Connecticut employers will save more than $100 million in workers’ compensation costs next fiscal year due to a reduction in assessment rates for the state’s Second Injury Fund. State Treasurer Denise Nappier this week announced a half-point drop in rates. “The rates for insurance companies will decrease from 2.75% to 2.25% for insured employers,” Nappier […]
The state Department of Labor has modified the initial fact-finding hearing for the unemployment compensation claims adjudication process. Employers will no longer receive Form UC-840E, Notice to Employer of Hearing, but will now be mailed Form UC-790, Fact Finding Supplement, and are required to respond in writing within 10 calendar days of when the form […]
As employers across the country celebrate National Small Business Week, the IRS reminds businesses that the passage of the Tax Cuts and Jobs Act may affect their depreciation deductions and taxes. Business taxpayers can generally depreciate tangible property except land, including buildings, machinery, vehicles, furniture and equipment. Changes to depreciation and how they will affect businesses may […]
A legislative committee this week approved broad new mandates on Connecticut employers, including paid family and medical leave and a massive expansion of the state’s paid sick leave statute. The Labor and Public Employees Committee also unanimously passed long-overdue reforms to the state’s unemployment compensation system, although that bill faces significant challenges as it moves to […]
Connecticut employers will see their workers’ compensation insurance premiums decrease in 2018 for the fourth consecutive year. The Connecticut Insurance Department Nov. 6 approved an average 14% rate decrease for workers’ compensation insurance. The rate was based on recommendations from the National Council on Compensation Insurance, which analyzes and recommends rates in more than 40 states. CBIA […]
Connecticut has officially delayed implementation of the state’s controversial retirement plan mandate. The Connecticut Retirement Security Authority board of directors voted last month to delay the Jan. 1, 2018 implementation date set by legislation that narrowly passed the General Assembly in 2016. State Labor Commissioner Scott Jackson, who chairs the CRSA board of directors, released a […]
The U.S. Department of Labor announced Oct. 30 the agency’s plans to review regulations governing overtime eligibility thresholds. DOL issued a Request for Information in July regarding the Obama administration’s controversial overtime rule—published in May 2016—asking for public input on proposed changes. That comment period has ended and the DOL is reviewing those submissions. In […]
Click Here To Download PDF
Dear Business Owners, Lawmakers are considering a budget that expands mandatory family medical leave for all private employers in Connecticut. FMLA will be expanded to include extended family members, including grandchildren, grandparents, and siblings, adding up to 16 weeks of leave each year. This proposal goes into effect October 1, giving you just two weeks to […]
Swimming pool assemblers and athletic agents are among the professionals who will no longer need to obtain state credentials to do their jobs, according to a bill signed by Gov. Dannel P. Malloy into law this week. Senate Bill 191, which takes effect Jan. 1, 2018, phases out occupational licenses for several jobs that don’t […]
 |
 |
 |
 |
 |
|
 |
 |
 |
We accept the following payment:
