San Francisco’s Measure L, which passed with the overwhelming support of the voters, will be effective in 2022 for businesses operating in the City of San Francisco. Measure L, titled the “Overpaid Executive Gross Receipts Tax,” imposes an additional tax on gross receipts or payroll expenses of any business in which the CEO (or
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Don’t Forget About Mandated Retirement Plans for California Employers
By Yana S. Johnson on
Posted in Employee Benefits
All the way back in 2016, California passed legislation that employers who do not sponsor an employee-retirement plan must participate in a state-run retirement program. This program became known as CalSavers.
While there have been legal challenges to CalSavers, the program persists. The pilot phase of CalSavers launched in 2018 and the phase-in…
California Mandates Elimination of Cost-Sharing by Health Plans for Coronavirus Testing
By Yana S. Johnson on
Posted in California, Employee Benefits
As the confirmed cases of Coronavirus (COVID-19) rises in the U.S., more states are issuing directives regarding employee cost-sharing for screening and testing for the virus. Testing for COVID-19 is free if performed by the Centers for Disease Control and Prevention, however, the testing is expected to be offered more broadly by commercial labs.
On…
Did You Know California has a State Mandated Retirement Plan?
By Yana S. Johnson on
Posted in General
Frequently Asked Questions About CalSavers
Question:
What is CalSavers?
Answer:
CalSavers is a new California law designed to encourage employees to save for retirement. CalSavers was originally called California Secure Choice and was approved by the State Legislature in 2016.
CalSavers provides employees with a retirement savings program without the administrative complexity, fees,…