Insider banner: Aerial view of a forest meeting water's edge

Willis Towers Watson Insider covers health care and retirement benefit regulations, case law and policy, along with historical trends and future directions. This issue focuses on the Department of Labor’s proposed higher salary thresholds for the overtime pay exemption, IRS guidance for tax-exempt organizations regarding the 4960 excise tax on excess compensation and the federal poverty guidelines for 2019.

Proposed regulations would increase salary thresholds for overtime pay exemption

All employers will need to examine the effects of the new thresholds and rules on their pay practices to ensure compliance once the regulations take effect, which is expected to be in 2020. Read more.

IRS provides guidance to tax-exempt organizations in applying new 4960 excise tax

The interim guidance applies to the excise taxes imposed on excess compensation paid by tax-exempt organizations to covered employees. Affected organizations might want to consider planning opportunities that could mitigate the effect of the new tax. Read more.

HHS announces 2019 federal poverty guidelines

Employers that use the federal poverty level (FPL) affordability safe harbor to comply with the Affordable Care Act employer mandate should begin applying the 2019 guidelines when appropriate. Read more.