Why is it so important to post labor law posters? Labor law posters define those federal and state employment-related laws that all employers must comply with in their place of business. In addition, employers are responsible for making sure that the posters are posted in an area where all employees have access to read them.
Did you know that as of 8/1/16, the labor law posters that you have posted in your place of employment became out-of-date? Yes, there were federal changes to that poster that require employers to obtain new posters in order to remain compliant. So, what were those changes?
Effective July 1, 2014 – in Indiana – an officer of a corporation CAN NOW elect to be excluded from workers compensation coverage. An officer exclusion form needs to be completed and forwarded to the insurance carrier. If the policy is currently in force, an exclusion form can be completed and the officer will be excluded effective July 1, 2014.
Potential 2015 FUTA Credit Reduction States
The Federal Unemployment Tax Act (FUTA) has always been an odd payroll tax. The Act states that the FUTA rate is 6.0%, but feeling magnanimous, the Feds grant you a credit of 5.4%. So really the rate that most employers face is 0.6%.
Sponsors of group health plans that provide prescription drug coverage…
Sponsors of group health plans that provide prescription drug coverage must notify Medicare-eligible participants and beneficiaries as to whether the drug coverage offered is “creditable” or “non-creditable” prior to October 15th.