News & Events
DOL Issues Proposed Rule Revising “Regular Rate” Requirements
The U.S. Department of Labor (DOL) has issued a proposed rule revising “regular rate” requirements employers must follow under section 7(e) of the Fair Labor Standards Act (FLSA).
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DOL’s Overtime Rule to be Published in the Federal Register
Today, the U.S. Department of Labor published in the Federal Register its recently announced notice of proposed rulemaking on overtime. The proposed regulations increase the salary threshold below which workers must be paid overtime—regardless of their job duties—from $455 a week ($23,660 per year) to $679 per week ($35,308 per year).
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Construction Industry Tax Fraud Costs Taxpayers $2.6 Billion Annually
A new estimate from Smart Cities Prevail finds that 1.2 million construction workers are paid off the books each year. Another 300,000 are misclassified as independent contractors when they are really employees. These unlawful practices cost state and federal taxpayers at least $2.6 billion annually in lost federal income and employment taxes, and state income taxes.
SWACCA strongly supports efforts to curb employee misclassification and off-the-books payment schemes in the construction industry. These fraudulent practices create an unlevel playing field for legitimate employers at the expense of United States taxpayers.
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SWACCA Focuses House of Representatives on the Need to Authorize Composite Plans as Part of any Solution for the Multiemployer Pension Crisis
SWACCA’s efforts to authorize composite plans continued at today’s House Education and Labor Subcommittee on Health, Education, Labor and Pensions hearing entitled: “The Cost of Inaction: Why Congress Must Address the Multiemployer Pension Crisis”. This hearing was intended to illustrate why Congress must act quickly to save the multiemployer pension system. SWACCA urged members and witnesses at the hearing to raise composite plans as part of any solution to the crisis facing the multiemployer system. Three members of Congress and a witness from the U.S. Chamber of Congress raised the issue at today’s hearing.
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