News & Analysis as of

Employer Liability Issues Profit Sharing

Skadden, Arps, Slate, Meagher & Flom LLP

Employment Flash - March 2024

In this issue of Employment Flash: the new DOL rule on independent contractors, SCOTUS’s unanimous Sarbanes-Oxley whistleblower ruling, plus labor law developments in California, Delaware, D.C., New York, the EU, Germany and...more

McDermott Will & Emery

Annahmeverzugslohn und Anrechnung von anderweitigem Erwerb – Tipps für die Praxis

Grundsätzlich gilt: Ohne Arbeit kein Lohn. Eine Ausnahme ist der Annahmeverzugslohn (siehe auch HR-News Beitrag vom 17. Oktober 2023: „Annahmeverzugslohn: Nur noch stumpfes Schwert im Kündigungsschutzprozess?“). Diesen muss...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

For Employers in Mexico, the Countdown for Distributing Profit-Sharing Payments Begins: 9 Frequently Asked Questions

As May 30, 2023, approaches, so does the deadline for employers in Mexico to comply with the obligation of calculating and distributing profit-sharing (PTU) payments to employees. The following answers to nine frequently...more

White & Case LLP

Value-sharing within a company: upcoming changes

White & Case LLP on

On 10 February 2023, the national social partners concluded an interprofessional collective bargaining agreement ("ANI") on value-sharing, which has since been signed by the majority of the representative unions....more

White & Case LLP

The main social measures introduced by the law of August 16, 2022 on emergency measures to protect purchasing power and the...

White & Case LLP on

Law no. 2022-1158 of August 16, 2022 and the Amending Finance Law for 2022 provide for various measures directly involving the employer, with the objective of limiting the impact of inflation on household budgets....more

Faegre Drinker Biddle & Reath LLP

New Stats on Employer Retirement Plans

On June 8, 2022, the Congressional Research Service published “Private-Sector Defined Contribution Pension Plans: An Introduction.” We reviewed the report and wanted to highlight a few key data points. Defined contribution...more

Amundsen Davis LLC

7th Circuit Allows USERRA Class Action To Proceed

Amundsen Davis LLC on

Commercial air pilot and Air Force reservist Eric White filed a class action against United Airlines under the United Services Employee and Reemployment Right Act (USERRA) claiming United violated USERRA by not providing paid...more

Seyfarth Shaw LLP

Your Mexican Workforce Structure May Soon Require Reform

Seyfarth Shaw LLP on

Global employers may soon be faced with significant changes to their Mexican workforce structure as a result of proposed legislation banning outsourcing of personnel. ...more

Holland & Knight LLP

Fortalecimiento en las Inspecciones Laborales con la Nueva Administración

Holland & Knight LLP on

Como parte de su proyecto de gobierno, el virtual Presidente Electo Andrés Manuel López Obrador ha planteado la necesidad de fortalecer las inspecciones laborales para verificar el cumplimiento de las obligaciones patronales....more

Holland & Knight LLP

New Mexico Administration Plans to Strengthen Labor and Employment Audits

Holland & Knight LLP on

As part of his government plan, new Mexico President-Elect Andrés Manuel López Obrador is going to strengthen the audits for employers to verify their compliance with employment laws. The new administration specifically will...more

Nexsen Pruet, PLLC

Tax and Employee Benefits Alert: Important April 30, 2016 Deadline to Adopt Updated Pre-Approved Defined Contribution Retirement...

Nexsen Pruet, PLLC on

All employers who are using a pre-approved form for their 401(k), profit sharing, or other defined contribution plan must sign updated documents on or before April 30, 2016 to preserve the tax-qualified status of the plan. ...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The DOL script Plan Sponsors don’t want to hear

I have a client who had been undergoing a Department of Labor (DOL) audit. Their mistake? Years ago, a former participant asked for a distribution from this trustee directed profit sharing plan (so no 401(k)) and my client...more

Sheppard Mullin Richter & Hampton LLP

Mexican Federal Labor Law Reform: What Companies Doing Business in Mexico Need to Know

Mexico’s new Federal Labor Law (FLL) took effect on December 1, 2012. The reform seeks to modernize Mexico’s labor law. The new FLL’s major, employment related amendments include increased regulation of outsourcing jobs,...more

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