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Thursday 25 February 2021 Employers face uncertainty over the expiration of COVID-19 relief that the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) published in a joint directive on May 4, 2020. The joint guidelines require that employee benefit plans take or suspend certain deadlines during the “epidemic period,” which the guidelines …

Senator Mitt Romney’s family allowance proposal is garnering support from a variety of sources. Earlier this month, the junior Utah Senator, a Republican, unveiled a plan to send families a monthly check of $ 350 for preschoolers and $ 250 for school-aged children. As the Deseret News reported, his proposed Family Security Act would consolidate …

ICICI Lombard General Insurance has partnered with Flipkart to provide clients with Hospicash Insurance, a fixed benefit plan, known generically as the Hospital Cash Plan. Sanjeev Mantri, Executive Director of ICICI Lombard, said: “This is an affordable offering that can help clients cover their daily incidental expenses while in hospital. A number of these plans …

Thursday, February 18, 2021 A series of recent laws and IRS guidelines promise to make 2021 an active year for any employer looking to offer their employees a competitive range of benefits. My list of the “Top 5” employee benefits that an employer should introduce or improve in 2021, to improve retention and / or …

A series of recent laws and IRS guidelines promise to make 2021 an active year for any employer looking to offer their employees a competitive range of benefits. My list of the “Top 5” benefits that an employer should introduce or improve in 2021, to improve retention and / or recruitment, is presented below: Repayment …

In addition to the well-known provisions on business loan programs, paid vacation and individual stimulus checks, the CARES Act included certain elements related to qualified pension plans – 401 (k), 403 (b) and government 457 ( b) – such as authorizing distributions related to the coronavirus, modifying the rules relating to participant loans and minimum …