Legal News

Welcome to your weekly update from the Allen & Overy Pensions team, bringing you up to speed on the latest legal and regulatory developments in the world of occupational pensions. Please see full article below for more information....By: Allen & Overy LLP

The SECURE Act, signed into law on Dec. 20, 2019, contains various provisions that may impact large employer-sponsored retirement plans. In effect, the act will usher in the need for plan sponsors to reevaluate plan features, and some of the act’s...By: McGuireWoods LLP

California is known for new employment laws that then trickle out to the east coast, the northwest, and eventually nationwide. Think back to the mandate for sexual harassment prevention training and the roll-out of paid family leave in 2004, and the...By: Fox Rothschild LLP

Spending Bill Extends EB-5 Regional Center Program, Includes Immigration Provisions - Congress has passed a spending bill for fiscal year 2020 that includes several immigration-related provisions. President Trump is expected to sign the...By: Klasko Immigration Law Partners, LLP

The Setting Every Community Up for Retirement Enhancement Act of 2019 (Secure Act) was passed by the House and Senate on December 17 and 19, respectively, as part of a budget bill known as the Further Consolidated Appropriations Act, 2020 (H.R....By: Akin Gump Strauss Hauer & Feld LLP

The Federal Ministry for Economic Affairs and Energy further tightened foreign direct investment control, but the investment climate remains liberal - Pursuant to the German Foreign Trade and Payments Act (Außenwirtschaftsgesetz; AWG) and the German...By: White & Case LLP

Twenty-four states, 48 cities and counties and Washington D.C. will increase their minimum hourly wages in 2020. In Missouri, the hourly minimum wage will increase to $9.45 per hour, effective January 1, 2020. Employers of tipped employees will need...By: Thompson Coburn LLP

• Whistleblower Carve-Out: For all employment-related agreements containing non-disclosure provisions signed on or after January 1, 2020, firms should include new “whistleblower carve-out” language as dictated by New York state law. • Employee...By: Akin Gump Strauss Hauer & Feld LLP

Seyfarth Synopsis: A proposed amendment to New York State regulations would eliminate the “tip credit” for a wide variety of workers....By: Seyfarth Shaw LLP

As we reported in a Hodgson Russ Employee Benefits Newsletter article dated September 30, 2019 titled “IRS Publishes Final Hardship Withdrawal Regulations," the final hardship distribution regulations prescribe dates by which individually designed...By: Hodgson Russ LLP