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Category: DOL
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New Year, New Penalties | PA Benefit Advisors
Department of Labor Publishes Updated Penalties for OSHA Violations On January 2, 2018, the U.S. Department of Labor (DOL) published updated, inflation-adjusted penalties for violations of various laws regulated by the DOL and its internal components or divisions, including the Occupational Health and Safety Administration (OSHA). The DOL is required to adjust the level of…
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IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | PA Benefit Advisors
On December 22, 2017, the IRS released Notice 2018-06 to extend the due date for employers to furnish 2017 Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2017 form to individuals. The due dates for filing forms with the…
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Breaking News: Costly Overtime Rule Struck Down | PA Benefit Advisors
On August 31, 2017, Federal District Court Judge Amos Mazzant overturned the Fair Labor Standards Act (FLSA) Final Overtime Rule that would have doubled the annual salary level to qualify for exemption from overtime from $23,660 to $47,476. The same judge issued an injunction stopping implementation of the final rule nine months ago, and the…
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DOL Guidance for Benefit Plans Impacted by Hurricane Harvey | PA Benefit Advisors
The U.S. Department of Labor has issued compliance guidance for benefit plans, employers and employees, and service providers who are impacted by Hurricane Harvey. The guidance generally provides relief from various ERISA requirements and time limits for entities in the disaster area. This follows the Internal Revenue Service (IRS) announcement extending certain filing dates, including…
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Court Orders the EEOC to Reconsider Its Wellness Program Rules | PA Benefit Advisors
On August 22, 2017, in AARP v EEOC, a federal court found that regulations allowing employers to offer large incentives under workplace wellness programs were arbitrary. The court did not vacate (nullify) the rules due to concerns about disrupting employers’ existing programs. Instead the court has ordered the responsible agency, the Equal Employment Opportunity Commission…
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July 2017 Compliance News | PA Benefit Advisors
Health Reform Update After many months of working on possibly repealing and replacing the Patient Protection and Affordable Care Act (ACA), it looks like Congress might be ready to throw in the towel for the time being. A revised plan to change parts of the ACA and restructure Medicaid alienated both very conservative Republicans and…
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Employer Exchange Notices–No Changes Needed | PA Benefit Advisors
Employers are required to give all new hires a Notice of Marketplace Coverage Options – often referred to as the Employer Exchange Notice. The U.S. Department of Labor (DOL) provides model notices that employers can download, customize, and distribute to workers. Although the model notices were scheduled to expire May 31, 2017, the DOL has…
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DOL Fiduciary Rule Takes Effect June 9 | PA Benefit Advisors
In an editorial in the Wall Street Journal yesterday, Department of Labor Secretary Alexander Acosta stated that the DOL’s fiduciary rule will become effective June 9, 2017. “We have carefully considered the record in this case, and the requirements of the Administrative Procedure Act, and have found no principled legal basis to change the June…
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The DOL’s Final Overtime Rule Saga Continues | PA Benefit Advisors
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The change in the regulations that would increase the salary threshold for overtime exemption that was all over the news for the last several months may now be decided by the end of June. The Fifth Circuit Court of Appeals has granted the U.S. Department of Labor (DOL) another 60-day extension of time to file…
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Department of Labor Delays Enforcement of the Fiduciary Duty Rule | PA Benefit Advisors
On April 4, 2017, the Department of Labor (DOL) announced that the applicability date for the final fiduciary rule will be extended, and published its final rule extending the applicability date in the Federal Register on April 7. This extension is pursuant to President Trump’s February 3, 2017 presidential memorandum directing the DOL to further…
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