MAY 2007 Newsletter 

Bulletin Briefs . . . . . . . . .   

HSA Contributions Limits to Increase in 2008   

The IRS says the maximum contribution that can be made in 2008 for employees with single coverage will be $2,900, and family coverage, $5,800. Additionally, the maximum out-of-pocket expense (including deductibles) that employees with single coverage can be required to pay will rise to $5,600 and $11,200 for family coverage. The new limits reflect increases in the cost of living.

 DOL Releases Overtime Calculator  

The DOL’s latest web-based compliance tool is the FLSA Overtime Ca-culator which computes overtime pay due in a sample pay period based on information submitted by the user. The calculator totals the hours worked during the sample pay period and calculates overtime pay due for any overtime hours worked. Check it out at: http://www.dol.gov/elaws/esa/flsa/otcalc/i3.asp  

Washington to Implement Paid Family Leave  

Effective Oct. 1, 2009, employees becoming new parents in Washing-ton State will be entitled to receive up to $250/week for up to five weeks for paid family leave. The leave must be taken at the same time employees take FMLA leave. Employers with more than 25 employees must hold workers’ jobs open while they are on leave, after they’ve been employed for a certain amount of time. How the benefit will be funded is to be decided by a state task force.

 Click here for entire May Newsletter

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