New Federal Law Alert
By now, you have probably heard that a new federal law providing emergency sick time and paid leave related to coronavirus has been signed into law. Because things have been moving so rapidly, there has been little guidance on how this law will actually be implemented with regard to your unionized employees. PMCA has been working around the clock with its attorneys, lobbyists, and HR professionals to get you accurate and up-to-the-minute guidance. Here are some key takeaways:
The new requirements do not go into effect for 15 days. During that time, PMCA will be working with its professionals to determine whether your contributions to Local 290’s benefit plans satisfy the portion of the law providing that an employer can satisfy its new obligations by contributing to a multiemployer benefit plan. Please stay tuned.
The law provides for tax credits to offset any paid leave obligations you incur under the new requirements.
The law applies to employers with fewer than 500 employees.
Here is a summary of the new law from the International Foundation of Employee Benefit Plans:
Please stay tuned for further updates, and thanks for your patience while we all puzzle through the new requirements together.
