The City Council of Chicago has passed an ordinance that provides both paid sick leave (PSL) and paid time off (PTO) to most Chicago employees, representing one of the most generous leave laws anywhere in the country. The ordinance, which takes effect on December 31, 2023, will replace the current Chicago PSL ordinance. A previous…

This alert has been updated to include additional information about resources recently published by MN DLI. The Minnesota Department of Labor and Industry (MN DLI) has published several resources to assist employers in complying with the state’s Earned Sick and Safe Time (ESST) law, which takes effect January 1, 2024. A previous alert on MN…

The IRS has announced spending account limits for 2024.

The IRS has announced that the annual PCORI fee, which is imposed on health insurance issuers and self-insured health plan sponsors to fund the work of the Patient-Centered Outcomes Research Institute, will increase from $3.00 per plan enrollee to $3.22 per plan enrollee for plans that end between October 1, 2023 and September 30, 2024.…

The Massachusetts Paid Family and Medical Leave (PFML) program has been amended to allow employees to use their employer-provided, accrued paid leave (e.g., sick time, vacation time, personal days) to supplement their PFML benefits. This change will take effect November 1, 2023. Additionally, new MA PFML contribution and benefit rates have been announced for 2024.…

On September 27, 2023, the Departments of Treasury, Labor, and Health and Human Services (Departments) issued FAQs revoking their non-enforcement policies with respect to two requirements included in the transparency in coverage (TIC) final rules. Background Prescription Drug Machine-Readable File In-Network Rate Machine-Readable File Plan Sponsor Takeaways

This alert has been updated to reflect the fact that SB 616 has been signed into law, and to add detail concerning provisions in the final version of the bill. On October 4, 2023, California Governor Gavin Newsom signed into law SB 616, which had been passed by the California state legislature on September 13,…

On September 13, 2023, the California state legislature passed S.B. 616, which will expand the state’s 2014 paid sick leave (PSL) law if signed into law. Governor Newsom has until October 14, 2023 to sign or veto the bill. Background PSL Amendment

Please note: Starting 9/1/23, Piper Jordan will be sending all compliance alert emails through MailChimp. If you notice that you are not receiving alerts after this date, please check your junk folder and ensure that you have whitelisted piperjordan@piperjordan.com. The IRS has issued Revenue Procedure 2023-29, which establishes the affordability benchmark for employer-sponsored health plans…

Please note: Starting 9/1/23, Piper Jordan will be sending all compliance alert emails through MailChimp. If you notice that you are not receiving alerts after this date, please check your junk folder and ensure that you have whitelisted piperjordan@piperjordan.com. On July 20, 2023, the Centers for Medicare and Medicaid Services issued an open letter to…