Important Upcoming Registration Deadline: California employers with more than 100 employees are required to register (or certify as exempt) with the CalSavers Retirement Savings Program (CalSavers) by September 30, 2020 (the original deadline of June 30, 2020 was extended due to the COVID-19 pandemic). The registration deadline for California employers with 100 employees or fewer will be phased-in over the next two years. California employers with 51 to 100 employees are required to register by June 30, 2021, and those with 5 to 50 employees are required to register by June 30, 2022. Businesses located in California may begin to receive notices from CalSavers to register or certify an exemption for the company. The link to the CalSavers’ website to register or to claim exemption is https://employer.calsavers.com.
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The CARES Act: What Employers Need to Know About Its Impact on the Families First Coronavirus Response Act
On March 27, 2020, President Trump signed the largest economic stimulus package in American history into law. Although the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) made several amendments to the Families First Coronavirus Response Act (“FFCRA”), the majority of the amendments were technical corrections that do not impact the substantive provisions of the FFCRA.
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Critical Employee Benefit Issues in a Pandemic – Can Employees Take Their Money out of Plans?
In the wake of the COVID-19 pandemic, reductions in hours, furloughs and temporary closures are becoming an increasingly common and unavoidable occurrence. Employers can expect to encounter questions with respect to employee benefits offered to affected employees. While the facts and circumstances of each case will vary, common themes exist, a few of which are mentioned below.
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