin. The act includes a section stating that it […]
Governor Kathy Hochul signed a bill that expands New York State’s Paid Family Leave legislation to allow caring for siblings. Paid Family Leave has been in effect since 2018 and is employee-paid insurance that provides paid time off to care for a newborn, bond with adopted or foster children, care for a family member with […]
On September 28, 2020, New York City Mayor Bill de Blasio signed a bill into law significantly amending the New York City Earned Safe and Sick Time Act (“NYC ESSTA”). The new law was enacted to better align with New York State’s new paid sick leave law (“NYS Paid Sick Leave Law”) and make the […]
As part of the New York State Enacted Budget for fiscal year 2020, Governor Andrew Cuomo announced that new legislation has been established that mandates three hours of paid time off for all New York employees to vote on Election Day. Effective immediately, the New York Election Law § 3-110 provides, as follows: A registered […]
As you are aware, effective January 1, 2018 New York State enacted New York Paid Family Leave (PFL). As part of the implementation, PFL benefits are phased in over a four-year period. 2019 will mark year two of the implementation and PFL benefits will be significantly enhanced. Beginning January 1, 2019, the number of weeks […]
Submitted by Ali Law Group PC on August 28, 2018 Recently, employer Abbott Labs announced the introduction of a proposed program which would amend its defined contribution plan to include a student loan benefit for its employees. The program would allow for employer-provided student loan repayment benefits offered through Abbott Labs’ 401(k) plan. On Friday, August […]
Submitted by Ali Law Group PC on August 5, 2018 On August 1, 2018, the Departments of Health and Human Services, Labor, and Treasury issued a final rule which expands access to short-term, limited-duration insurance coverage. The rule extends short-term health insurance plans from three months to one year, with renewal options to extend coverage to […]
Submitted by Ali Law Group PC on May 22, 2018 The Affordable Care Act (ACA) imposes a fee on health insurers and plan sponsors of self-insured group health plans to help fund the Patient-Centered Outcomes Research Institute (PCORI). Specifically, the PCORI fee assists in funding research that evaluates and compares health outcomes, clinical effectiveness, and […]
Submitted by Ali Law Group PC on April 7, 2018 On April 5, 2018, the IRS announced the potential expansion of the scope of the determination letter program for individually designed plans during the 2019 calendar year. In Notice 2018-24, the IRS requested comments on specific types of plans for which the Treasury Department and […]
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