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|PPF Levy - Are You Paying More Than Your Fair Share?|
Elmer Doonan, Jay Doraisamy, Rebecca McKay; Dentons Canada LLP;
November 20, 2014, previously published on October 2014If you sponsor a defined benefit pension scheme, you will be well aware of the costs associated with funding the scheme and making sure all regulatory requirements are met. One of the costs (unless the scheme is not eligible for PPF protection) is the annual PPF levy. But is the PPF levy for your...
|Restrictive Covenant Enforcement: It’s About More Than Just Limits Of Time And Geography|
Paul C. Lantis; Obermayer Rebmann Maxwell & Hippel LLP;
November 20, 2014, previously published on November 10, 2014Employers spend substantial resources training employees to fit the goals of their organizations. Often times, this includes providing the employee access to confidential information, introducing the employee to key business contacts, or providing the employee with specialized instruction on how to...
|What You Need to Know about the New Massachusetts Earned Sick Time Law|
Adam M. Hamel; McLane, Graf, Raulerson & Middleton Professional Association;
November 18, 2014, previously published on November 5, 2014By a margin of almost 20%, Massachusetts voters have approved a measure permitting all workers to earn up to 40 hours of sick time each year. With this vote, Massachusetts has joined a small group of states (including Connecticut and California) and municipalities that allow for earned sick time...
|Department of Labor to Require Electronic Filing of Top Hat Plan Notices|
Pamela Baker, Michael R. Maryn, Martin J. Moderson; Dentons Canada LLP;
November 17, 2014The US Department of Labor (DOL) has proposed to require so-called "top hat plan notices" to be filed electronically instead of on paper. In so doing, the DOL would move the mechanics of this often-overlooked task into the 21st century. Unfortunately, the proposal does not address certain...
|Independent Contractors: The NLRB Refines its Standards|
Jimmy Byars, David Robinson; Nexsen Pruet, LLC;
November 17, 2014, previously published on November 6, 2014Whether an individual is classified as an independent contractor or an employee has significant legal implications, because most federal and state employment laws do not apply to independent contractors. Independent contractors often afford companies greater flexibility with their workforce,...
|Final Regulations Regarding Limited Scope Vision and Dental Benefits and Employee Assistance Programs as Excepted Benefits|
Dan Brown, Kenneth B. Schnoll; Dentons Canada LLP;
November 17, 2014, previously published on October 1, 2014On October 1, 2014, the US Department of Treasury issued final regulations (the "Regulations") regarding limited-scope vision and dental benefits and employee assistance programs as excepted benefits for purposes of the Affordable Care Act.
|Japanese Acquirer Resolves Pension-Related Liabilities of US Subsidiary|
Mark S. Chehi, Neil M. Leff, Ron E. Meisler, Regina Olshan, David C. Olstein; Skadden, Arps, Slate, Meagher & Flom LLP;
November 17, 2014, previously published on November 10, 2014On November 4, 2014, Asahi Tec Corporation (Asahi), a Japanese corporation that acquired U.S.-based Metaldyne Corporation (Metaldyne) in 2007, announced a settlement of its long-running dispute with the Pension Benefit Guaranty Corporation (PBGC) regarding the 2009 termination of Metaldyne’s...
|Paid Sick Leave Passes in Massachusetts|
Duane Morris LLP;
November 17, 2014, previously published on November 10, 2014On November 4, 2014, voters in Massachusetts passed a ballot initiative that entitles employees in Massachusetts to earn and use sick time. Massachusetts now joins Connecticut and California as the states with mandatory sick leave laws. The Massachusetts ballot measure, which will take effect on...
|President Obama Announces Extended Visas for China/US Travel|
Danielle Lifrieri; Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
November 17, 2014, previously published on November 11, 2014Arriving for the Asia-Pacific Economic Cooperation (APEC) summit on November 10, President Obama announced the conclusion of a reciprocal deal with China that will see both countries extend the length of the multiple-entry visitor visas available to citizens visiting the other country.
|Social Security Benefits to Inch Up 1.7 Percent in 2015|
Leah Mitchell McElmoyl; Chambliss, Bahner & Stophel, P.C.;
November 15, 2014, previously published on Fall 2014The nation's elderly and disabled Social Security recipients will receive a 1.7 percent increase in payments in 2015. This is expected to raise the average monthly payment for the typical retired worker by $22. The increase is slightly higher than last year’s 1.5 percent cost-of-living...