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The congressional budget deal (the Bipartisan Budget Act of 2015, P.L 114-74) that was signed into law by President Barack Obama on Nov. 2 includes repeal of the Affordable Care Act’s (ACA’s) auto-enrollment provision for large employers, increases premiums for the Pension Benefit Guaranty Corp. (PBGC), and addresses the impending inability for the Social Security Disability Insurance fund to meet its obligations to participants.
Within the budget are several provisions that affect employer-provided benefits, as well as a two-year agreement that adjusts spending caps for Fiscal Years 2016 and 2017, equally divided between defense and nondefense spending. The budgetary increases provided by the agreement are fully offset by mandatory spending cuts and other savings, and provide a debt ceiling increase through March 2017.
Specific provisions of interest to the HR profession include:
Capitol Hill Update
Budget Agreement Includes Provisions Affecting Employer-Provided Benefits
SHRM-Supported Legislation to Restore “Joint Employer” Standard Moves in House
EEOC Issues Proposed Rule Detailing Wellness Plan Incentives Under GINA
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