Federal Article Feeds Week in Review (May 18, 2007)
Most Popular Federal Law Article
New Regs Require Action By Year-End (pdf).
On April 17, 2007, the Treasury Department released final regulations interpreting the nonqualified deferred compensation requirements of Section 409A of the Internal Revenue Code. Nonqualified deferred compensation that fails to satisfy the requirements of Section 409A is subject to punitive tax treatment and penalties.
Located On: Fisher & Phillips, LLP
Most Popular State Law Article
Washington Enacts Paid Family Leave Law.
Making Washington the second state to mandate paid family leave, Governor Christine Gregoire has signed a bill directing an as yet undesignated state agency to establish and administer the family leave insurance program slated to begin on October 1, 2009. Under the new law, approved on May 8, 2007, employees in the state are entitled to up to five weeks’ paid family leave “because of the birth of a child of the employee and in order to care for the child,” or “because of the placement of a child with the employee for adoption.” The law also provides certain employees with re-employment after taking leave.
Located On: Jackson Lewis LLP
Most Popular Headlines
How to deal with a toxic ‘Frankenboss’
Daily Herald - May 14, 2007