Because widespread, rapid COVID-19 testing remains unavailable in many locations, universities have had to find innovative ways to implement testing, tracing and isolation protocols to reduce the risk of transmission among students, faculty and staff. There is no one perfect protocol—all universities are in unchartered waters. But there are a few key components university administrators […]

The post The Toughest Problem Set: Navigating Regulatory and Operational Challenges on University Campuses appeared first on EMPLOYEE BENEFITS BLOG.

The Coronavirus Aid, Relief and Economic Security (CARES) Act, passed by US Congress in March in response to the COVID-19 pandemic, permits a “qualified individual” to increase the amount they can borrow from a 401(k). Such individuals may borrow 100% of their account balance up to $100,000 (less any outstanding loans). The deadline for taking […]

The post Last Chance for Enhanced COVID-19-Related 401(k) Loans: September 22 appeared first on EMPLOYEE BENEFITS BLOG.

What do unused paid-time-off (PTO) days, student loan debt and the coronavirus have in common? An opportunity for employers to provide financial relief to employees who are increasingly putting off vacations due to the COVID-19 pandemic. In a recent article by the Society of Human Resource Management, Jeff Holdvogt, a partner in McDermott’s Chicago office, […]

The post Using Paid Time Off Funds to Provide Student Loan Relief to Employees appeared first on EMPLOYEE BENEFITS BLOG.

COVID-19 safety plans are a way for employers to demonstrate to their employees, the public and, in certain cases, state governments that they have considered the risks associated with COVID-19 in their workplaces and have developed a response to these concerns. The plans establish and explain the policies, practices and conditions necessary to meet the […]

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Many employers who recently reopened are now facing a new challenge—employee off-duty conduct. At stake are both workplace and customer safety as well as the company’s reputation. A recent webinar featuring McDermott’s Michael Sheehan, Ron Holland, Abigail Kagan and Brian Mead covers various scenarios employers are likely to face and provides practical strategies to navigate […]

The post Off-Duty Conduct: COVID-19 and Social Media Ranting—What’s an Employer to do? appeared first on EMPLOYEE BENEFITS BLOG.

On August 3, 2020, the US District Court for the Southern District of New York struck down four parts of the US Department of Labor’s (DOL) Final Rule implementing the Families First Coronavirus Response Act (FFCRA). A copy of the court’s ruling is available here. The FFCRA provides COVID-19-related sick leave and family leave to employees of businesses with […]

The post SDNY Vacates Portion of DOL Final Rule on Families First Coronavirus Response Act appeared first on EMPLOYEE BENEFITS BLOG.

One round of layoffs is bad enough for rank-and-file morale. Subsequent layoffs can be even tougher on remaining employees, who may mourn the loss of their colleagues and wonder if they will be next. Employers can take steps to limit the damage and avert potential liability problems before and during the layoff process. Open communications […]

The post How Do You Handle More Layoffs? appeared first on EMPLOYEE BENEFITS BLOG.

Prior to the pandemic, ultra-low unemployment at roughly 3.3% put a spotlight on ‘lifestyle benefits’ for employees such as gym memberships and pet sitting. When the COVID-19 crisis hit, the focus immediately shifted for many plan sponsors. Some employers are now offering high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). Scaling back on […]

The post It’s Back to Basics for Employee Benefits Priorities appeared first on EMPLOYEE BENEFITS BLOG.

Employers in Spain are contending with the ongoing effects of the coronavirus pandemic, which continues to raise health and safety concerns. A resurgence of COVID-19 cases in July prompted some parts of the country to re-implement restrictions that had been lifted earlier. “Spain was among the countries hit hardest by the coronavirus,” said Brian Cousin, […]

The post In Spain, Employers Contend with Pandemic’s Changing Impact appeared first on EMPLOYEE BENEFITS BLOG.

Imagine if you were playing on a baseball team and the opposing players argue that you are violating the rules of soccer. That’s what it’s like when private parties and the Department of Labor (DOL) challenge Employee Stock Ownership Plan (ESOP) valuations. Plaintiffs play a very different valuation ballgame, which confounds experts who go up […]

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