Category: New York

FFCRA paid leave updates including DOL guidance on eligibility for in a remote learning environment

On March 18, the  Families First Coronavirus Response Act (FFCRA) was signed into law to respond to the economic impact of the COVID-19 pandemic.  Included in the legislation was a provision requiring employers (generally businesses with less than 500 employees with an exemption for public health employees)  to provide Emergency Paid Sick Leave and Emergency Paid Medical Leave when employees met certain criteria.  The paid leave would be funded by the federal government through payroll tax credits.

The effective date for the emergency paid leave provision was April 2, 2020 and the Department of Labor announced the regulations for implementation through a temporary rule issued April 1, 2020 that expires December 31, 2020.Read More

Comptroller DiNapoli Announces $50 Million Toward CAREs Act PPP for Small Business Relief from the New York State Common Retirement Fund

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) is putting $50 million toward the federal Paycheck Protection Program (PPP).  CLICK HERE for the Press Release from the Comptroller.  Information below is directly from that release.

The PPP was established with the passing of the CARES Act on March 27, 2020. Under the PPP, employers can secure loans that are eligible for forgiveness by the federal government if employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The Fund’s commitment will supplement PPP loans being administered by Pursuit (formerly New York Business Development Corporation).Read More

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