Current Knowledge: Compliance Update
Swiss pension reform in 2022 continues to be discussed by the government and the goal is to reduce the conversion rate from 6.80% to 6.00%.... Read More
The ACA prohibits group health plans and insurers from rescinding coverage except where there is fraud or an individual makes an intentional misrepresentation of material... Read More
A new labor law will change the UAE’s end-of-service gratuity calculation beginning February 2022. The law presents no dramatic legislative changes but is seen to... Read More
This German pension update for employers in 2022 involves the Law to Strengthen Occupational Pensions (BRSG) which came into effect on January 1, 2018. As... Read More
The Dutch Ministry of Finance recently announced the 2022 pension scheme deductible (AOW-franchise) as well as the maximum pensionable salary. The standard deductible (AOW-franchise) for... Read More
In response to new U.S. legislation requiring brokers and carriers to disclose commissions, Asinta queried its employee benefits consulting Partners from around the globe to... Read More
Japan recently amended its Act on Child and Family Care Leave to expand childcare leave entitlements in the country. A significant feature of the amendment... Read More
On November 4, 2021, the Occupational Safety and Health Administration (OSHA) issued the COVID-19 Vaccination and Testing Emergency Temporary Standard (ETS). The ETS was stayed... Read More
The Netherlands government announced that Dutch pension reform is delayed to 2023. Originally slated to go into effect in January 2022, the complexity of the... Read More
Mexico’s government recently made a series of legislative changes impacting corporations who use outsourcing to supplement their workforces. ‘Outsourcing personnel’ is prohibited, while the ‘subcontracting... Read More
German employers have several news items to be aware of this month. The topics include the prevalence of company pensions in Germany, earning points for... Read More
On December 31, 2020, the Brexit transition period ended, and the provisions of the UK-EU Trade and Co-operation Agreement took effect. Chapter 7 of the... Read More
In September 2020 paternity leave in Switzerland was officially voted into law by its citizens (60.3% approved). As of January 1, 2021, working fathers are... Read More
Spain has new limits on the reduction of the taxable amount for contributions to its pension system. This includes qualified pension plans and company social... Read More
This Alert is the last in a series of four Alerts on the year-end Appropriations Act (the Act) provisions that directly impact employer-sponsored group health... Read More
Paternity leave in Spain saw an increase this year as a result of RD-Law 6/2019 of Urgent Measures. The law guarantees equal treatment and opportunity... Read More
Maternity leave in Hong Kong got a boost in July 2020 from Hong Kong’s Employment (Amendment) Bill 2019. The Bill introduces amendments to the Employment Ordinance to extend... Read More
Swiss pension increases are coming on January 1, 2021. The Swiss Federal Council decided on these measures at its meeting this October. The minimum AHV... Read More
California Expands Supplemental Paid Leave for COVID-19 On September 9, Governor Newsom signed AB 1867. AB 1867 codifies the supplemental leave previously required for food... Read More
IRS Releases 2021 Affordability Percentage for Premium Tax Credits This week, the IRS released Rev. Proc. 2020-36, which includes the updated percentage for 2021 to... Read More