Pension & Benefits NetNews – November 13, 2018

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SSA’s official COLA notice appears in Federal Register

The Social Security Administration’s official announcement that there will be a 2.8% cost-of-living adjustment for social security beneficiaries in 2019 was published in the Wednesday, October 24, 2018, Federal Register (83 Fed. Reg. 53702). The $132,900 tax and benefit base, retirement earnings test exempt amounts, benefit computation formulas, amounts required for a quarter of coverage, […]

DOL issues 2018 annual UC certifications of states under FUTA

The Secretary of Labor has signed the annual 12-month certifications under the Federal Unemployment Tax Act that enable employers that make contributions to state unemployment funds to obtain certain credits against their liability for federal unemployment tax. All 50 states, as well as the District of Columbia, Puerto Rico, and the Virgin Islands, have received […]

NJ DOL issues FAQs on new earned sick leave law

The New Jersey Earned Sick Leave Law takes effect on October 29, 2018. Public Law 2018, Ch. 10, requires every employer to provide earned sick leave to each employee working in New Jersey. The Department of Labor and Workforce Development has issued Earned Sick Leave FAQs to help employers comply with the new law. New […]

Alaska’s minimum wage will increase to $9.89 Jan. 1

The minimum wage in Alaska will increase from $9.84 per hour to $9.89 per hour on January 1, 2019, according to the Alaska Department of Labor and Workforce Development, Division of Labor Standards and Safety. Pursuant to Alaska Statute 23.10.065, the Alaska minimum wage is to be adjusted annually for inflation using the Consumer Price […]

1.5% trigger surcharge in RUIA tax rate for 2019

The Railroad Retirement Board has determined that there will be a 1.5% surcharge added to the basic Railroad UI Act tax rate for established employers beginning January 1, 2019. There was also a 1.5% surcharge in 2018. The rate for new employers will be the average rate for all employers from 2015 through 2017 (RRB […]

IRS issues 2019 COLAs on dollar limitations on pension plans

The Internal Revenue Service has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Many of the pension plan limitations will change for 2019 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the […]

Iowa issues withholding tables for 2019

Iowa has issued new wage-bracket and computer formula withholding tables for wages paid on and after January 1, 2019. The tables are reproduced in this Report at 6248 and 6249. The computer formula is reproduced in this Report Letter on pages 10—12. (Iowa Department of Revenue, Individual Income Tax Withholding Formula, Effective January 1, 2018, […]

Spencer’s Benefits NetNews – November 2, 2018

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Vermont’s minimum wage will increase to $10.78 on Jan. 1

The minimum wage in Vermont will increase from $10.50 per hour to $10.78 per hour effective January 1, 2019. The basic wage for service and tipped employees will increase from $5.25 per hour to $5.39 per hour. The Vermont Wage and Hour Division of the Vermont Department of Labor has updated the Minimum Wage Notice […]