Compliance

The ACA’s waivers for small businesses are ending in 2017, so it’s time for companies to look more closely at their benefit programs, according to adviser Sue Wakamoto-Lee.

Some insiders at big brokerage firms encouraged the DOL to maintain progress during the rule’s development, which Assistant Secretary of Labor Phyllis Borzi says “kept us going.”

Changes will be more substantial than previous updates, said Phyllis Borzi, assistant secretary of labor for the Employee Benefits Security Administration, speaking this week during the IFEBP’s Washington Legislative Update.

Exclusions or limitations for all healthcare services related to gender transition are specifically characterized as discrimination under the new HHS rules.

The new rules were developed in consultation with the SEC, the Labor secretary adds.

Companies need to evaluate whether they will either raise salaries to maintain an exempt status, or begin paying overtime when the employee works more than 40 hours in a single week.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

Employers can ensure their summer workforce plans are compliant by asking their benefit advisers for help, according to ADP’s Aldor Delp.

Benefit advisers can play a critical role in ensuring summer hiring compliance by communicating proper rules and classifications to employers, says ADP’s Aldor Delp.