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Archive by tag: Bond Schoeneck & King PLLCReturn

Essential Business Update: Construction

There has been a significant change regarding what construction is considered “essential” and may continue. Based on new language that we now have, companies that previously received specific approval of a construction project must reevaluate that...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Apr 02,2020 |

The Secure Act of 2019: What Retirement Plan Sponsors Need to Know

The Setting Every Community Up for Retirement Enhancement Act of 2019 (Act) was signed into law on December 20, 2019. The Act represents the first comprehensive legislation impacting retirement plans in over a decade and includes provisions affecting...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Feb 25,2020 |

New York Reduces the Period of Time that Striking Workers Must Wait Before Receiving Unemployment Insurance Benefits

On February 6, 2020, Governor Andrew Cuomo signed an amendment to New York Labor Law § 592 that reduces the period of time that striking workers must wait before receiving unemployment insurance benefits. The amendment took effect immediately....By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Feb 21,2020 |

Beyond the Border: GDPR and Other Privacy Considerations in Domestic M&A Transactions

Data privacy should be a top concern for US businesses that may enter into merger and acquisition transactions this year. If your business collects, processes, stores, or transfers identifiable information relating to individuals (“Personal Data”) or...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Jan 29,2020 |

Governor Cuomo Announces Plan to Eliminate Tip Credit for Employees Outside the Hospitality Industry

The New York State Department of Labor, after holding multiple hearings across the state regarding the impact of tip credits for employees covered by the Minimum Wage Order for Miscellaneous Industries and Occupations, issued a report recommending...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Jan 28,2020 |

403(b) Plan Restatement Deadline is March 31, 2020; Be Sure to Check New Governance Terms Too

Tax-exempt employers that sponsor or offer Internal Revenue Code Section 403(b) plans (including non-ERISA plans) have until March 31, 2020 to complete the amendment and restatement of those plans....By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Jan 10,2020 |

New Ruling Allows Employers to Mandate Confidentiality of Internal Investigations

On December 19, 2019, the National Labor Relations Board (the Board) held that employers can require employees to keep internal investigations confidential during the pendency of the investigations. This decision, Apogee Retail d/b/a Unique Thrift...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Jan 07,2020 |

The SECURE ACT of 2019

On Thursday, December 19, 2019, the Senate voted in favor of an omnibus spending bill that includes some of the most significant retirement reform to take place in more than a decade. This reform comes in the form of the Setting Every Community Up...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Dec 31,2019 |

NLRB Reinstates Former Legal Standard for Deferral to Arbitration

On December 23, the National Labor Relations Board reversed its 2014 decision in Babcock & Wilcox Construction Co, Inc., and reinstated the legal standard for deferring to the arbitration process that had existed prior to the Babcock decision....By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Dec 30,2019 |

Reminder: New York Minimum Wage Rates and Salary Thresholds for the Executive and Administrative Exemptions Will Increase on December 31, 2019

Employers in New York will be required to comply with the new state minimum wage rates and the new state salary thresholds to qualify for the executive and administrative exemptions, effective December 31, 2019....By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Dec 27,2019 |
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