Certain employers might prefer to avoid hiring nicotine users: smokers, dippers and vapers alike. U-Haul International Inc. is doing so, with a policy that went into effect on February 1. Thus, this is an opportune moment to examine why employers
Employee Benefits Blog
Insights on Employee Benefits and Executive Compensation
The Employee Benefits Blog, published by McDermott Will & Emery, focuses on legal developments and practical issues related to employee benefits and executive compensation. It covers topics such as regulatory compliance, tax implications, workplace health and safety, employee health benefits, and the impact of employment law decisions on benefit plans. The blog also addresses emerging trends like remote work arrangements, privacy concerns related to health data, and protections for LGBTQ employees under employment discrimination laws. It provides updates on government regulations, IRS guidance, and court rulings affecting employee benefit programs and employer obligations.
Latest from Employee Benefits Blog - Page 6
Brexit Update: Effects on Employment
By Katie Clark & Paul McGrath
The United Kingdom is no longer a member of the European Union and has entered into a transition period until December 31 2020, unless an extension of 1 or 2 years is agreed by July 1 2020 (the Brexit Long…
Mechanics of DB Plan QDROs Differ from Those for DC Plans
By Lisa Loesel
There are requirements for a qualified domestic relations order (QDRO) that apply whether the QDRO is for splitting up defined contribution (DC) plan assets or defined benefit (DB) plan assets, notes McDermott’s Lisa K. Loesel.
However, the mechanics of…
The 10 Most Significant Matters CEOs Should Know About Their Employment Contracts
The most significant issues in any employment or severance agreement are going to be personal to that situation, and will be driven in part by special issues and circumstances. For instance, succession planning issues may be incredibly important to the…
IRS Aims to Curb Workaround of Limit on Executive Pay Tax Break
Public companies would have a harder time evading a stricter limit on deductions for compensation paid to top executives under an IRS proposal. The proposed regulations (REG-122180-18) implement a 2017 tax law provision that expanded the scope of…
ERISA Cases to Watch in 2020: All Eyes on the High Court
2020 is shaping up to be a banner year for benefits law, with three ERISA cases already on the US Supreme Court’s docket and a number of other high-profile lawsuits at the circuit court level that could attract the justices’…
Addressing Employees’ Student Loan Debt in 2020
Student loan debt skyrocketed in the past decade, topping $1.5 trillion among millions of Americans. The crisis has prompted US employers to address it in their benefits programs.
McDermott’s Jeffrey M. Holdvogt contributes to a Plan Sponsor article that provides…
Exec Comp Regs Crack Down on Partnership Arrangements
Corporations looking to use partnerships to avoid the executive compensation deduction limitation may be out of luck. The new proposed regs (REG-122180-18) on the section 162(m) executive compensation deduction limitation include a rule on compensation paid by a partnership to…
The Biggest ERISA Decisions of 2019
In a relatively slow year for benefits rulings, multimillion-dollar settlements were the star of the show. And amid the slew of settlements this year, two court rulings stood out.
McDermott’s Richard J. Pearl contributes to a Law360 article that breaks…
Finally SECURE: Opportunities in the 2019 SECURE Act for Plan Sponsors
The SECURE Act—the most significant piece of retirement plan legislation in more than a decade—is now law. Plan sponsors should immediately start considering how changes included in the SECURE Act could impact their retirement and health and welfare plans in…