Labor Days
Illinois Cannabis Law, Amended: What Employers Should Know
In June 2019, the Illinois’ Cannabis Regulation and Tax Act (HR1438) (“Cannabis Act”) was signed into law, legalizing the use and possession of recreational cannabis for adults age 21 or older beginning January 1,…
WEBINAR: Politics In The Workplace
On Wednesday, December 4th, Barbara Hoey, Co-Chair of Kelley Drye’s Labor and Employment Practice and David Frulla, Chair of the firm’s Campaign Finance and Political Law Practice hosted a one hour webinar focused on…
Remedial Amendment Period for 403(b) Plans ending on March 31, 2020
March 31, 2020 is the deadline for retroactively correcting most 403(b) plan document defects that occurred on or after January 1, 2010. These defects can be corrected by amending an individually-designed 403(b) plan…
It Starts at the Top
What’s happening at McDonald’s should serve as an important lesson for many employers. In the past two weeks, it was reported that its CEO resigned or was terminated (depending on what news outlet you read) because he…
IRS Issues Final Hardship Distribution Rules
The Internal Revenue Service has recently issued final regulations easing requirements for hardship distributions from 401(k) and 403(b) plans. The final regulations reflect a number of statutory changes, including…