At USI, we are dedicated to helping employers stay on top of fast-changing legislative and regulatory developments and guidance related to health and welfare plans that could impact your business. Here we are sharing information on the recent IRS “cost of living” adjustments for 2021 that may affect your employee benefit plans.
While many limits remain unchanged from 2020, including healthcare flexible spending accounts (FSAs) and qualified commuter plans, some limits, including FSA carryover limits, have been updated for the upcoming calendar year. Click here to access the latest National Compliance Update from USI for all of the applicable changes. Contact us with questions or for additional guidance.
On May 11, 2014, the governor of Minnesota signed the Women’s Economic Security Act (WESA), a bill that will require Minnesota employers to make dramatic changes to their employment policies and practices.
While WESA directly impacts employers who conduct business in Minnesota, the changes follow plans by federal and local governments to expand legal protections for women and other employees. For this reason, employers in other jurisdictions should pay close attention to these national and state law trends.
“The only thing that is constant is change.”
Turns out that dusty old Greek philosophers occasionally say profound things (Heraclitus also said that a man’s character is his destiny). And since the Greeks are considered the fathers of democracy and were responsible for no small number of laws themselves, it seems an appropriate departure point to talk about the constantly changing landscape of employment laws.
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