Overtime Appeal Oral Argument Scheduled for October 3

On August 11, 2021, the Minnesota Supreme Court issued a decision of significance to any owner or manager of residential properties in Minnesota that employs live-in caretakers or property managers. The court confirmed that such businesses and their live-in employees may enter into agreements that include the payment of rent credits toward employees’ wages, as long as those agreements comply with certain legal requirements.

In April 2005, Ohio enacted tort reform through Senate Bill 80, which substantially changed the landscape of personal injury law in Ohio as it provided a number of new provisions in an attempt to establish reasonable guidelines for awards of punitive damages. One of these changes was the imposition of statutory damages caps and with these changes came many questions, including whether employment cases would be defined as “torts” and be included in the reform provisions.

The Internal Revenue Service (IRS) issued two rounds of guidance modifying the Employee Plans Compliance Resolution System (EPCRS). The IRS guidance gives employers greater flexibility in correcting relatively common operational errors such as benefit plan overpayments, missed deferrals, and automatic enrollment failures. Revenue Procedure 2015-27 addresses overpayments, provides new compliance fees for certain plan loan and required minimum distribution failures, extends the period for distributing excess annual additions, and provides other helpful EPCRS improvements. Revenue Procedure 2015-28, issued less than one week later, provides long-awaited new guidance on automatic contribution failures, including errors attributable to automatic escalation and more lenient approaches for missed deferral errors of limited duration.