Benefit Beat - 2011 through current

Benefit Beat - 2011 through current

November 10, 20212022 Benefit Plan Limits
On November 10, 2021, the IRS released the 2022 inflationary (cost of living) adjustments relating to several types of benefits.  
Washington State has a Partnership Access Line (PAL) consisting of four state-organized psychiatric referral programs operated by the University of Washington and Seattle Children’s Hospital. In 2020, the legislature passed a law to create a fund (WAPAL fund) to support its PAL programs.
The Washington Employment Security Department indicates that premium rates and the weekly benefit will increase for 2022.

In 2019, Governor Murphy signed legislation that requires employers to automatically enroll their employees in the New Jersey Secure Choice Savings Program (hereinafter Program). The law took effect March 28, 2021 and requires employers to either sponsor a 401(k) plan or adopt the state-run retirement plan by the end of 2021.

Employers employing 10 or more employees who do not offer a retirement plan will be required to automatically enroll employees in the Secure Choice Savings Program according to a law signed by Governor Kathy Hochul.

On September 24, 2021, the DC paid family leave program was amended to temporarily expand benefits for eligible individuals.
The Social Security Administration announced a 5.9% cost of living adjustment for 2022.
The IRS released the 2022 cost of living adjustments (IRS Notice 2021-61) applicable to defined benefit and defined contribution plan.

A second set of interim final rules were issued implementing certain provisions of the No Surprises Act. 

As employers are implementing, considering implementing, or being compelled to implement a coronavirus vaccine program, the question of religious accommodation is surely surfacing.

November 07, 2021OSHA Vaccine Guidance
The much anticipated OSHA guidance addressing vaccine protocols applicable to employers employing 100 or more employees has just been released.
The emergency sick leave benefit is extended until 4/1/2022or the exhaustion of the $75 million in program funding, whichever is first.
Required employer contribution is reduced for 2022.
Eligible employees can take up to 12 weeks of paid leave,effective 1/1/2022.
This year, Medicare Part D premiums increase, while MedicareAdvantage premiums decrease.