Are Paid Sick Leave Policies Subject to ERISA?
Paid sick leave – you either love it or hate it, right? As of this writing, seven states, the District of Columbia, and more than 25 cities and counties have passed paid sick (and often, family) leave laws. However, 14 states have banned cities and counties from adopting such laws. And, paid sick leave is mandatory for federal contractors. Further, a mandated paid sick leave plan or policy is typically subject to the Employee Retirement Income Security Act of 1974 (ERISA), which sets minimum standards for most voluntarily established pension and health plans to provide protection for individuals in these plans. We take an in-depth look at when paid sick leave is subject to ERISA, and how potential benefits may win you over. Click here to learn more.
PDF download: Are Paid Sick Leave Policies Subject to ERISA?
If you have additional questions please do not hesitate to contact us or download our whitepapers – “Harnessing the Power of Supplemental Unemployment Benefit Plans” and “Working the Fringe.”
Please also view our short animated video, to see how constructing a bona fide fringe benefit plan, can move prevailing wage dollars out of payroll and reduce associated costs. Increase profits. Submit more competitive bids. Build employee loyalty.