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IRS Announces 2015 Retirement Plan Contribution Limits

October 23, 2014

On October 23, 2014 the Treasury Department announced cost-of-living adjustments affecting dollar limitations for pension plans and retirement accounts for tax year 2015. The following is a summary of the changes that impact employees: 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plans The elective deferral ...
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Too Many Choices?

October 23, 2014

Some of the earliest investment advice given: “Don’t put all of your eggs in one basket.” Its value is enduring. An investor can minimize the risk of losing money by diversifying the allocation of money into different categories of investments. Even within a single category, an investor can choose investment vehicles, such as mutual funds, ...
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EEOC Challenges Employer Sponsored Wellness Programs Over “Enormous Penalties”

October 20, 2014

Recently, the U.S. Equal Employment Opportunity Commission (EEOC) announced litigation against a second employer — Flambeau, Inc., a plastics manufacturer based in Baraboo, Wisconsin — over employer-sponsored wellness program participation incentives granted to employees. The specific issue with Flambeau involves an employee unable to qualify ...
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Large Health Plans Must Obtain an HPID by November 5

October 01, 2014

The Centers for Medicare and Medicaid Services (CMS) has posted updated FAQs regarding health plans and the requirement to obtain a Health Plan Identifier (HPID). Insured and self-funded health plans that are “large health plans” ($5 million or more in annual receipts) are required to obtain an HPID by November 5, 2014. Small health plans have ...

From the Hotline: Types of Leave and Requirements

October 23, 2014

Question: We have an employee who does not qualify for federal Family and Medical Leave Act (FMLA) leave. We would like to know what other types of leave are available to the employee. What are the eligibility requirements for the various leaves? Answer: This answer would largely depend on the company size and/or location, as many states have ...

From the Hotline: Exhaustion of Leave and Termination Questions

October 22, 2014

Question: Our employee recently returned from maternity leave having used up all her CFRA, PFL, and FMLA. She worked for three days and is out on disability again due to post-partum depression. When she comes back to work is she now eligible for leave again? Are we required to hold her job for her? What are our options? We are currently going ...

From the Hotline: Bonus and Employee Leave

October 20, 2014

Question: Our company provides a bonus to all employees based on overall company performance. Do we have to pay an employee who is out on a leave of absence (LOA), and would payment of the bonus impact his or her disability payments? Answer: The Family and Medical Leave Act (FMLA) requires that employees be restored to the same or an equivalent ...

Ask the Experts: Leave Tracking for Job-Related Medical Leaves

October 15, 2014

Question: I have always understood workers' compensation injuries that are accepted by the carrier are not to be charged against their potential FMLA leave because the injury is not the employee's fault, but my colleagues think that is not true. What is the right answer? Answer: Leaves caused by workers' compensation injuries or illnesses may ...

Ohio Employment Law Alert – October 2014

October 15, 2014

Minimum Wage Increase On September 29, 2014, the Ohio Department of Commerce announced that the state minimum wage will increase to $8.10 on January 1, 2015, for non-tipped employees and to $4.05 per hour for tipped employees. The increased minimum wage will apply to employees of businesses that have annual gross receipts of more than $297,000 ...

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