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Employment Agreements and Employment Litigation

McDermott Will & Emery Employee Benefits

What effects did the COVID-19 pandemic have on employers and employment litigation in 2021? In these slides, McDermott Partners Andrew Liazos and Ashley Altschuler summarize some of the key developments in hiring, executive compensation, remote work and more. Access the slides.

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Save It for a Rainy Day Part 2: IRS Announces Additional Plan Amendment Extensions

McDermott Will & Emery Employee Benefits

On September 26, 2022, the Internal Revenue Service (IRS) extended the amendment deadline for non-governmental qualified retirement plans, plans covered under Section 403(b) of the Internal Revenue Code (Code) and individual retirement accounts (IRAs).

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New Year, New Rules: Global Equity and Employment Law Considerations for Calendar Year 2025

McDermott Will & Emery Employee Benefits

Many countries finalized new regulations and released new guidance in 2024 that will impact global equity plans. This client alert highlights key updates from Canada, the European Union, the United Kingdom, Brazil, and other jurisdictions, and recommends steps companies should take to address them. Access the article.

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IRS Announces Delay of Implementation of SECURE 2.0 Act’s Roth Catch-up Contribution Provision for Two Years

Benefits Notes

Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.

401(k) 52
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Federal tax reform: 5 HR must-dos for every business

Insperity

Topics being discussed include re-evaluating major areas such as corporate tax structure, executive compensation, employee bonuses and depreciation of assets. Employers can face under-withholding penalties from federal, state and local governments. Tax reform did a number on payroll. But the benefits don’t end there.

Taxes 72
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SECURE 2.0 Includes PBGC Premium Relief… for Some Plans

Proskauer's Employee Benefits & Executive Compensa

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. also does not change PBGC’s indexed flat-rate premiums for both single-employer pension plans and multiemployer pension plans.

Pension 40
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Inflation and ERISA Penalties: Hand in Hand for 2022

McDermott Will & Emery Employee Benefits

The Federal Civil Penalties Inflation Adjustment Act of 2015 directs the US Department of Labor (DOL) to make annual inflation adjustments to specified Employee Retirement Income Security Act (ERISA) violations.