Welcome to the Trüpp Legal Corner designed to keep business leaders informed of critical employment legislation and case law.
DOL delays parts of fiduciary rule
The U.S. Department of Labor (DOL) has extended the effective date for “prohibited transaction exemptions” to the retirement plan fiduciary rule to July 1, 2019. The exemptions are related to how fiduciaries are paid for investment advice to retirement plan participants.
Exempt pay minimums set to increase in various states
The DOL’s revision process to the overtime rule is still ongoing, several state-law rates are scheduled to increase in 2018.
NLRB overturns definition of “joint employer”
The National Labor Relations Board (NLRB) has abandoned the broad definition of joint employer, ruling that an indirect control by one organization of another is no longer enough to be considered a joint employer.