legal alert

COVID-19 Update Employee Terminations, Furloughs, and Lay-offs: COBRA, Reinstatement, and Closed Businesses

April 10, 2020
This alert was updated on 04/10/20.  As much of the country is locked-down due to coronavirus 19 (COVID-19), employers have concerns regarding their employee benefit programs. This may stem from a reduction in hours and, unfortunately, from terminating, furloughing, or laying-off employees... Find out more »
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COVID-19 and DCAPs, FSAs, and Transit Benefit Concerns

This alert was updated on 5/13/2020. In the wake of the COVID-19 pandemic, many employers are dealing with how to handle employees requesting to make changes to their Section 125 or Cafeteria Plan elections. For instance, an employee's Dependent Care Assistance Program (DCAP) election... Find out more »
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Legal Alert: Collecting Premiums During Employee’s Leave of Absence

This article was last reviewed on April 10, 2020. When an employee takes an unpaid leave of absence, the question arises on how an employer should collect benefit premium payments to continue benefits during that time. The only regulatory guidance on this comes from the original Family and... Find out more »
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Notice for NY Life Policies, Annuity Contracts, and Fraternal Benefit Society Certificates

April 7, 2020
Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights... Find out more »
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Notice for Certain NY Property & Casualty Policies

Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights... Find out more »
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Legal Alert: The CARES Act – Retirement Plan Provisions

April 1, 2020
On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The CARES Act includes several provisions impacting retirement plans. Withdrawal Provisions The CARES ACT waives the 10% early withdrawal penalty tax on “Coronavirus Related... Find out more »
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Legal Alert: Congress Passes the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act comes as a continued response to the Coronavirus 2019 (COVID-19) pandemic that is significantly impacting the United States. The Act is a $2.2 trillion economic package that... Find out more »