WorldatWork is the independent, non-partisan authority on topics related to total rewards. The WorldatWork public policy team is responsible for anticipating and addressing regulations and legislation that could affect total rewards and HR professionals. WorldatWork provides official comments, information, data and resources on total rewards to public policy makers in order to help educate, inform and improve public policy impacting total rewards.
Fact Sheet: FLSA Overtime Rule Changes (June 2016)
The final rule on FLSA overtime changes raised the salary threshold level to $47,476 and will be updated every three years. Find out more about the DOL's new overtime requirements and Dec. 1, 2016, compliance deadline.
40 Percent Excise Tax on Employer-Sponsored Health Care Plans ("Cadillac Tax")
On December 18, 2015, Congress passed and the President signed a two-year delay of the 40 percent excise tax on high-cost employer-sponsored health plans, also known as the "Cadillac Tax." This delay was part of a year-end government funding package and changes the effective date from 2018 to 2020. While the tax was originally non-tax deductible, the December 2015 changes make it tax deductible for employers who pay it.
These Web resources can help total rewards professionals stay up-to-date on all activity surrounding the 40% excise tax, its effect on employers, and WorldatWork's efforts to delay and repeal the tax.