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Employee Benefits › Disaster Aid

Fisher Phillips

Comprehensive FAQs For Employers on Hurricanes and Other Workplace Disasters: 2023 Edition

Fisher Phillips on

This detailed set of Frequently Asked Questions, fully updated for 2023, addresses the workplace-related issues facing employers in the wake of hurricane-related disasters. In addition to legal obligations you need to...more

Pullman & Comley - Labor, Employment and...

More Disaster Relief for Employee Benefit Plans Due to COVID-19

Pullman & Comley - Labor, Employment and... on

On April 28, 2020, the Employee Benefits Security Administration (“EBSA”) issued three documents related to COVID-19 relief: (i) EBSA Disaster Relief Notice 2020-20 (EBSA Notice 2020-01); (ii) the text of a final rule...more

Ballard Spahr LLP

PBGC Provides Pandemic Relief for Pension Plans

Ballard Spahr LLP on

The Pension Benefit Guaranty Corporation (PBGC) – the federal agency created by the Employee Retirement Income Security Act of 1974 (ERISA) to insure certain defined benefit pension plans offered by private-sector employers –...more

Groom Law Group, Chartered

IRS and PBGC Provide Pension and Other Relief in the Wake of COVID-19

Groom Law Group, Chartered on

This week, the Internal Revenue Service (“IRS”) and Pension Benefit Guaranty Corporation (“PBGC”) both released helpful guidance intended to assist the individuals and organizations affected by the novel coronavirus...more

Littler

Ten Common Benefits Issues Related to the COVID-19 Pandemic, Employee Furloughs and Reductions in Force

Littler on

There are many more than 10 issues that are of concern to employers in connection with the current crisis.  Nevertheless, employers are dealing with certain recurrent matters....more

Neal, Gerber & Eisenberg LLP

Employers May Provide Tax-Free Disaster Relief Payments to Employees Impacted by the COVID-19 Pandemic

Neal, Gerber & Eisenberg LLP on

On March 13, 2020, President Trump declared the COVID-19 pandemic to be a "national emergency." As a result, employers now have the opportunity to provide disaster relief payments to employees on a tax-favored basis pursuant...more

Epstein Becker & Green

Temporary Benefit Strategies to Immediately Help Workers: Benefits Guidance in the Time of COVID-19

Epstein Becker & Green on

The closure orders issued by federal and state government authorities across the United States have resulted in the reduction and loss of income for a significant percentage of the U.S. workforce. ...more

Bricker Graydon LLP

401(k) and 403(b) plans must be updated January 1, 2020

Bricker Graydon LLP on

The IRS recently issued final regulations to standardize the administration of hardship distributions. Plans that permit hardship distributions must implement operational changes for hardship distributions by January 1, 2020,...more

Robinson & Cole LLP

Federal Budget Deal Includes Changes to Retirement Provisions

Robinson & Cole LLP on

The Bipartisan Budget Act of 2018 (Act) was approved by Congress and signed into law by the President on February 9, 2018. Included in the Act are certain provisions impacting retirement plans that were initially considered...more

Littler

Puerto Rico Department of the Treasury issues Q&As Clarifying Guidance on Qualified Payments Made for Hurricane María Disaster...

Littler on

As previously discussed, on October 4, 2017, the Puerto Rico Department of the Treasury (the “PR Treasury”) issued Administrative Determination No. 17-21 (“AD 17-21”) granting temporary income tax exemption for payments...more

Jackson Lewis P.C.

Puerto Rico Agencies Issue Employee-Related Guidance, Tax Relief In Wake Of Hurricane

Jackson Lewis P.C. on

The passage of Hurricane María through Puerto Rico in September 2017 left catastrophic damages. In an effort to encourage employer assistance and provide temporary economic relief to employees in Puerto Rico, local government...more

Littler

Puerto Rico Department of the Treasury Grants Temporary Tax Exemptions for Employer-Provided Payments and Certain Benefits to...

Littler on

On October 4, 2017, the Puerto Rico Department of the Treasury (the “PR Treasury”) issued Administrative Determination No. 17-21 (“AD 17-21”) granting temporary income tax exemptions for payments and certain benefits provided...more

Seyfarth Shaw LLP

IRS Allows Employees to Donate the Value of PTO for Hurricane Harvey Victims

Seyfarth Shaw LLP on

Seyfarth Synopsis: The IRS has announced a program that allows employees to donate the value of their vacation, sick time, or other paid time off (“PTO”) for the relief of victims of Hurricane or Tropical Storm Harvey. ...more

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