Compliance

The DOL and IRS announced a proposal to implement significant changes to forms and regulations that govern annual employee benefit plan reporting.

On Aug. 1, 2016, Massachusetts became the first state to bar employers from asking job applicants about their salary history before making a formal job offer that includes compensation.

The measure’s provisions have become most controversial and are being challenged in a Texas lawsuit brought by eight employer groups.

The measure’s provisions have become most controversial and are being challenged in a Texas lawsuit brought by eight employer groups.

Many employers and advisers do not think about this law when it comes to such compensation, says attorney Casey K. Fleming.

The DOL and IRS announced a proposal to implement significant changes to forms and regulations that govern annual employee benefit plan reporting.

Compliance, creativity, clarification and confusion reign in employee benefits, says Eric T. Helman, chief strategy officer at Hodges-Mace.

Generally speaking, many employers do not think about ERISA when it comes to severance, whether at the front end, when employment agreements or policies are negotiated and planned, or at the back end, when termination occurs and the severance is paid.

Many employers will be subject to the change for incidences that take place in 2016, says United Benefit Advisors’ Nancy Bourque.

The new penalties for the Employee Retirement Income Security Act are set to climb next month.