Many employers are recognizing the financial strain on their employees as they begin to plan for their businesses’ future in these unprecedented times. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a number of provisions that make it easier to receive unemployment insurance benefits and increases the amount of unemployment benefits which
Larkin Hoffman employment law specialist Phyllis Karasov and employee benefits specialist Mary Komornicka discuss the new employee benefit features in the Coronavirus Aid, Relief, and Economic Security (CARES) Act in our latest COVID-19 Briefing series podcast. The CARES Act allows employers to make changes in its Section 401(K) and 403(b) plans to assist employees who
The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”) provides important public funding to small businesses. The following are some of the highlights of the Paycheck Protection Program (the “Program”) which is part of the CARES Act. This Program is an expansion of the Small Business Administration (“SBA”) 7(a) loan program. The available