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),
HEALTH CARE REFORM
The Centers for Medicare & Medicaid Services (CMS) has confi rmed that employers should begin to see Federally
Facilitated Marketplace (FFM) Notices (for the fi rst time in many states) in the coming weeks.
Earlier this month, the United States Department of Labor (DOL) published regulations that modified certain provisions of the Fair Labor Standards Act (FLSA).