News

2021 State Minimum Wage Rates

The current federal minimum wage rate is $7.25 per hour. However, many states have adopted minimum wage rates higher than the federal rate. Several states have announced new minimum wage rates for 2021.  Refer to the attached compliance overview for…
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SBA Issues New FAQs for Paycheck Protection Program Loan Forgiveness

On Oct. 13, 2020, the Small Business Administration (SBA) published a new set of answers to frequently asked questions about the forgiveness of loans issued under the federal Paycheck Protection Program (PPP). The PPP was created by the Coronavirus Aid,…
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SBA Announces Simpler PPP Loan Forgiveness for Smaller Loans

The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simple two-page application is for borrowers of $50,000 or less, and…
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Maine Issues Rules Governing New Earned Employee Leave Law

The Maine Department of Labor has issued regulations governing the state’s new Earned Employee Leave Law (EELL), which allows eligible employees to earn one hour of paid leave that may be used for any reason for every 40 hours worked,…
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2020 Employer Health Benefits Annual Survey

Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefits trends. Some specific highlights of the survey include: In 2020, the average premium rose by 4% for both single coverage and family coverage. The average worker…
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Salary Basis Requirement and Exemptions Under the Fair Labor Standards Act (FLSA)

The below fact sheet provides information on the salary basis requirement for the exemption from minimum wage and overtime pay provided by Section 13(a)(1) of the FLSA as defined by Regulations, 29 C.F.R. Part 541. The FLSA requires that most…
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IRS Provides Transition Relief for 2020 ACA Reporting

On Oct. 2, 2020, the Internal Revenue Service (IRS) issued Notice 2020-76 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2020 from Feb. 1, 2021, to March 2, 2021; and Provide a final extension…
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OSHA Clarifies COVID-19 Reporting Requirements

The Occupational Safety and Health Administration (OSHA) has published two additional answers to its list of COVID-19 frequently asked questions (FAQs). The new answers clarify when employers must report COVID-19 in-patient hospitalizations and fatalities. These FAQs address only reporting requirements…
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Northeast Delta Dental Announces Small Group Rate Hold

Northeast Delta Dental announced they received DOI approval to match the 2019 rates for their community-rated small groups in the NextGen program with 2-100 enrolled. Contact your NEEBCo representative with questions.  
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ACA Pay or Play Penalties Will Increase for 2021

On Aug. 19, 2020, the IRS updated its FAQs on the pay or play penalties to include the following increased penalty amounts for the 2021 calendar year: The Section 4980H(a) penalty can apply when an ALE does not offer coverage…
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DOL Issues New FAQs on FFCRA Leave and Return to School

The U.S. Department of Labor (DOL) has published new frequently asked questions (FAQs) about whether employees qualify for paid leave under the Families First Coronavirus Response Act (FFCRA) in different school reopening situations, including those that blend in-person with distance…
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IRS Offers Guidance on COVID-19 Employee Leave-sharing Plans

In recently issued frequently asked questions (FAQs), the IRS said employers may set up leave-sharing plans under IRS Notice 2006-59 to benefit employees adversely affected by COVID-19. The FAQs explain that leave-sharing plans permit employees to deposit leave in an…
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