News & Analysis as of

Proposed Legislation Employee Benefits

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Let Young Workers Save—It’s About Time

If you’re old enough to flip burgers, serve coffee, or serve your country at 18, you should be able to save for retirement too....more

Brownstein Hyatt Farber Schreck

Taxation & Representation, July 2025 #3

Speaker Johnson Kicks Off Discussions for Reconciliation 2.0: House Republicans are laying the groundwork for a second reconciliation bill this fall that aims in part to revive key provisions excluded from the One, Big,...more

Groom Law Group, Chartered

This Week From the Hill (July 27 – August 2, 2025)

Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more

Hogan Lovells

UK Pensions and Inheritance Tax (IHT): Revised Policy from HMRC

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HMRC has taken on board concerns from the pensions industry about its previous proposals for bringing many pension death benefits within the scope of inheritance tax (IHT). On 21 July 2025, HMRC issued a Policy Paper and...more

Foley & Lardner LLP

Changes to the College and University Endowment Tax

Foley & Lardner LLP on

Share on Twitter Share by Email Share Back to top The One Big Beautiful Bill Act (OBBBA) modifies the excise tax on net investment income of private colleges and universities under Internal Revenue Code (IRC) Section 4968....more

Saul Ewing LLP

Trump’s Megabill: Expanding Choice With Health Savings Accounts

Saul Ewing LLP on

On July 4, 2025, President Trump signed the reconciliation bill entitled An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14 (“Act”) into law. The changes proposed in the earlier House version of the...more

Mayer Brown

The Pensions Brief: July 2025

Mayer Brown on

The government has also published a roadmap setting out its overarching aims for its reforms to workplace pensions as well as indicative timing for implementation of the Bill. The roadmap indicates that the reforms will come...more

Jenner & Block

Client Alert: “Trump Accounts” – Tax-Advantaged Savings Accounts for Children

Jenner & Block on

On Friday, July 4, President Trump signed into law the One Big Beautiful Bill Act (H.R. 1) (“Big Beautiful Bill”) after narrow approval from both houses of Congress. The legislation extends the Tax Cuts and Jobs Act and...more

Partridge Snow & Hahn LLP

Tax Implications of the Big Beautiful Bill on Nonprofits

The proposed One Big Beautiful Bill Act (OBBBA) introduces sweeping tax changes that will significantly impact nonprofit organizations. While the bill aims to encourage charitable giving through a new universal deduction...more

Perkins Coie

Oregon Enacts Legislation Providing Unemployment Benefits for Striking Workers

Perkins Coie on

Key Takeaways - - Oregon recently joined several other states in ensuring unemployment insurance for workers participating in strikes. - Guaranteed unemployment insurance for striking employees is a significant change, as...more

Jackson Lewis P.C.

City of Los Angeles Hotel Workers’ Minimum Wage Increase Put on Hold

Jackson Lewis P.C. on

The City of Los Angeles has put the minimum wage increase for hotel workers on hold. Certain provisions were to take effect on July 1, 2025. This decision comes after a referendum petition against the ordinance was filed...more

Littler

Connecticut Governor Nixes Unemployment Compensation for Strikers

Littler on

On June 23, 2025, Connecticut Governor Ned Lamont vetoed the state legislature’s latest attempt to provide unemployment compensation benefits to strikers. The vetoed bill, entitled “An Act Concerning Protection for Workers...more

Blake, Cassels & Graydon LLP

The Future of Canadian Pension Governance: Updated Legal Insights

The Canadian regulatory landscape presents a dynamic mix of regulatory, policy and governance updates that demand careful attention from Canadian pension plan sponsors and administrators. Federal and provincial initiatives,...more

Jackson Lewis P.C.

Vermont Expands Family Leave Protections: New Entitlements and Broader Definitions

Jackson Lewis P.C. on

Vermont Governor Phil Scott has signed legislation extending the protections of the state’s unpaid family leave law. The expansion extends safe leave, bereavement leave, and qualifying exigency leave to employees of employers...more

FordHarrison

New York Lawmakers Consider Progressive Reforms to Severance Agreements

FordHarrison on

The New York State Senate passed the “No Severance Ultimatums Act” (“the Act”), which, if enacted, “prevents employers from giving coercive ultimatums to employees or former employees relating to such employee's severance...more

Ballard Spahr LLP

President Trump’s Budget Goes To Work Against Enforcement Agencies with Significant Cuts to DOL and NLRB

Ballard Spahr LLP on

President Trump’s proposed budget for Fiscal Year (FY) 2026 includes substantial reductions to the U.S. Department of Labor’s (DOL) budget and staff.  The proposed discretionary budget is slashed from $13.5 billion to $9...more

Proskauer - Tax Talks

One Big Beautiful Bill: Update on Provisions for Nonprofits

Proskauer - Tax Talks on

On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (H.R. 1, hereafter the “Revised House Bill”). The Revised House Draft Bill contains certain changes to the original bill that was released...more

Alston & Bird

House Reconciliation Bill Expands and Improves Health Savings Accounts and Individual Coverage Health Reimbursement Arrangements

Alston & Bird on

The House-passed reconciliation bill would significantly modify health savings accounts (HSAs) and individual coverage health reimbursement arrangements (ICHRAs). Our Employee Benefits & Executive Compensation Group unpacks...more

Shipman & Goodwin LLP

General Assembly Expands Eligibility for CT Family Medical Leave Act and CT Paid Leave

Shipman & Goodwin LLP on

Effective October 1, 2025, access to the Connecticut Family Medical Leave Act (“CT FMLA”) and Connecticut Paid Family Medical Leave Insurance (“CT Paid Leave”) will be expanded to include all non-certified school employees at...more

Hogan Lovells

HL UK Pensions Law Digest 9 June 2025

Hogan Lovells on

Welcome to our latest update, in which we cover:  The long-awaited Pension Schemes Bill was introduced in Parliament on 5 June 2025. Many of the provisions are no surprise, as they will give legal effect to proposals which...more

Mayer Brown

Stop Press – Government Will Act in Light of the Virgin Media Ruling

Mayer Brown on

The government has announced that it will pass legislation to give pension schemes affected by the Virgin Media ruling the power to obtain retrospective actuarial confirmation that historic changes to contracted-out benefits...more

Shipman & Goodwin LLP

Connecticut Paid Sick Leave Act Amended by General Assembly

Shipman & Goodwin LLP on

On June 4, 2025, embedded in an omnibus bonding bill, the Connecticut General Assembly amended the Connecticut Paid Sick Leave Act as it applies to certain employees of municipalities and boards of education. While the...more

Proskauer - Employee Benefits & Executive...

The One Big Beautiful Bill Act (Tax Reform): Employee Benefits and Executive Compensation Breakdown

On May 22, 2025, the House of Representatives passed legislation titled “The One Big Beautiful Bill Act” (the “House Bill”) (available here), which includes several tax reform provisions. The House Bill is now being...more

Littler

Policy Week in Review – May 2025 #4

Littler on

Chairs Walberg (R-MI) and Allen (R-GA) Seek Feedback to Reform the LMRDA - The House Committee on Education and Workforce Chair Tim Walberg (R-MI) and Subcommittee on Health, Employment, Labor, and Pensions Chair Rick...more

Cozen O'Connor

Broad Street Brief: Mayor Parker Signs POWER Act

Cozen O'Connor on

Mayor Parker Signs POWER Act Into Law - On Wednesday, Mayor Cherelle Parker signed the POWER Act into law, expanding protections for City workers by increasing penalties for employer retaliation, extending sick leave to...more

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