As we previously discussed, the United States Department of Labor (the “DOL”) issued a final rule in the spring of 2024 (the “2024 Rule”) substantially increasing the minimum salary level for the executive, administrative,...more
9/27/2024
/ Department of Labor (DOL) ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Federal Labor Laws ,
Final Rules ,
Highly Compensated Employees ,
Minimum Salary ,
Non-Exempt Employees ,
Over-Time ,
Regulatory Authority ,
Salaried Employees ,
Wage and Hour ,
White-Collar Exemptions
Most employers with at least 25 employees in New Jersey that do not already offer a qualified retirement plan must soon take action to enroll their employees in the state’s “RetireReady NJ” retirement savings program. This...more
9/18/2024
/ 401k ,
403(b) Plans ,
Enrollment ,
Individual Retirement Account (IRA) ,
New Jersey ,
Pensions ,
Professional Employer Organization ,
Retirement Plan ,
Savings Plans ,
Secure Choice Savings Program ,
State Labor Laws ,
Wage and Hour
Effective July 1, 2024, new regulations from the United States Department of Labor (the “DOL”) (the “2024 Rule”) increase the minimum salary level employees must be paid in order to be exempt from the Fair Labor Standards...more