NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
A Pew Charitable Trusts survey of nontraditional workers taken from June 4 to July 1, 2020, the peak of COVID-19’s economic impact, found that 44.3% of respondents had experienced COVID-19-related reductions to job hours or lost their jobs. In addition, 10.5% had tapped retirement savings—making a withdrawal from a workplace defined contribution plan or IRA—between […]
The DOL has narrowed the definition of independent contractors by officially withdrawing, effective today, a rule approved in the waning days of the Trump administration that would have made it easier for businesses to classify individuals as independent contractors, rather than employees. “By withdrawing the Independent Contractor Rule, we will help preserve essential worker rights […]
The U.S. Department of Labor announced this week it is seeking a two–month delay in the effective date of the Trump administration rule on independent contractors and is asking for public comment by Feb. 24. The federal rule, which had been scheduled to take effect March 8, would have offered an “an economic reality” standard, generally viewed as more favorable to businesses than the more restrictive so-called ABC test, to determine if an individual is an employee or independent contractor. Different tests apply under various federal laws and […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
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