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Category Archives: Legislation

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Savings Fitness

Savings Fitness
What is the “Fed,” and What Does a Rate Increase Mean for Me? What is savings fitness? The Federal Reserve System—more commonly known as the "Fed"—is the central banking system of the United States and is the part of the federal government that regulates the country’s financial institutions. Its board of governors oversees its 12…
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Cadillac Tax Delayed

Cadillac Tax Delayed
 Not so fast…see you in 2020 The ACA imposes a 40 percent excise tax on high-cost group health coverage, also known as the “Cadillac tax.” This tax is intended to encourage companies to choose lower-cost health plans for their employees, but also to raise revenue to fund other ACA provisions. What is the Cadillac Tax?…
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Terrorism Risk Insurance Act Reauthorized

Terrorism Risk Insurance Act Reauthorized On January 12, 2015, President Obama signed a bill that reauthorized the Terrorism Risk Insurance Act Reauthorized (TRIA), the federal terrorism risk insurance backstop.  With this signing, TRIA will now be extended through 2020 rather than having expired on the chosen date of December 31st, 2014. TRIA was originally enacted…
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Terrorism Risk Insurance Program Will Expire December 31st

Terrorism Risk Insurance Program Will Expire December 31st In an extremely disappointing development, the U.S. Senate adjourned for the year and concluded the 113th Congress without bringing S. 2244, the “Terrorism Risk Insurance Reauthorization Act,” up for a vote by the full body. This legislation would have extended the Terrorism Risk Insurance Act (TRIA) program for…
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Massachusetts Enacts Paid Sick Leave

Massachusetts Enacts Paid Sick Leave On November 4th, 2014, Massachusetts voters approved a ballot measure to provide earned paid sick leave to employees. Question 4 on the ballot, which is also known as the Massachusetts Paid Sick Days Initiative, passed by a 60 to 40 percent margin which means Massachusetts Enacts Paid Sick Leave. Beginning on…
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