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May 2016 | Issue 05

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DOL Overtime Rule Change

 

On May 18, 2016, the U.S. Department of Labor (DOL) announced the publication of a final rule amending the white collar exemptions to the Fair Labor Standards Act (FLSA). This final rule increases the threshold salary for the exemption to $913 per week ($47,476 per year). Learn More

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2015 Annual Employer Health Survey

 

In 2015, the Kaiser Family Foundation and the Health Research & Educational Trust (HRET) conducted their annual survey to examine employer-sponsored health benefits trends. Learn More

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IRS Expands Tax Relief for Identity Protection

 

Due to growing concerns about data breaches and identity theft, some employers have started offering identity protection services to their employees as a fringe benefit. The Internal Revenue Service (IRS) has issued two pieces of guidance that address the taxability of this benefit. Learn More

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Federal Budget Provides Transit Parity

 

On December 18, 2015, President Obama signed a federal budget bill into law for 2106. This bill increased the maximum monthly tax exclusion for employer-provided mass transit benefits in order to make it equal to the limit for employer-qualified parking benefits. Learn More

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Brady, Chapman, Holland & Associates, Inc.

victoria.kidwiler@bch-insurance.com | www.bch-insurance.com

10055 West Gulf Bank | Houston, TX 77040 | 713.688.1500

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Copyright 2015. All Rights Reserved.

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