The Illinois General Assembly gave final approval to a bill (HB 117) that broadens the applicability of the Secure Choice Savings Program, dropping the threshold at which employers must register to allow their employees to enroll in the retirement plan. House Bill 117 as amended provides that the program applies to all employers with at…
Read More »With his presidential campaign over, New York City Mayor Bill de Blasio is now back in the city full time – and it’s starting to show. What’s good for America, may not be great for New Yorkers with the Mayor back at Gracie Mansion full time. Last week, his administration brought action against Chipotle with…
Read More »On a regular basis, we have advised our subscribers of the ever-expanding government mandates on employee benefits, minimum wages, sick leave, family and medical leave and the like. Well, yet another new mandate was proposed last week in the United States Senate – the Saving For The Future Act. Filed by declared democratic presidential candidate…
Read More »California has again gone one better in the mandate department as the Golden State now requires employers with at least five employees to offer access to a retirement plan for their employees. Under the CalSavers law, covered employers that do not already offer an employer-sponsored retirement plan, will be required to begin offering a retirement…
Read More »With paid sick leave plans being mandated by local and state governments across the country on the heels of local minimum wage hikes and predictive scheduling mandates gaining in popularity, could retirement plans be the next mandate foisted upon private business? California became the third state in the nation to create a pilot program for…
Read More »With sodium warning labels now safely in place, New York Mayor Bill de Blasio took another page out of the “big government playbook” when he led a rally last week at which he announced a plan to mandate retirement savings for all employees of private companies with 10 or more workers where there is not…
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