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IRS Announces Retirement Plan Limits for 2018

401(k) Contribution Limit Increases to $18,500 The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. Highlights include: The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), and most 457 plans is increased from $18,000 to $18,500. The catch-up contribution limit for those aged […]

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California Passes New Parent Leave Act

Law Effective January 1, 2018 California has enacted the New Parent Leave Act. Highlights of the law are presented below. Coverage The law generally applies to employers with 20 or more employees. The law covers employees with more than 12 months of service with their employers, who have at least 1,250 hours of service with their employers during the previous 12-month […]

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California Enacts Salary History Prohibition Law

New Law Effective January 1, 2018 California has enacted a law that generally prohibits employers from relying on an applicant’s salary history. Further details are presented below. Salary History Prohibition and Additional Rules An employer is prohibited from relying on the salary history information of an applicant as a factor in determining whether to offer employment to […]

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IRS Releases 2017 Form for Tip Reporting

Form Used by Large Food or Beverage Establishments The IRS recently released its 2017 Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips. Form 8027 generally must be filed by employers who operate large food or beverage establishments. A large food or beverage establishment is a food or beverage operation: That is located in the […]

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Administration Eliminates Cost-Sharing Reduction Payments

Cuts to Take Effect Immediately The Trump administration announced yesterday that it will no longer make cost-sharing reduction (CSR) payments to insurance companies under the Affordable Care Act (ACA). According to a statement issued by the U.S. Department of Health and Human Services (HHS), the agency’s decision to discontinue these payments immediately follows a legal review by HHS, the […]

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California Law Modifies Employers’ Immigration Responsibilities

Law Effective January 1, 2018 A new law modifies California employers’ immigration responsibilities. An outline of the new requirements is presented below. Notice of Inspection An employer generally must provide a notice to each current employee of any inspections of federal Forms I-9 or other employment records conducted by an immigration agency within 72 hours of receiving notice of the inspection. Such notice […]

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New Executive Order Calls for Expanding Access to Association Health Plans

ACA Requirements Remain In Effect Pending Further Guidance or Legislation President Trump has signed an executive order calling upon the U.S. Department of Labor (DOL) to consider, among other things, expanding access to Association Health Plans, which could potentially allow employers to form groups across state lines. Until further guidance is issued or legislation is signed, […]

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California Releases 2018 Overtime Exemption Rates for Certain Computer Software Employees and Certain Licensed Physicians and Surgeons

New Rates Effective January 1, 2018 California has released the 2018 overtime exemption rates for certain computer software employees and certain licensed physicians and surgeons. Exemption Rates Effective January 1, 2018, an exemption from state overtime requirements applies to certain computer software employees whose compensation is at least $43.58 per hour, or, if paid on a salaried basis, at least $90,790.07 annually for full-time […]

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H1-B Premium Processing Resumed

Premium Processing Available for all Types of H-1B Petitions U.S. Citizenship and Immigration Services (USCIS) has resumed premium processing for all H-1B visa extension of stay petitions. Premium processing is now available for all types of H-1B petitions. Background H-1B visas provide skilled workers for specialty occupations, including information technology, engineering, and mathematics. When a petitioner […]

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DOL Proposes 90-Day Delay of New Disability Benefit Claims Procedures

If Finalized, New Rules Would Apply to Disability Claims Filed After April 1, 2018 The U.S. Department of Labor (DOL) has proposed a 90-day delay of the applicability of a final rule requiring employee benefit plans offering disability benefits to provide additional procedural protections for disability benefit claims. If the proposal is finalized, the new disability benefit claims […]

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