Stimulus Plan Includes COBRA Subsidy
February 23rd, 2009 Posted by DerrickMany employers have questions about the COBRA subsidies offered under the Obama administration’s stimulus plan, which was signed into law on February 17, 2009.
The ARRA, or American Recovery and Reinvestment Act of 2009, included a provision to subsidize extended health insurance coverage under COBRA, for some eligible employees.
The plan applies only to an “assistance eligible individual” or AEI who is laid off through no fault of his or her own, or is a dependent of a laid-off employee.
The subsidy applies beginning March 1, 2009 for employers who use calendar months for healthcare coverage.
Under the plan, the employee pays just 35% of his or her COBRA health care premium. The employer pays the other 65% of the COBRA premium. Employers can then take a tax credit (more…)
North Carolina Tipped Minimum Wage Decrease
August 18th, 2008 Posted by DerrickThe minimum wage for tipped employees in North Carolina has been reduced to $2.13 per hour, for now, despite the increase in the state and federal minimum wage on July 24, 2008.
On July 24, both the federal and North Carolina minimum wages increased to $6.55 per hour. However, employees who earn at least $30 per month in tips can be paid less.
Until recently, the minimum wage for tipped workers in North Carolina was (more…)
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