The Internal Revenue Service has recently announced cost-of-living adjusted limits for 2024. This article shows these limits for qualified retirement plans (including 401(k) plans), deferred compensation plans, and health and welfare plans. Davis Wright Tremaine:IRS Releases 2024 Cost-of-Living Adjusted Limits for Benefit Plans

Effective November 13, 2023, New York employers are required to provide employees, upon separation, with a revised notice of their right to file for unemployment benefits with the New York Department of Labor (NYDOL).  The NYDOL will soon issue a new Record of Employment form that employers can use to satisfy the notice requirements. Seyfarth:Revisions to New York Unemployment Notice To […]

Effective December 31, 2023, the new Chicago Paid Leave and Paid Sick and Safe Leave Ordinance will replace the current Chicago Paid Sick Leave Ordinance.  Under the new ordinance, employees will be entitled to 40 hours of paid sick leave and 40 hours of paid leave per year.  The new ordinance applies to 1) all […]

Beginning on January 1, 2024, the Washington Paid Family and Medical Leave Program’s total premium rate will decrease from 0.8% to 0.74%.  Additionally, the maximum weekly benefit will be capped at $1,456.00 per week in 2024. Jackson Lewis:Updates to the Washington Paid Family and Medical Leave Program