On October 18, 2023, the Maine Retirement Savings Board adopted a final rule implementing Maine’s state-run retirement savings program, the Maine Retirement Investment Trust or MERIT. MERIT is intended to help employees who do not have access to a retirement
Verrill Dana, LLP
Verrill Dana is a full service law firm with more than 130 attorneys and a growing number of service-based practice groups. The firm has a regional presence in the Northeast, with offices from Maine to Washington, D.C., allowing us to serve clients with interests across the country and around the world. Through scalable staffing, careful communication and skillful project management, Verrill Dana helps individuals and businesses achieve their goals in a manner that suits their unique legal needs and preferred work methods.
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Latest from Verrill Dana, LLP - Page 6
The Department of Labor Proposes Its New Fiduciary Rule
On October 31, 2023, the Department of Labor published a new proposed regulation (the “Proposed Rule”) defining “investment advice” for purposes of determining when someone advising an ERISA plan or participant or an IRA owner is a fiduciary.…
HR Power Hour with Robert Brooks and Elizabeth Johnston
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Robert Brooks and Elizabeth Johnston. This episode discusses the top four NLRB actions of 2023 that employers should be mindful of and steps…
Maine Captive Audience Statute Requirements
For employers operating in New England, they are likely aware of Connecticut and New York’s recent captive audience statutes, but a quick re-cap on Maine’s recently enacted Captive Audience statute: Maine’s Captive Audience statute went into effect in September 2023,…
HR Power Hour with Jeremy Vesta
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Jeremy Vesta. This episode addresses the hidden costs of insurance and how employers can commit to helping their employees understand their health conditions, embrace…
Retiree Medical Coverage: Just Get the COBRA Waiver
The interaction between employer-provided retiree medical coverage and COBRA[1] is complex. Many employers incorrectly assume they do not have to offer COBRA at retirement if they offer a retiree medical plan or a retiree health reimbursement arrangement (HRA), but…
HR Power Hour with Fernanda Anzek
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Fernanda Anzek. This episode discusses the effect “Quiet Cutting” has on DEI programs. Fernanda is Managing Director, HR Operations for Insperity where she leads…
Catch-Up Contributions: IRS Provides Relief from Roth Requirements of SECURE 2.0
On August 25, 2023, the IRS issued IRS Notice 2023-62, providing much needed relief for employers who have been struggling to implement Section 603 of the SECURE 2.0 Act of 2022 (“SECURE 2.0”), which requires high income employees to…
DOL Continues Enforcement of Non-Quantitative Treatment Limitation Requirements
HR Power Hour with Heather Hansen
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Heather Hansen. This episode discusses how accent bias effects how individuals process information and make decisions, both in the work environment and in life…