May 2024 Employer Regulatory and Legislative Update | CBIZ

May 2024 Employer Regulatory and Legislative Update | CBIZ, Inc.

This regulatory and legislative update covers issues involving the final rule regarding investment advice, the Pregnant Workers Fairness Act, the salary threshold for overtime exemptions under FLSA and more.

Fiduciary Investment Advice Final Rule Issued | Learn More

The Department of Labor (DOL) issued its final rule related to investment advice.

Ready, Set PWFA | Learn More

On April 19, 2024, the U.S. Equal Employment Opportunity Commission (EEOC) issued its final rule to implement the Pregnant Workers Fairness Act (PWFA).

DOL Issues Final Rule Regarding Salary Under the FLSA | Learn More

On April 23, the U.S. Department of Labor (DOL) issued its final rule regarding the salary threshold for overtime exemptions under the Fair Labor Standards Act (FLSA).

Medicare Part D Modifications - Creditable Coverage Impact | Learn More

As you may recall, the Inflation Reduction Act of 2022 (IRA) changed the Medicare Part D program (prescription drug benefit program). Highlights are described below.

Section 1557 Final Rule | Learn More

On April 26, 2024, the Department of Health and Human Services (HHS) Office of Civil Rights (OCR) and the Centers for Medicare and Medicaid (CMS) issued a final rule under Section 1557 of the Affordable Care Act (ACA).

Association Health Plans Back to the Future | Learn More

A 2018 rule that expanded the definition of association health plans (AHPs), has been rescinded. As a reminder, AHPs exist when two or more unrelated employers participate in a single plan.

Work-Life Referral Services FAQs Issued | Learn More

Recently issued IRS Fact Sheet 2024-13 provides guidance on the tax treatment of work-life referral (WLR) services provided by employers to employees under a work-life referral program.

Maryland’s Time to Care Act Delayed | Learn More

The Governor of Maryland has signed a law delaying the contribution and benefit dates of the paid family leave program.

Oregon Aligns its Family Leave Act with Paid Family Leave | Learn More

Oregon governor Tina Kotek signed a law amending Oregon’s Family Leave Act (OFLA) to reduce redundancies between OFLA and Paid Leave Oregon (PLO).

Paid Prenatal Leave in New York | Learn More

On April 20, 2024, Governor Hochul signed multiple pieces of legislation to implement the state’s 2025 budget which includes paid prenatal leave.

New York City’s Workers’ Bill of Rights | Learn More

New York City’s Department of Consumer and Worker Protection has released a multilingual and comprehensive guide to workers’ rights in the workplace in New York City.

May 2024 Employer Regulatory and Legislative Update | CBIZ, Inc.https://www.cbiz.com/Portals/0/BiReskinImages/Hero Images/hero_image_3.jpg?ver=2020-11-24-160620-267This regulatory and legislative update covers issues involving the final rule regarding investment advice, the Pregnant Workers Fairness Act, the salary threshold for overtime exemptions under FLSA and more.2024-05-03T17:00:00-05:00This regulatory and legislative update covers issues involving the final rule regarding investment advice, the Pregnant Workers Fairness Act, the salary threshold for overtime exemptions under FLSA and more.Regulatory, Compliance, & LegislativeEmployee Benefits ComplianceAccelerated RecoveryCOVID-19No