News & Analysis as of

Consolidated Omnibus Budget Reconciliation Act Layoffs Employee Benefits

Fisher Phillips

5 Things Employers Should Know About COBRA and Severance Agreements as Layoffs Loom

Fisher Phillips on

As we edge into the second quarter of 2024, we continue to see a steady stream of layoff announcements — and employers are still feeling the fallout of pandemic-related hiring frenzies, unpredictable economic conditions, and...more

Amundsen Davis LLC

As Talk of the Economy Cooling Persists, Employers are Reducing their Workforces

Amundsen Davis LLC on

As talk of an economic slowdown persists, so have the number of layoff an- nouncements hitting the news. While the last quarter of 2022 saw the technology and financial sectors lay off thousands of workers, in 2023, this...more

Goodwin

Benefit Plan Considerations for Employers in a Market Downturn

Goodwin on

​​​​​​​When markets are unpredictable, employers may be required to make business decisions that can have unanticipated effects on their retirement and health and welfare benefit plans. Employers should keep the following...more

Lasher Holzapfel Sperry & Ebberson PLLC

EMPLOYMENT LAW ALERT: ARPA Updates To COBRA

On March 12, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). Importantly for employers, under the ARPA, any employee who is eligible for continuation of health insurance benefits pursuant to the...more

Perkins Coie

Variable Hour Employee Benefits Eligibility under COVID-19

Perkins Coie on

Are Employees Receiving a Lavish Gift This Holiday Season or an Unintended Lump of Coal in Their Stockings? COVID-19 has forced many employers to make unanticipated changes to their workforce, with many retailers rolling...more

Carlton Fields

Three Timely Benefits Items Everyone Should Know

Carlton Fields on

Carlton Fields tax attorney Lowell Walters discusses three timely employee benefits issues: using employee benefits to reduce expenses; helping retirement plan participants in an inconsistent investment market; and, the...more

Troutman Pepper

COVID-19 Resource Guide for Human Resources Professionals: Employee Benefits Considerations for Reopening in 2020

Troutman Pepper on

COVID-19 continues to throw us curveballs. While some states that were continuing on their path to recovery are having to backtrack, others have managed to temporarily halt the progression of COVID-19 and are proceeding as...more

McGlinchey Stafford

Employers: Benefits Considerations Post-Pandemic [More with McGlinchey Ep. 3]

McGlinchey Stafford on

During the Coronavirus, it’s been fun working from home, but many are returning to the trenches. One of the issues we need to take a look at is employee benefits. In this episode, McGlinchey Labor & Employment team members...more

Foley & Lardner LLP

Do We Need a Plan Amendment for That? Top FAQs to Decide

Foley & Lardner LLP on

Since the start of the COVID-19 pandemic, we have gotten daily calls and emails from our clients asking how furloughs, layoffs, the CARES Act, and a host of other pandemic-related changes affect the benefit plans that they...more

Epstein Becker & Green

New COBRA Notices & Extended Deadlines May Create Traps for the Unwary: Benefits Guidance in the Time of COVID-19

Epstein Becker & Green on

The economic downturn caused by COVID-19 pandemic has resulted in an unprecedented number of layoffs, furloughs, and reduced hours. Under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)...more

Dentons

Benefits During a Furlough/Layoff

Dentons on

Amidst the COVID-19 pandemic, we have fielded a number of questions regarding the terminology used during temporary inactive periods for an employee during the pandemic, specifically: is it a furlough or layoff?  ...more

Jaburg Wilk

The Shared Work Program is Another Option for Employers

Jaburg Wilk on

One of the new programs under the CARES Act legislation is the Shared Work Program. The concept is fairly simple. Rather than furloughing or laying off an employee, an employer may instead reduce the number of hours each...more

Bricker Graydon LLP

What all employers are asking about health and retirement benefits during COVID-19

Bricker Graydon LLP on

Employers are trying to be as generous as possible during the interruption to normal operations caused by COVID-19, including by keeping benefits in place even when salaries are out of the question. Every penny and decision...more

Davis Wright Tremaine LLP

COVID-19: Benefits FAQs for Health and Welfare Plans

Employers impacted by COVID-19 have a variety of questions regarding the situation’s effect on employee health and welfare plans - particularly on how to maintain compliance with state and federal regulations....more

Bass, Berry & Sims PLC

COVID-19: Health and Welfare Plan Issues

Bass, Berry & Sims PLC on

This set of FAQs is part of a series dealing with the impact of COVID-19 on businesses. Government-mandated protocols and social distancing directives as a result of the COVID-19 pandemic have led to significant business...more

Verrill

Paying Health Insurance Premiums for Furloughed or Laid Off Employees

Verrill on

Employers of all sizes in nearly every industry have had to lay off or furlough employees in an attempt to deal with the massive business disruptions caused by the spread of COVID-19. Facing this reality, many employers have...more

Constangy, Brooks, Smith & Prophete, LLP

Benefits Considerations In Light Of Changing Employment Conditions And The COVID-19 Pandemic

In light of the current COVID-19 health care crisis, employers are considering numerous options in the face of closed businesses and reduced income. These considerations include reducing employee work hours, furloughing...more

Mintz - Employment Viewpoints

COBRA Coverage – FAQ for the COVID-19 Economy

Given the possible health impacts of COVID-19, maintaining access to health care and insurance coverage is front of the mind for just about everyone. Continuation coverage under COBRA offers employees a route to continue...more

Jackson Lewis P.C.

Employee Benefits Issues To Consider Before Deciding To Furlough Or Terminate Employees During The COVID-19 Pandemic

Jackson Lewis P.C. on

With the combination of our nation’s response to COVID-19 and the resultant economic downturn, employers of all sizes face the moral and financial dilemma of evaluating employee headcounts while businesses are grappling with...more

Poyner Spruill LLP

Work in the Time of COVID-19: FAQs for Employers

Poyner Spruill LLP on

Employee Benefit Questions - If I furlough or lay off employees, can I continue some or all of their benefits during the leave? There may be ways to continue some or all benefits during a furlough or layoff.  Each plan...more

Holland & Knight LLP

A Contractor’s Guide to the Impending Government Shutdown

Holland & Knight LLP on

With less than a day before the federal government's appropriated funding runs out, confidence in avoiding a potential shutdown is waning. Because of that, contractors should exercise prudence and immediately begin...more

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