What's New
By: Judith E. Kramer
On July 8, 2010, a new federal regulation went into effect that may have far-reaching implications for companies that have contracts with the federal government. As of that date, contracting agencies must include in solicitations and contracts of at least $25,000 a clause requiring certain contractors and first-tier subcontractors to report at http://www.ccr.gov the names and total compensation of each of the five most highly compensated executives for the contractor’s or subcontractor’s preceding fiscal year.
The original FMLA included an understanding that not all minors will be cared for by a biological parent and that some caregivers will not have formal rights of custody or similar certifications. It did so by mandating leave for persons “in loco parentis,” that is, adults who provide day-to-day care and financial support for minors.
The Department of Labor (“DOL”) just released its annual memorandum (dated June 9, 2010) noting a rate increase for Service Contract Act (“SCA”) Health and Welfare Fringe Benefits. These obligations apply to federal contractors performing service contract work. Because the SCA benefit change notice is sent to government contracting agencies (and not directly to contractors or subcontractors), we wanted to ensure that our federal contractor clients were aware of this rate increase in order to prepare for meeting their SCA fringe benefit obligations. You can view a copy of the DOL’s memorandum, which has not yet been posted by the DOL on its website, here.
