The new cybersecurity regulations proposed by the New York State Department of Financial Services are sweeping in scope and quite complex.
HSE Partner and Chair of the Privacy and Data Security practice group, F. Paul Greene, will be speaking at a seminar hosted by EFPR Group LLP titled “Information and Cyber Security Responsibilities for Senior Management,” on December 8, 2016.
On November 22, 2016, the U.S. District Court for the Eastern District of Texas granted an emergency request by 21 States for a nationwide preliminary injunction enjoining the United States Department of Labor (Department) from implementing a Final Rule that increased the minimum salary threshold required for status as an exempt executive, administrative or professional employee (EAP employee).
While this development may provide a reprieve for many employers nationwide, its impact on employers in New York is tempered by the New York State Department of Labor’s proposed increase in the minimum salary threshold for exempt executive and administrative employees in New York, effective December 31, 2016.
With the end of the calendar year drawing near, this is a good time for employers to conduct a year-end review to make sure their benefit plans are up-to-date and operating in compliance with the law. In addition, the end of the year brings a number of important deadlines, with others to follow early in 2017.