Welcome to GNSA's blog where you can find the most up-to-date information on the topics that are important to you as an Employer--from minimum wage updates to breaking news from the White House--GNSA will keep you informed!
This blog is intended for general information only and not as legal advice.
On October 31st, the IRS modified cafeteria plan "use-it-or-lose-it" rules so that $500 may be carried over from one year to the next in FSA accounts. Under Notice 2013-71, these plans may now be modified so that up to $500 can be carried over to defray qualifying medical costs in the next year.
Two days after we released our last update, the Federal Government posted on the Department of Labor website that although employers are required to provide the model exchange notice to employees, there will be no fine or penalty for failing to provide the notice.
Minimum Wage: Oregon’s Bureau of Labor and Industries (BOLI) announced that effective January 1, 2014, Oregon’s minimum wage will rise from $8.95 to $9.10 per hour. All Oregon employers (other than federal government workers) must post an accurate minimum wage poster, and must display the poster in a conspicuous location as of January 1st 2014. The 2014 poster is now available free of charge on BOLI’s website.