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February 1, 2021 – OSHA 2021 Civil Penalty Adjustments

February 1, 2021

  U.S. Department of Labor Annual Adjustment to OSHA Civil Penalties February 1, 2021  |  A review by IBTX Safety   In November 2015, Congress enacted legislation requiring federal agencies to adjust their civil penalties to account for inflation. The Department of Labor is adjusting penalties for its agencies, including the Occupational Safety and Health …

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January 27, 2021 – Opt-Out Arrangements: Employer Compliance Considerations

January 27, 2021

  Opt-Out Arrangements: Employer Compliance Considerations Wednesday, January 27, 2021   Employers are often looking for ways to manage rising health care costs.  One common approach they may consider is offering an opt-out arrangement to their employees.  In such an arrangement, an employer offers a financial incentive or an opt-out payment to employees who waive …

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December 16, 2020 – OSHA’s New Site-Specific Targeting Directive

December 16, 2020

  US Department of Labor Implements Inspection Program to Target Workplaces with Highest Injury & Illness Rates OSHA’s New Site-Specific Targeting Directive | December 16, 2020   The DOL announced today that OSHA will be updating their inspection program to focus on directing resources to those companies that have the highest rates of injuries and …

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December 7, 2020 – PPP Loans Maturities and the Surety Perspective

December 7, 2020

  PPP Loan Maturities and the Surety Perspective December 7, 2020 | By Drew Addison   We’ve reached the point of the loan life cycle of the Paycheck Protection Program (PPP) where current maturities of the long term debt are hitting the balance sheets for construction companies all over the United States. If the awarded …

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November 19, 2020 – The IBTX Retirement Exchange Solution

November 19, 2020

  The IBTX Retirement Exchange Solution A New Type of Multiple Employer Plan By Kelly McGrath, Retirement & Wealth Consultant   Traditional Multiple Employer Plans VS New Multiple Employer Plan (MEP) With a traditional approach to an MEP, employers who join the plan have to be a part of an association or in the same …

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November 11, 2020 Benefits Bulletin – Coverage of COVID-19 Vaccines: Agencies Issue Interim Final Regulations

November 11, 2020

  Coverage of COVID-19 Vaccines: Agencies Issue Interim Final Regulations November Benefits Bulletin   As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law in March 2020, most group health plans are required to provide no-cost coverage for COVID-19 preventive services, including vaccinations. On November 6, the Internal Revenue …

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November 10, 2020 Benefits Brief – Open Enrollment Checklist

November 10, 2020

  Open Enrollment Checklist November 10, 2020   For employers operating their group health and welfare plans beginning on or after Jan. 1, 2021, now is the time of the year to prepare for open enrollment.  Typically, the focus is on evaluating the services and performance of vendors, renewing rates, and considering design changes.  In …

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