Even Short Contract Extensions Require Updated Service Contract Act Wages
Client Alert | less than 1 min read | 11.03.04
Even a short (monthly or semi-monthly) extension of a contract subject to the Service Contract Act is considered a "new contract" requiring the government to incorporate new collective bargaining agreement wage and fringe benefit rates, the ASBCA held in Guardian Moving & Storage Co. (Sept. 23, 2004). The same reasoning--and rule--would require the incorporation of the latest available area wage determination where no collective bargaining agreement applied.
Insights
Client Alert | 2 min read | 05.07.24
Department of Labor Finalizes Changes to Its Fiduciary Rules
On April 25, 2024, the Department of Labor (“DOL”) published a final rule (the “Final Rule”) regarding when providing investment advice results in the advisor becoming a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and the Internal Revenue Code of 1986, as amended (the “Code”). Under this guidance, an entity is a fiduciary if the provider of that advice to an ERISA plan or Individual Retirement Account:
Client Alert | 8 min read | 05.07.24
Client Alert | 3 min read | 05.07.24
Client Alert | 4 min read | 05.07.24
