Guidance for Plan Sponsors, Plan Fiduciaries, Record Keepers and Plan Participants
Guidance for Investment Advice Exemption
Mental Health ASPIRE Initiative | Seven States Selected
Amazon Union Election
Biden Administration Labor Leadership Updates. On April 21, the Senate Health, Education, Labor, and Pensions (HELP) Committee is scheduled to hold a business meeting to consider the nomination of
Ms. Julie Su to serve as Deputy Secretary of Labor.
On April 9, U.S. President Joe Biden announced his intent to nominate
Mr. Doug Parker to serve as Assistant Secretary of Labor for Occupational Safety and Health (OSHA). Mr. Parker currently serves as chief of California’s Division of Occupational Safety and Health (Cal/OSHA). House Education & Labor Committee Ranking Member Virginia Foxx (R-North Carolina) said of the nomination:
March Employment Report
Last Friday, the U.S. Department of Labor reported more than 916,000 Americans returned to work in March, surpassing expectations and marking the biggest jump in employment since the summer, as Americans get vaccinated and more states and cities allow businesses to reopen. The overall unemployment rate fell to six percent, indicating the U.S. economy is on track for record growth this year.
Fiscal Year (FY) 2022 Discretionary Request Released
U.S. President Joe Biden released an outline of his $1.5 trillion budget request to Congress today (April 9) that would provide $769 billion for non-defense programs and $753 billion in national defense funding for FY 2022. The White House detailed discretionary spending levels that President Biden requests for each federal agency, along with information on the President’s investment priorities for programs dedicated to issues like clean energy, public health, education and helping disadvantaged commu
American Jobs Plan Unveiled
On Wednesday, March 31, U.S. President Joe Biden outlined roughly a $2 trillion legislative proposal – the American Jobs Plan (“the Plan”) – that would be spread over eight years to build back better the American economy from the impact of the COVID-19 pandemic. The President called it a “once-in-a generation investment in America” that would create skilled jobs, grow the economy, make the country more competitive globally, promote U.S. national security interests, and position the United States to be competitive with China. Among other things, the Plan would create jobs that pay prevailing wages in safe and healthy workplaces while ensuring workers have a free and fair choice to organize, join a union, and bargain collectively with their employers. A White House fact sheet on the Plan is available here.
On March 10, 2021, the House of Representatives passed the version of the
American Rescue Plan Act (H.R. 1319, the “Act”) previously passed by the Senate on March 6. President Biden is expected to sign the legislation on Friday. The Act is intended to, among other things, provide financial support to families struggling because of the pandemic, including a third round of stimulus checks for individuals (up to certain income limits), temporary COBRA and Affordable Care Act (“ACA”) subsidies intended to help people maintain health insurance coverage during the pandemic, and funding for COVID-19 vaccines and testing. The Act also includes a number of other tax and retirement provisions, including extended funding stabilization for single-employer pension plans, financial assistance for certain multiemployer pension plans, and changes to the executive compensation rules. Below, we summarize the key health, tax, and retirement provisions in the Act.
Democrats, Republicans can t agree on school funding in newest COVID aid package | York s Max Country 104 9 / 1370 KAWL 1049maxcountry.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1049maxcountry.com Daily Mail and Mail on Sunday newspapers.