A new season of the popular Shipman & Goodwin Podcast, “From Lawyer to Employer” has just dropped and the first episode is right on time to discuss Connecticut’s new Paid Sick Leave law.
On the first episode of the podcast, available on Spotify, Apple Podcasts and wherever you listen to your favorite shows, host and
On January 9, 2024, the U.S. Department of Labor (“DOL”) issued a final rule (“Final Rule”) defining the term independent contractor under the Fair Labor Standards Act (“FLSA”), rescinding the previous definition of independent contractor outlined in 2021 (“2021 Rule”). The Final Rule establishes a six-factor test based on the economic reality of the worker
Today the Internal Revenue Service (IRS) announced the new dollar limits that apply for retirement plans in 2024. These annual limits generally continue to increase (in some cases rather substantially compared to the limits in effect just ten years ago), based on the cost-of-living calculation methodology that is set forth in the Internal Revenue Code.
On August 25, 2023, the IRS delayed the requirement, originally slated to be effective in 2024, that catch-up contributions for higher earners be made on a Roth basis. Now, that provision will be effective in 2026. This applies to 401(k), 403(b) and governmental 457(b) plans.
SECURE 2.0 requires that individuals whose prior year wages exceed $145,000 and
All private Connecticut employers with five or more employees in the state must take action with MyCTSavings by August 31, 2023, whether or not they are required to enroll their employees in that program.
Under a law passed in 2016, Connecticut employers with at least 5 employees must enroll employees in a state-run retirement