On April 22, 2024, the Department of Labor (DOL) released the final version of a new rule to raise the minimum salary threshold for most employees covered by the so-called white-collar exemptions.
The New York State enacted budget for fiscal year 2024 changes employers' obligations by adding paid leave for prenatal care, converting unpaid break time.
Defined benefit plans typically offer participants several ways to receive their benefits, including single life annuities, joint and survivor annuities, and certain life annuities.
On April 25, 2024, Governor Wes Moore signed a bill that requires employers to include the wage range, general description of benefits and any other compensation.