In this episode of Checkwriters, hosts Dakota Hebert and Felicia Corbeil engage with Megan Butz, General Counsel for HR Compliance at Checkwriters. They dive into critical updates on HR compliance and the intricacies of employment law that impact both employers and employees. Megan provides a comprehensive breakdown of the Secure 2.0 Act, discussing its intent to enhance retirement opportunities for a broader class of employees and outlining specific provisions like the reduced eligibility period for long-term part-time workers.
Megan also touches on the implementation of ‘de minimis’ incentives under the Secure 2.0 Act, explaining the concept and its implications for employer-sponsored retirement plans. This segment emphasizes practical advice for HR professionals and business owners, aiming to clarify the application of new federal guidelines.
The conversation further explores the intersection of student loan payments and retirement contributions, an emerging issue relevant to recent graduates and their employers. Megan outlines how the Secure 2.0 Act facilitates employees’ ability to manage student loans while saving for retirement, illustrating the act’s broader implications for workforce management and employee benefits.