Roth vs Traditional 401K - Which is Best?
Let’s say your company offers a 401K with both Traditional and Roth investment options. Which one should you choose?
California Employers Now Must Provide Three Paid Sick Days
As of July 1, 2015, California employers must provide at least three paid sick days for employees that work 30 or more days in a year.
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Do you have a business and/or employees in California? If so, as of July 1, 2015, you must provide at least three paid sick days for employees that work 30 or more days in a year.
Proponents of this statewide benefit are excited for the public health advantage this will provide, particularly to low-income food service employees and their customers. Opponents to the bill, mostly small business owners, are concerned about feasibility.
Both part-time and full-time employees are be able to earn this paid leave at the accrual rate of one hour for every 30 hours worked, capping at 3 days per year.
California isn’t the first state to enact a required paid sick leave benefit; Connecticut beat them to the punch. However, Connecticut’s law only applies to large employers with 50+ employees and excludes manufacturers. California’s law applies to most employers regardless of size, including private, public, state, and municipalities.
For a detailed summary of the law, provided by CalSHRM’s State Legislative Director, Michael S. Kalt, Esquire, of Wilson Turner Kosmo LLP, click here.