Friday afternoon, a federal judge in Texas struck down the Department of Labor’s (“Department’s”) overtime rule (“Overtime Rule”) finding that the Overtime Rule exceeded the Department’s authority and was unlawful.
In the Opinion, the court issued a vacatur which sets aside the rule and makes it no longer binding. This vacatur of the Overtime…

On November 1, 2024 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits.  Almost all of the limits shown below have increased from last year.

Qualified Plan Limit
Cost-of-Living Adjustments

401(k) and 403(b) elective deferral limit
2024 – $23,000
2025 – $23,500

$200,000 compensation limit
2024 – $345,000…

As you know, the Federal Trade Commission (FTC) previously issued a rule that would ban most employee noncompetes throughout the United States.  See our previous updates NLRB Seeks Aggressive Enforcement Against Employers for Unlawful Non-Compete and “Stay-or-Pay” Provisions, Breaking News: Federal Court Halts FTC Noncompete Ban, The FTC’s Ban on Noncompetes Remains Imminent…

Ruder Ware’s Annual Employment & Benefits Law Conference will be held at the Hilton Garden Inn (map and directions) on Thursday, November 14, 2024.
7:30 a.m.   Registration
8:00 a.m.   Welcome & Introductions
8:05 – 8:40 a.m.
Benefits Update
Presenter: Attorney Mary Ellen Schill
Employee benefits are crucial to attracting new talent, as many job seekers prioritize…

The Corporate Transparency Act (CTA) remains in effect, and, as a result, many entities are required to submit filings to the federal government by the January 1, 2025, deadline. A failure to timely file may result in civil and criminal penalties.
Under the CTA, a “reporting company” must file a Beneficial Ownership Information Report (“BOIR”)…

Even after a Federal District Court judge in Texas struck down the looming FTC Ban on non-competes this past August, non-competes are still a hot topic in labor news. On Monday, Jennifer Abruzzo, the National Labor Relations Board’s (NLRB) General Counsel, issued a memo expanding on her May 2023 memo. The latest memo not…

Today, a federal court judge in Dallas, Texas, ruled  the Federal Trade Commission went too far in issuing its nationwide noncompete ban that was set to become effective September 4, 2024. We anticipate the FTC will appeal and will update you as we know more. In the meantime, do not hesitate to contact the Employment &…