As 2018 is coming to a close, we want to look at some of the changes that have occurred in Labor Laws. Employers, and employees, always want to be aware of any changes in labor laws. This may be difficult to do, but we at Fanning Law are certainly there for you to assist you in your legal matters. Below, you can see the top four (4) changes in labor laws you may want to be on the lookout for:
Higher Minimum Wage
This is what it says on the can. Minimum wages are increasing, at least within different states. The federal minimum wage has been $7.25 an hour since 2009. In the state of Maryland, the minimum wage is now set at $10.10 an hour, as of July.
Review of the FMLA Forms
The Department of Labor actually extended the expiration date to May 2018—all the way back in 2015—after making some changes to model FMLA forms, with the updated version including a reference to the Genetic Information Non-discrimination Act. With the model forms supposed to be expired as of this post, there may be updates on the horizon for future employee leave requests, and employers want to always use the most current forms available.
Retirement Plan Contribution Limit Increase
Last year, the IRS announced a higher cap on contributions that would affect limitations for pension plans and other retirement-related items—the changes were to go into effect in the 2018 tax year. For Maryland, the taxable wage base will increase, as well as elective deferral increases for defined benefit plans, simplified employee pensions, individual or solo 401(k) plans, 403(b) and most 457 plans, and the federal government’s Thrift Savings Plans.
For Some, Paid Family Leave
In the state of Maryland, new legislation gives state workers sixty (60) days of parental paid leave after the birth of or adoption of a child. New York will become the most recent state to implement laws guaranteeing paid leave to new parents in 2018.
For the complete article and listing, please check out the article, ‘Labor Law Changes for 2018,’seen here: https://www.efficienthire.com/labor-law-changes-2018/
FANNING LAW, LLC CAN HELP
We assist individuals and families with family law issues and other legal concerns in Southern Maryland, Washington DC, and throughout the region. For more information about how Fanning Law, LLC can help you and your family, contact Bill Fanning at Fanning Law, LLC - The Offices of William C. Fanning, Jr. - 301.934.3620 or at www.fanninglawllc.com.