Deregulation at the federal level is likely to be prevalent in 2017, but expect more protections at the state level, employment attorneys say. While storm clouds loom over the fiduciary rule, the Dodd-Frank Act, the Affordable Care Act (ACA) and the overtime rule, state laws relating to pay equity, parental leave and predictable scheduling are likely to proliferate.
Fiduciary Rule
The Department of Labor’s (DOL’s) controversial rule to apply the fiduciary standard to those who provide investment advice to sponsors and participants in 401(k) and similar retirement plans is set to take effect in April 2017.
