A pay cut cannot be enacted without the employee being notified. If an employer cuts an employee’s pay without telling him, it is considered a breach of contract. Pay cuts are legal as long as they are not done discriminatorily (i.e., based on the employee’s race, gender, religion, and/or age).

How much notice does an employer have to give to change shifts?

Organisation is key. It seems as though seven days is a commonly-accepted minimum notice period that employers should give their employees when it comes to shift schedules and shift changes. While this isn’t always possible, it is possible to minimise errors and reduce last minute changes.

When do new rules for hardship distributions go into effect?

On November 14, 2018, the Internal Revenue Service released proposed regulations to implement these changes. Generally, these changes relax certain restrictions on taking a hardship distribution. Although the provisions are effective January 1, 2019, for calendar year plans,…

What do I need to know about periodic distributions from my retirement plan?

Periodic distributions are subject to withholding using the same methods as wage income. You will need to fill out form W-4P to inform the retirement plan’s administrator of your withholding allowances. This applies to payments you receive from:

What makes an employer a designated employer in South Africa?

Currently an employer is also considered to be a designated employer if it has an annual turnover larger than specific thresholds established for different sectors of the South African economy. This turnover threshold and the turnover table would be deleted, making only those employers with more than 50 employees a designated employer.

Is there a 10% withholding rate for nonperiodic distributions?

Nonperiodic distributions are any distributions that do not recur periodically, such as one-time distributions. In Publication 575, the IRS says: Unless you choose no withholding, the withholding rate for a nonperiodic distribution (a payment other than a periodic payment) that is not an eligible rollover distribution is 10% of the distribution.