Employment Archives | Page 36 of 105 | EMPLOYEE BENEFITS BLOG

Live Webinar: Tax Reform and Your Employee Benefit Plans

by Anthony A. Bongiorno and McDermott Will & Schulte | Jan 30, 2018 | Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Health and Welfare Plans

The Tax Cuts and Jobs Act of 2017 was signed into law last year. From biking benefits to leave tax credits, we’ll discuss the employee benefit provisions and strategies for compliance, as well as opportunities your company won’t want to miss! Join the McDermott team on Friday, February 2 for a discussion of how the new law impacts fringe benefit plans, executive compensation and retirement plans.

Friday, February 2, 2018
10:00 – 10:45 am PST
11:00 – 11:45 am MST
12:00 – 12:45 pm CST
1:00 – 1:45 pm EST

Register Here.

UK Employment Alert | What to Expect in UK Employment Law in 2018: GDPR, Brexit Negotiations and More

by Anthony A. Bongiorno, Katie Clark and Paul McGrath | Jan 11, 2018 | Employment, Privacy and Data Security

Whilst 2017 was anticipated to be a fairly static year for UK employment law, that did not in fact prove to be the case, and there were various notable developments. To a large degree, 2018 is likely to be defined by the ongoing Brexit negotiations and the passage of the EU Withdrawal Bill, which will, amongst other things, lay the framework for the future movement of EU workers to the United Kingdom. Employers should, however, be aware of some additional key developments on the horizon.

To Scan or Not to Scan: Surge in Lawsuits under Illinois Biometrics Law

by Lynette Ryan Arce, Michael G. Morgan and Mark E. Schreiber | Jan 9, 2018 | Employment, Privacy and Data Security

The Illinois Biometric Information Privacy Act is having its moment. At least 32 class action lawsuits have been filed by Illinois residents in state court in the past two months challenging the collection, use and storage of biometric data by companies in the state. This may cause a reassessment of company strategies and development of new defenses in the use of advancing biometric technology.

Fridays with Benefits | Improving Your Fiduciary Practices in 2018

by McDermott Will & Emery | Jan 2, 2018 | Employee Benefits, Employment, Fiduciary and Investment Issues, Health and Welfare Plans, Retirement Plans

Make a New Year’s resolution to improve the fiduciary governance practices for your employee benefit plans. Join McDermott lawyers Brian Tiemann and Finn Pressly for a refresher course on your fiduciary duties, an overview of common pitfalls and best practice tips to keep your plan administration on track in 2018. We will also provide an update on the Department of Labor’s expansion of the fiduciary rule and what the latest extension of the special transition period means for plan sponsors and service providers.

Register here.

Date: Friday, January 5, 2017

Time: 10:00 – 10:45 am PST

11:00 – 11:45 am MST

12:00 – 12:45 pm CST

1:00 – 1:45 pm EST

Mark your calendars for the first Friday of every month! McDermott’s Employee Benefits Group will be delivering timely topics in our “Fridays With Benefits” monthly webinar series.

He Said/She Said: Pronoun Use and the Evolving Landscape of Transgender Rights in the Workplace

by Alison L. Nadel | Dec 14, 2017 | Employment, Labor

The rights of transgender individuals have become a more prominent civil rights issue in recent years, and employers should be aware of how laws in this area impact their employment policies and treatment of transgender employees.

UK Employment Alert | The Uber Saga Continues – “Worker” Status in the Gig Economy

by Anthony A. Bongiorno, Katie Clark and Paul McGrath | Nov 30, 2017 | Benefit Controversies, Employment, Labor

The UK Employment Appeal Tribunal has upheld the Employment Tribunal’s finding that Uber drivers are “workers”. It rejected Uber’s argument that Uber is simply a technology platform acting as an agent to connect self-employed Uber drivers with users of the ride-hailing app.

What Is the Issue?

The United Kingdom recognises three categories of employment status: employees, workers and self-employed contractors, each with varying levels of protection under employment law. Employees and workers are afforded greater protection than self-employed contractors, with employees having the full suite of UK employment rights. Workers are entitled to core rights such as statutory holidays, sick pay and breaks, and national minimum wage.

Continue Reading.

Fridays with Benefits — ACA: Reporting Boot Camp and Enforcement Update

by McDermott Will & Emery | Nov 20, 2017 | Employee Benefits, Employment, Health and Welfare Plans

After spending a year on the brink of repeal, the Affordable Care Act is alive and well. ACA reporting is just around the corner, so join McDermott partners Judith Wethall and Finn Pressly for a refresher course on everything you need to know about the Forms 1094-C and 1095-C. The 45-minute conversation will also include up-to-the-minute updates on the government’s ACA enforcement activity, including a review of the IRS’s procedures for appealing employer mandate penalty assessments.

Register Here

Date
Friday December 1, 2017

Time
12:00 pm – 12:45 pm CDT
1:00 pm – 1:45 pm EDT

Mark your calendars for the first Friday of every month! McDermott’s Employee Benefits Group will be delivering timely topics in our “Fridays With Benefits” monthly webinar series.

Senate Finance Committee Modifies Executive Compensation Provisions in New Modified Mark of Tax Reform Bill

by McDermott Will & Emery and Andrew Liazos | Nov 17, 2017 | Employee Benefits, Employment, Executive Compensation

On Tuesday night, Senate Finance Committee Chairman Orrin Hatch (R-UT) released a new modified mark of the Senate version of the Tax Cuts and Jobs Act that modifies provisions related to Internal Revenue Code (Code) Sections 409A and 162(m).

The Chairman’s modification adds a transition rule for the elimination of employer deductions for payments over $1 million to certain executives under Code Section 162(m). The transition rule provides that elimination of the employer deduction does not apply to payments under a written and binding contract in effect on November 2, 2017, provided that the contract was not materially modified after that date.

In addition, the Chairman’s modification eliminates the provision that would have replaced Code Section 409A with a new Section 409B, which would have required payments under non-qualified deferred compensation plans to be taxed when they vested. Currently, Section 409A allows employees to defer taxation on such fully-vested payments, provided they meet other requirements under Section 409A. The proposed replacement of 409A with 409B would have had significant tax implications for those employees with non-qualified deferred compensation plans.

Continue Reading.

Tax Breaks in the New Hurricane Legislation for Employers and Taxpayers

by Diane Morgenthaler and Ruth Wimer | Nov 14, 2017 | Employee Benefits, Employment

The Disaster Tax Relief and Airport and Airway Extension Act of 2017 provides a new favorable tax credit for eligible employers affected by recent hurricanes, as well as expanded charitable deductions and tax credits for certain taxpayers. Continue Reading.

House Tax Bill Would Gut Deferred Compensation Plans and Curtail Executive Pay Deductions

by Andrew Liazos and William R. Pomierski | Nov 7, 2017 | Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Executive Compensation, Health and Welfare Plans

The US House of Representatives Committee on Ways and Means proposed Tax Cuts and Jobs Act intends to reduce corporate and individual tax rates. To pay for the proposed changes, the House Tax Bill would, if enacted, negatively impact long-standing current executive compensation practices.

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