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Documents on Employee Benefits
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|Employee Equity Purchase Programs: Ensuring a Great Idea Remains a Good Idea|
Bret Busacker; Holland Hart LLP;
September 23, 2014, previously published on September 9, 2014With the return of some prosperity in the economy, we have seen an uptick in employers granting or selling equity (stock or partnership interests) in their businesses to their employees. In some cases, these grants are part of a broad-based employee stock purchase program. In other cases, employers...
|State Controller Rolls Out an Open Data Website on Local Government Finances|
Gary William Schons; Best Best & Krieger LLP;
September 23, 2014, previously published on September 15, 2014In a major move to enhance government transparency, State Controller John Chiang rolled out a new open data website last week that lists more than 13 million fields of financial data for cities and counties. The site, ByTheNumbers.sco.ca.gov, allows any person visiting the site to track revenues,...
|New Pension and Benefits Obligations for Employers Arriving in Fall 2014|
James Fu; Borden Ladner Gervais LLP;
September 23, 2014, previously published on September 19, 2014Companies with employees in Ontario, particularly companies that sponsor or administer employee benefit plans, including extended health plans and pension plans, will be affected by the passage of Bill 21, the Employment Standards Amendment Act (Leaves to Help Families), 2014.
|U.S. Department of Labor Proposes Pay Transparency Rule for Employees of Federal Contractors|
Duane Morris LLP;
September 22, 2014, previously published on September 19, 2014On September 17, 2014, the U.S. Department of Labor Office of Federal Contract Compliance Programs (OFCCP) published a Notice of Proposed Rulemaking in the Federal Register to implement Executive Order 13665, which was signed by President Obama on April 8, 2014. Generally, the proposed rule would...
|California Employers May Get Ill Over California’s New Mandatory Paid Sick Leave Law|
Brandon T. Willenberg; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
September 19, 2014, previously published on September 17, 2014The collective sobbing you may have recently heard from the west coast of the United States was that of California employers in response to Governor Jerry Brown’s September 10, 2014 signing of AB 1522 - California’s new paid sick leave law called the Healthy Workplaces, Healthy Families...
|Employment Law Summer Recap 2014: Part 4 of 11 - Chris Pratt and Unexpected Surprises in Hollywood and the World of California Employment Law|
Michael S. Arnold; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
September 19, 2014, previously published on September 18, 2014This summer, those (31?) of us who watched Chris Pratt steal scene after scene in Parks & Recreation saw him ripen into the star we always hoped he’d become. First he charmed audiences as the voice of Emmett in the Lego Movie (you know, the one that easily broke the record for most...
|Daddy Dearest?: Some Considerations Concerning Paid Parental Leave for Fathers in the United States|
Robert Sheridan; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
September 19, 2014, previously published on September 18, 2014Recently I had a conversation with my father about his options for parental leave when I was born (1979). As a new father myself, I was curious what leave options were open to baby-boomer Dads. My father told me that it was fairly standard to take a day or two off after the birth of a child and to...
|Sign o’ the Times - When Paternity Leave Gets Politicised|
Duncan A. W. Abate, Anita W. C. Lam, Hong Tran; Mayer Brown JSM;
September 19, 2014, previously published on September 12, 2014Our update “A Spotlight on Fathers - the Arrival of Paternity Leave” in March 2014 referred to the imminent arrival of legislation to introduce three days’ paternity leave in Hong Kong. This proposal was greeted with unanimous acclaim and was considered to be a balanced, and...
|Group Personal Pensions - Consultation on Independent Governance Committees (IGCs)|
Elmer Doonan, Jay Doraisamy, Alan Jarvis, Andrew Patten; Dentons Canada LLP;
September 18, 2014, previously published on September 15, 2014An employer will set up a WPP with a Provider. The employer will agree basic requirements with the Provider, which usually include the investment funds that the Provider will make available to members, maximum scheme charges and administration services. The employer will then offer the WPP to its...
|How to Review a SIPP|
Lorraine Allard; McCarthy Tétrault LLP;
September 12, 2014, previously published on September 4, 2014A Statement of Investment Policies and Procedures (SIPP) is a legal document that is required by law to be developed and adopted for each registered pension plan. This is so regardless of the nature and degree of complexity of the plan. The SIPP must contain the prescribed information, must be...