Searching California Law Could Be Tipping P on page 37

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Millions of Employees Have Gained Access to 401(k)s As reported by the Wall Street Journal , state mandates in California, Oregon and Illinois have led to an increase in small businesses offering employees a 401(k) plan that was not previously available.

More part timers means more employees could be enrolled in retirement plans than ever before, creating a greater employer obligation under SECURE 2.0.

In providing guidance to employers , the Glennon Law Firm stated that the Supreme Court’s removal of the heightened standard “could lead to an increase in reverse discrimination claims, particularly as [DEI] programs continue to evolve across industries.

“Federal salaries were already transparent, and this furthers the efforts to achieve pay equity in federal government employment,” Skahan said, adding that it is possible this could lead to support of a nationwide salary history ban and/or transparency law applicable to private employers that would apply on a larger scale, as opposed to the patchwork of regulations that currently exists across the country.

Some National Context Brian Hartstein, a partner in the Chicago office of the Quarles & Brady law firm, explained that national efforts begun at the Federal Trade Commission (FTC) under the Biden administration to ban noncompetes for most employers are currently at a standstill.

In fact, almost three-quarters of S&P 500 companies have included ESG metrics in their compensation plans, according to Semler Brossy’s 2023 ESG and Incentives Report.

The mix of long-term incentive vehicles has tipped back toward the use of time-based equity following every economic disruption.