Consumer Price Index

News & Analysis as of

CFPB amends commentary on adjustments to exemption thresholds; makes no changes to 2017 thresholds

The CFPB has adopted changes to its Reg Z commentary to memorialize the calculation methods used each year to adjust the thresholds for exempt consumer credit transactions and for transactions exempt from the special...more

Court of Appeal rules on changing pension increases from RPI to CPI

Barnardo's v. Buckinghamshire [2016] EWCA Civ 1064 - Background - The rules of the Barnardo's pension scheme (the Scheme) provide for annual increases of the lower of 5% or the increase in the retail prices index...more

Two (out of Three) Gift and Estate Tax Exclusion Amounts Will Inch Up in 2017

Around this time every year, the IRS looks at whether there has been a year-over-year increase in the Consumer Price Index and announces inflation adjustments to the federal gift and estate tax exclusion amounts for the...more

Beginning next year, Florida’s minimum wage is going up

On January 1st, 2017, the minimum wage in Florida will increase from $8.05 an hour to $8.10 an hour. This represents the fifth-smallest hourly increase since Florida established a state minimum wage in 2005. For tipped...more

Florida’s Minimum Wage to Increase on January 1, 2017

In 2004, Florida voters approved a constitutional amendment that established a statewide minimum wage. The Florida minimum wage applies to all employees in the state who are covered by the federal minimum wage. The Florida...more

California Computer Professional Salary Requirement to Increase to $88,318.55

Employers of California computer professionals must ensure compensation rates meet new salary thresholds that go into effect January 1, 2017. In addition to reviewing compensation to ensure compliance with upcoming...more

Several Iowa Counties Proclaim That A Dollar Just Ain't What It Use To Be!

Employers across the country are reluctantly evaluating how to proceed in light of the increase in the compensation requirements for exempt employees (which will be effective December 1, 2016). To add insult to injury,...more

British Columbia increases minimum wage September 15, 2016

On May 4, 2016 the government of British Columbia announced its intention to raise minimum wage in the province.  Implemented over two years, this change will see minimum wage increase to an estimated $11.25 by September...more

Projected Inflation-Adjusted Estate, Gift and GST Tax Exclusion Amounts for 2017 Now Available

Based on the Consumer Price Index for the 12-month period ending August 31, 2016, Thompson Reuters Checkpoint has released their projected inflation-adjusted Estate, Gift, GST tax, and other exclusion amounts for 2017, as...more

CFPB Proposes Changes To Higher-Priced Mortgage Loan Exemption Threshold

The Consumer Financial Protection Bureau (CFPB) published for comment proposed substantive and organizational changes to the Regulation Z Commentary regarding the calculation of the annual exemption threshold amount for the...more

CFPB Proposes Changes to Higher-Priced Mortgage Loans Exemption Threshold

On August 4, 2016 the CFPB published for comment proposed substantive and organizational changes to the Regulation Z Commentary regarding the calculation of the annual exemption threshold  amount for the special appraisal...more

Immigration Penalties Adjusted for Inflation Increases to Take Effect August 1

On June 30 and July 1, 2016, the U.S. Department of Homeland Security (DHS), the U.S. Department of Justice (DOJ), and the U.S. Department of Labor (DOL) each published separate interim final rules in the Federal Register to...more

False Claims Act Violations to Become Much Costlier Starting August 1

On June 29, the U.S. Department of Justice (DOJ) confirmed that penalties for False Claims Act (FCA) violations will increase substantially. The DOJ’s interim final rule nearly doubles the per violation penalty for FCA...more

New Minimum Wage For Pasadena Starting July 1, 2016

In a move which matches its counterparts in Los Angeles and Santa Monica, the City of Pasadena is set to increase its minimum wage for employers with 26 or more employees to $10.50 on July 1, 2016, while smaller employers...more

D.C. and Maryland Set to Increase Minimum Wage on July 1, 2016

As of July 1, both Maryland’s and the District of Columbia will increase the minimum wage. Maryland’s minimum wage will increase to $8.75 per hour while the District of Columbia’s will increase to $11.50 per hour. Employers...more

A Reminder: Increased Minimum Wages for Santa Monica and Los Angeles

An increase in temperatures will not be the only increase employers will see this July: employers in the City of Los Angeles and in the City of Santa Monica are reminded that minimum wages will increase starting on July 1,...more

D.C. Council Passes Minimum Wage Hike

The Council of the District of Columbia has voted to raise the minimum wage to $15.00 per hour by 2020, and Washington, D.C. Mayor Muriel Bowser is expected to approve the legislation. On June 7, 2016, by a unanimous...more

Update: New Jersey Minimum Wage Bill Clears the Assembly

With the federal minimum wage stalled at $7.25 since 2009, HR Legalist has been tracking several developments to wage and hour law on both the federal level (via the pending overtime rule change recently reported by HR...more

OIRA’s Review of the Final Overtime Regs Draws to a Close: Will It Include a Provision to Increase the Salary Automatically?

As the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget concludes its review of the proposed final overtime regulations, the issuance of new regulations defining and delimiting the...more

New California Law Raises Minimum Wage to $15 an Hour by 2022, Has Ripple Effects on Salaried Employees

Minimum wage increases will be incremental, starting in 2017 for larger employers, 2018 for smaller employers - This week, Governor Brown signed Senate Bill 3 into law. SB 3 will raise the State’s minimum wage for hourly...more

California Increases Minimum Wage – Prepare Now to Avoid Future Liability!

California lawmakers, union supporters, and Governor Brown have come together to increase California minimum wage to $15.00 over the next several years. Governor Brown signed the law only one week after he announced that...more

Congress Moves to Expand Definition of “Accredited Investor” Under Regulation D

In an era where Congress and the Securities and Exchange Commission (“SEC”) have been working to break down barriers to investment and equity development, it only makes sense a new bill currently wending its way through the...more

California Minimum Wage to Increase to $15.00

On April 4, 2016, California Governor Jerry Brown signed Senate Bill 3 providing for a gradual increase in California’s minimum wage from $10.00 to $15.00 per hour. The effective dates of the scheduled increases depend on the...more

Governor Brown Signs New Minimum Wage Increase Into Law

On April 4, 2016, Governor Brown signed Senate Bill 3, a bill which will gradually increase minimum wages in California in a manner that is very similar to the Los Angeles ordinance, except that the state increases will not...more

California Becomes the First State to Adopt a $15 Minimum Wage; New York Is Likely to Be the Second

California has become the first state to raise the minimum wage to $15 an hour state-wide. The $15 minimum wage rate will go into effect after a series of gradual increases over the next few years. New York legislators have...more

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