Employee Benefits Report – August 2020

Short on Funds? When Furloughs Make Sense

closed signFurloughs — mandatory, temporary suspensions from work without pay — have allowed many employers to hold on to their businesses during the coronavirus pandemic.
Read on for details.

The Good News About Retirement Savings in Light of the Stock Market Downturn

coronavirusYour employees have worked hard to save for retirement, but did the coronavirus pandemic wipe out their life savings?
Read on for details.

IRS Health Plan Changes for 2020

IRS buildingThose changes include making it easier to get health care and allowing employees to make mid-year changes to their FSAs if their employers allow it.
Read on for details.

Company Policies Must Now Address LGBTQ Rights in the Workplace

Employers who do not have policies and practices that are inclusive of lesbian, gay, bisexual, transgender and queer (LGBTQ) workers, should craft guidelines addressing the issue. Read on for details.