Employee Benefits

INSIGHTS AND LEGAL UPDATES ABOUT PRIVATE SECTOR EMPLOYEE BENEFITS AND COMPENSATION PLANS.

Latest from Employee Benefits - Page 2

On April 8, 2021, Washington Governor Jay Inslee issued Proclamation 20-46.3, which modifies proclamations issued in 2020 that provide employment and benefit protections during the COVID-19 pandemic emergency for “high-risk employees.” (For purposes of the Proclamation, a “high-risk employee”
Continue Reading Washington Governor Inslee Modifies COVID-19 Proclamation Protections for High-Risk Employees

On April 14, 2021, the U.S. Department of Labor (DOL) released three-part guidance on cybersecurity issues for employee benefit plans, marking its first significant commentary on the issue since its comprehensive but nonbinding report in late 2016.
The DOL’s guidance
Continue Reading US Department of Labor Issues Highly Anticipated Cybersecurity Guidance for ERISA Plans

The multiemployer pension plan system is facing a funding crisis with over 100 plans projected to become insolvent in the next 10 to 20 years. This rate of plan insolvency was projected to cause the collapse of the Pension Benefit
Continue Reading Struggling Multiemployer Pension Plans Receive a Lifeline Under the American Rescue Plan Act of 2021