"A furlough is the placing of an employee in a temporary nonduty, nonpay status because of lack of work or funds, or other nondisciplinary reasons," the Office of Personnel Management (OPM) says in itsGuidance for Shutdown Furloughs. When workers are put ...
"A furlough is the placing of an employee in a temporary nonduty, nonpay status because of lack of work or funds, or other nondisciplinary reasons," the Office of Personnel Management (OPM) says in itsGuidance for Shutdown Furloughs. When workers are put on ...
However, ERISA does not preempt federal laws. The FTC rule and comments do not address if the ban would have any effect on the validity or enforcement of non-compete restrictions in an ERISA-covered employee benefit plan. Would the ban apply to non-compete restrictive covenants in a 457(f)...
Participation in the Safe Harbor is limited to businesses and organizations that fall under the jurisdiction of the Federal Trade Commission (FTC), or U.S. ticket agents and air carriers that fall under the jurisdiction of the Department of Transportation (DoT). What industries fall under FTC ju...
If employees are covered by a policy providing minimum essential coverage (MEC), such as a plan from the state or federal marketplaces, their HRA funds are also free of income taxes. 4. Promote retention and employee satisfaction Offering an HRA as part of a benefits package can help you ...
Under the Affordable Care Act (ACA), minimum essential coverage (MEC) is any health insurance coverage that meets the individual shared responsibility requirement, also known as the individual mandate. While the federal tax penalty for not having MEC is no longer in effect for individuals, MEC is...
But for excepted benefits, life insurance, disability insurance, large group coverage, and Medigap plans, medical underwriting is still used (for large group plans, the underwriting is for the plan as a whole; individual enrollees are not subject to medical underwriting). In some cases, like ...
Also, if your health plan is considered an "excepted benefit," it's not regulated by the Affordable Care Act and thus not required to cover preventive care without cost-sharing (or at all). This includes coverage such asshort-term health plans,fixed indemnity plans,healthcare sharing ministry...
(2) Subsection (1) does not apply to an owner, publisher, printer, agent, or employee of a newspaper or other publication, periodical, or circular, or of a radio station or television station, who in good faith and without knowledge of the falsity or deceptive character thereof, publishes,...
Safe harbor for certain employee benefit trusts and investment trusts. Therefore, we will take some time to discuss the basics before and trust, how a Foreign Grantor Trust differs from a Non-Grantor Trust, and whether it is taxable or reportable in the US. If you are a U.S. citizen liv...