DOL Final Rule Blocked: No Salary Level Increase for January 1, 2025
With this decision, the federal court rendered all elements of the Final Rule null and void: the July 1, 2024 salary level increase, the January 1, 2025 salary level increase, and planned future increases for both.
NLRB Targets Non-Compete and “Stay-or-Pay” Provisions
Although the FTC’s attempted nationwide ban on noncompetes was blocked by a Texas federal judge in August 2024, that decision has no impact on the NLRB enforcement of employee rights under the NLRA.
New IRS Benefits Limits for 2025
Each year, the IRS sets new limits for ACA high deductible plans, employee benefits plans, flex plans, and retirement plans. Below is Lake Effect’s ready reference chart showing the Benefits Limits for the 2025 tax year. Download Benefits Table 2024 2025 Flexible Spending Accounts (FSAs) Healthcare FSA max election (per year) (incl. LTD […]
Supporting Employees’ Right to Vote
With November elections just a month away, it is a good time for employers to review relevant policies and legal obligations for employees who seek time off to vote or otherwise participate in the election process. Under Wisconsin law, upon the request of an employee, employers must provide employees who are eligible to vote in […]
Offer A Benefit Packet Employees Value
Today’s workforce is changing rapidly. There are currently five generations in the workforce, mental health benefits are in demand, and employees want benefits that are unique to their own needs. Annually, organizations work closely with their benefits broker to find insurance plans and rates that are within the organization’s budget and cost-effective for employees. Slight […]
Federal Court Vacates 2021 US Department of Labor Final Rule on Tipped Workers
On August 23, 2024, the 5th Circuit Court of Appeals in Texas vacated the US Department of Labor (DOL) 2021 Final Rule which had set strict guidance on the payment of tipped employees. As a reminder, the 2021 Rule had established three different categories of work that may be performed by tipped employees and specified […]
Federal Judge Blocks Nationwide Noncompete Ban
Lake Effect previously blogged about the FTC’s ban on noncompetition agreements. In a game-changing decision for employers, a federal judge in Texas has blocked the FTC’s nationwide ban on noncompetes, which was scheduled to take effect on September 4, 2024. The judge ruled that the FTC lacked substantive rulemaking authority to address unfair methods of […]
FTC Ban on Noncompetition Agreements Takes Effect
As we previously reported, the Federal Trade Commission (“FTC”) issued its final rule on April 23, 2024, banning noncompetition agreements and related provisions. The rule will take effect on September 4, 2024, 120 days after publication in the Federal Register. As of September 4th, employers who have employees under existing noncompete agreements and related provisions, […]
Employers Must Implement First FLSA Exempt Salary Increases on July 1, 2024
Barring a last-minute, successful legal challenge, the Department of Labor’s final rule mandating higher salary levels for exempt employees will take effect Monday, July 1, 2024. On that date, employees whose job duties meet the test for the FLSA’s “white collar exemptions” must be paid a fixed salary of at least $844 per week, or $43,888 per […]
Encourage Employees to Use Their PTO
It’s Good for Them – and Good for Your Organization Paid Time Off policies are designed to provide employees time away from work to recharge, take care of their own well-being, and support loved ones during times of need, yet so often employees do not use all their earned time. According to a Pew Research […]
