Searching Content indexed under Employee Benefits & Compensation by Proskauer's Labor & Employment Practice Group ordered by Published Date Descending.
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Deadline Looming For Comments On SEC Proposed Rules On CEO Pay Ratio Disclosure
The Securities and Exchange Commission (SEC) recently released its proposed rules to amend Item 402 of Regulation S-K to implement the pay ratio disclosure requirement in accordance with Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
United States
5 Nov 2013
Rhode Island Laws Extend Paid Benefits To Caregivers
The Governor of Rhode Island recently signed a new bill into law which will expand the state's temporary disability insurance program to provide wage replacement benefits to workers who take time off to care for a seriously ill family member.
United States
7 Aug 2013
New Jersey Department Of Labor Proposes Rules To Implement New Pay Equality Poster And Notice Requirements
On September 19, 2012, New Jersey Governor Chris Christie signed a law requiring employers in the State of New Jersey with more than 50 employees to post and distribute notification to employees detailing "the right to be free of gender inequity or bias in pay, compensation, benefits or other terms or conditions of employment" under the New Jersey Law Against Discrimination, Title VII of the Civil Rights Act of 1964, and the Equal Pay Act of 1963.
United States
14 Jan 2013
IRS Clarifies Previous Guidance On Form W-2 Informational Reporting Requirement
On January 3, 2012, the Internal Revenue Service ("IRS") released Notice 2012-9, which restates and clarifies its prior guidance on the requirement under the Affordable Care Act to report the cost of employer-sponsored health coverage on employees' annual Forms W-2 (using box 12, code DD).
United States
17 Jan 2012
FASB Approves Changes To GAAP, Enhancing Disclosures Of Participation In Multiemployer Defined Benefit Pension Plans
The Financial Accounting Standards Board (the "FASB") announced July 27, 2011 the approval of a revised accounting standard enhancing disclosures in financial statements regarding employers' participation in multiemployer defined benefit plans.
United States
4 Aug 2011
Departing From Prior Practice, DOJ Declines To Defend Section 3 Of The Defense Of Marriage Act
On February 23, 2011, the Department of Justice (DOJ), at the direction of President Obama, announced that it will no longer defend the constitutionality of Section 3 of the Defense of Marriage Act (DOMA), including in two cases pending before two United States district courts.
United States
22 Mar 2011
Financial Services Remuneration in the UK
In December, the FSA published its final version of its Remuneration Code (the Code). The Code now incorporates requirements contained in the latest version of the Capital Requirements Directive (CRD3) – European legislation which, amongst other things, deals with remuneration in the financial services industry.
23 Feb 2011
International HR Best Practices Tip of the Month (January 2011)
With the explosive growth of the Chinese economy, many companies are opening offices in China.
21 Feb 2011
New York’s Domestic Workers’ Bill of Rights Takes Effect
On November 29, 2010, New York’s Domestic Workers' Bill of Rights law becomes effective. Signed into law on August 31, 2010, by Governor David Patterson, this legislation affords substantive labor protections to certain categories of domestic workers, making New York the first state in the nation to do so.
United States
22 Nov 2010
U.S. Department of Labor Issues Final Regulation on Fiduciary Requirements for Participant Disclosure in Participant-Directed Individual Account Plans & A Final Amendment to the Regulation under ERISA Section 404(c)
On October 14, 2010, the U.S. Department of Labor ("DOL") issued a final regulation under the Employee Retirement Income Security Act of 1974 ("ERISA") setting forth the fiduciary requirements for disclosure in participant-directed individual account plans, e.g., 401(k) plans.
United States
2 Nov 2010
Important News for Federal Contractors
A new interim rule has been issued requiring federal contractors to disclose the compensation of their five most highly compensated executives and any first-tier subcontract awards of $25,000 or more.
United States
10 Aug 2010
Bonuses And The FMLA: What Should Employers Do? (Tip Of The Month)
As the year draws to a close, many employers will consider awarding employees with bonus payments either for performance, attendance, and/or safety records.
United States
24 Dec 2008
New Jersey Issues Paid Family Leave Notice To Be Posted And Distributed To All Employees By December 15th
Payroll deductions for New Jersey's Paid Family Leave Law will commence on January 1, 2009, and benefits under the law will commence on July 1, 2009.
United States
25 Nov 2008
Ninth Circuit Concludes That San Francisco’s “Pay Or Play” Ordinance Is Not Preempted By ERISA
On September 30, 2008, in "Golden Gate Restaurant Ass’n v. City of San Francisco", __ F.3d __, 2008 WL 4401387 (9th Cir. Sept. 30, 2008), the appeals court for the federal circuit that includes California, the Ninth Circuit, held that the San Francisco Health Care Security Ordinance (“Ordinance”) was "not" preempted by the Employee Retirement Income Security Act of 1974 (“ERISA”).
United States
22 Oct 2008
Monitoring Securities Lending Programs In Today’s Market Environment
The recent instability, and extreme volatility, experienced by the financial markets during these past few weeks has been of some concern to our clients who are fiduciaries and investment advisors of private employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) — as well as to public employee benefit plans, foundations, mutual funds, insurance companies and other institutional owners of securities — which loan their securities.
United States
30 Sep 2008
IRS Issues Final Rules For Employer Comparable Contributions To Health Savings Accounts Under 4980G
On April 17, 2008, the Treasury Department issued final regulations on employer comparable contributions to employees’ Health Savings Accounts (HSAs) under Section 4980G of the Internal Revenue Code of 1986, as amended (the “Code”), in instances where employees have not established the HSAs by December 31st and where an employer accelerates contributions for the calendar year for employees who have incurred qualified medical expenses.
United States
28 Apr 2008
New Jersey Legislature Passes Law Providing Six Weeks Paid Leave For Employees To Care For Newborns, Newly Adopted Children Or Seriously Ill Family Members
Despite strong opposition from employers, it appears that New Jersey is about to become just the third state in the nation to provide paid family leave for workers to care for newborns, newly adopted children, or seriously ill family members.
United States
10 Apr 2008
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