On July 13, 2016, the Uniform Law Commission (ULC) passed the Uniform Wage Garnishment Act (the “Act”), which helps put employers one step closer to having a standardized approach for processing wage garnishments across states.
On June 7, 2016, the state of Connecticut enacted Public Act No. 16-125 to recognize payroll cards as a permissible form of wage payment.
On May 27, 2016, Connecticut enacted Act No. 16-29 (HB5591), An Act Creating The Connecticut Retirement Security Program, becoming the fifth state in recent years to require certain employers that do not already sponsor a retirement savings plan to automatically enroll workers in a state-run retirement savings plan.
In early April, the United States Department of Labor (DOL) released a set of final regulations defining who is a “fiduciary” (as a result of giving investment advice) under the Employee Retirement Income Security Act of 1974 (ERISA),