Cost-of-Living

News & Analysis as of

Monthly Benefits Update - November 2013

Health & Welfare Plans - Health Care Reform: Supreme Court Grants Review to Two Cases Challenging ACA’s Contraception Coverage Mandate - The United States Supreme Court has agreed to hear two cases challenging...more

New Jersey Voters Raise State Minimum Wage

On November 5, 2013, New Jersey voters overwhelmingly approved (by a 3 to 2 margin) a constitutional amendment to raise the minimum wage, starting on January 1, 2014, from $7.25 to $8.25 per hour. The amendment also...more

New Jersey Voters Approve Minimum Wage Increase

On November 5, 2013, New Jersey residents voted to approve an amendment to the New Jersey Constitution that will result in a $1.00 increase in the state's minimum wage rate. As of January 1, 2014, New Jersey's minimum wage...more

New Jersey Voters Approve Minimum Wage Hike; Rate To Increase To $8.25 With Future Increases Tied To Cost Of Living

New Jersey voters overwhelmingly approved a measure that will increase the state's minimum wage rate from $7.25 to $8.25, effective January 2014. The measure also included a constitutional amendment that will tie the minimum...more

2014 COLAs For Employee Benefit Plans

The Internal Revenue Service has announced the 2014 cost of living adjustments to various limits on employee benefit plans. The adjusted amounts generally apply for plan years beginning in 2014. ...more

IRS Announces Employee Benefit Plan Limits for 2014

The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans for 2014. Although many dollar limits currently in...more

Benefit Limits and Contributions for 2014

The Commissioner of Internal Revenue has adjusted the dollar limitations for benefits and contributions that apply to retirement plans. The Social Security Administration has also increased the Social Security taxable wage...more

Social Security Disability Benefits And Thresholds Increase For 2013

Rising prices can easily erode the ability of Social Security Disability benefit recipients to pay for their basic needs. The good news is that the Social Security Administration keeps a close eye on the Consumer Price Index,...more

Public Sector Pension Reform Includes Retirees

Reform of Canada’s public sector pension plans is no longer limited to active employees – increasingly governments are willing to address expensive components of retiree pensions as a part of their reform initiatives. ...more

U.S. Court of Federal Claims Awards Federal Judges Back Pay, With Interest

Four years, eight judicial opinions, and a trip to the Supreme Court later, the CFC—on remand from the Federal Circuit’s decision finding liability—has finally ruled on what back pay the federal judges can recover. Beer v....more

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