This regulatory and legislative update covers issues involving student loan repayment, preventive coverage, job-based life insurance participant money and more.
Student Loan Repayment an Option Clarified | Learn More
Employers can provide employees up to $5,250 each calendar year in the form of tax favored tuition reimbursement. Recently issued IRS FAQ guidance addresses the applicability to student loan repayment.
A New World Order for Ambiguous Statutes | Learn More
The Chevron Doctrine rendered 40 years ago provides that administrative agencies, such as the Department of Labor, have the authority to use their expertise to interpret ambiguous statutes. On June 28, 2024, the Supreme Court overturned the Chevron Doctrine indicating that the courts and not administrative agencies must interpret ambiguous statutes.
Minnesota Amended its Paid Sick Leave Law | Learn More
Governor Walz signed amendments to the Earned Sick and Safe Time (ESST) Act which took effect May 24, 2024.
Washington DC Increases Employer Payroll Tax on Paid Family Leave | Learn More
Washington DC’s City Council unanimously passed the 2025 Fiscal Year budget which includes a 0.49% increase to the employer payroll tax for Paid Family Leave.
Rhode Island Joins Auto-IRA Bandwagon | Learn More
RISavers, a state-facilitated auto-IRA program is signed into law by Governor McKee on June 26, 2024.
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