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IRS Issues Guidance on Federally Funded COBRA Premium Subsidy: FAQs and What You Need to Know | Troutman Pepper

On March 25 and April 15, Troutman Pepper reported on the 100% federally funded COBRA premium subsidy included in the American Rescue Plan Act (ARPA), noting the need for additional. ....

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B. David Joffe Employment Attorney Bradley Nashville

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New Cybersecurity Guidance Applicable To Employee Benefit Plan Contracting - Employment and HR

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Many issues keep employee benefit plan administrators,
committees, and sponsors (plan fiduciaries) awake at night, but
cybersecurity is especially troubling for many reasons. Employee
benefit plans face significant cybersecurity threats and, given the
incredibly significant amount of assets involved, the consequences
of even one single attack can be devastating. Further, plan
fiduciaries can have the best cybersecurity procedures in place for
their own internal systems, and yet the plan or a plan participant
can still experience a cyber-breach because of the numerous
interfaces the plan has with third parties, such as record-keepers, ....

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Having an IPS Doesn't Necessarily Increase Plan Sponsor Liability

Having an IPS Doesn’t Necessarily Increase Plan Sponsor Liability
A properly drafted investment policy statement can offer guidelines and protection for plan sponsors if it is followed.
Reported by
Retirement plan sponsors aren’t required by the Employee Retirement Income Security Act (ERISA) to have an investment policy statement (IPS), but it is considered a prudent practice.
However, Bruce Ashton, a partner in the Faegre Drinker Biddle & Reath LLP Employee Benefits and Executive Compensation Practice Group, says he’s heard some plan sponsors say they don’t want an IPS because it will increase their liability. “I don’t think that’s true,” he says. “The issue is what’s in the IPS and whether plan fiduciaries are following it. For example, if the IPS has a policy in it that is not a prudent process and it gets followed, that could increase liability significantly. Likewise, if it prescribes an array of prudent processes and fiduciaries don’t f ....

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Mexico: COVID-19 - Mexican government on verge of imposing new teleworking obligations on employers

Definition of teleworking (home office)
Work supervised through electronic means or teleworking is a labor arrangement in which the employer supervises the employee, working from a location other than the employer’s physical workplace, through specific mechanisms. The physical presence of the employee is not required within the workplace. Teleworking is characterized by its reliance on IT equipment, and it uses information and communication technologies to facilitate contact and instruction between the employee and the employer. If the employee does not use IT equipment and is not under the employer’s direct supervision, the working arrangement falls under the “home working” category. ....

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