Health savings account (HSA) contribution limits for 2020 are going up. The Internal Revenue Service (IRS) recently confirmed a $50 increase for self-only coverage and a $100 increase for family coverage due to annual inflation adjustments. For 2020, the annual limit on HSA contributions will be $3,550 for individuals with self-only coverage and $7,100 for […]
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Category: "Labor Law Updates"
The U.S. Department of Labor recently recently announced a proposed rule to revise federal overtime regulations that would make more than a million new Americans eligible for overtime. Currently, employees with a salary below $455 per week ($23,660 annually) must be paid overtime if they work over 40 hours per week. This proposal would boost […]
Effective March 29, 2019 Michigan’s minimum wage will get its first boost in a series of increases through 2030. Employers will need to begin paying $9.45 per hour for regular employees and $3.60 per hour for tipped employees on this date. As the series of increases continue, you don’t have to take on coming into […]
Senate Bill 1175 requires Michigan employers with 50 or more employees to provide paid sick leave to many full-time employees starting on March 29, 2019. Check out the who, what and when details behind the changes. Who is Eligible Private sector employees that work 25 or more hours per week. Exempt, seasonal and variable-hour employees […]