Upcoming Labor Law Updates You Must Know About

Upcoming Labor Law Updates You Must Know About

The HR Coffee Room by 1BC Consulting, Inc.

As the year 2020 comes to an end, employers must be mindful of various Labor Law requirements that must be implemented the end of 2020 or beginning of 2021. Here is a list of important updates you must know about and take proper action and implement if applicable to your business.


1. Florida Minimum Wage Rate for 2021. The New Rate Becomes Effective Jan. 1, 2021 

On Nov. 3, 2020, voters in Florida approved a constitutional amendment that will raise the state minimum wage rate each year until it reaches $15 per hour in 2026. Beginning in 2027, the state minimum wage rate will be adjusted annually by Florida’s Department of Economic Opportunity. 

The amendment did not change the tip credit Florida allows employers to deduct from their tipped employees. Since this credit will remain at $3.02, projected minimum wage rates for tipped employees are also included in the table below. 

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President Trump Signed the COVID-19 Relief Package

President Trump Signed COVID-19 Relief Package

The HR Coffee Room by 1BC Consulting, Inc.

On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act of 2021 into law. The Act provides temporary special rules for health and dependent care flexible spending accounts (FSAs) that give employees additional time to use these funds.

Because of the COVID-19 pandemic, employees may be more likely to have unused amounts in health or dependent care FSAs. For plan years ending in 2020 and 2021, the Act allows employers to:

  • Permit employees to carry over unused amounts remaining in these FSAs to the next plan year.
  • Extend the grace period to 12 months after the end of such plan year.
  • Permit employees who cease plan participation during 2020 or 2021 to continue to receive reimbursements from unused amounts through the end of the plan year in which their participation ended.
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