Reopening New York — Reviewing Your Company’s Retirement Plans
October 21, 2020
By: Aaron M. Pierce
As a bonus to Bond’s October 20 webinar about the evolving legal implications of COVID-19 for business, Aaron Pierce, an attorney with Bond’s employee benefits and executive compensation practice, recorded a short video explaining why employers need to review their retirement plans before the end of the year if they’ve had an unusually high rate of employee turnover in 2020 due to COVID-19. In certain circumstances, those plans might be subject to “partial-termination” rules.
The full presentation covered the following topics:
- Relief Program and Year-End Planning
- New York Paid Sick Leave – NYS Ordinance Amendments and NYS Update
- CARES Act Litigation – Update on Theories and Claims
- Furloughs/RIFs – Impact on Retirement Plans
- Update from Albany
Click here to view the webinar in its entirety or to register for upcoming Tuesday presentations.