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What to Know From CGO

Important News Impacting Employers - June 2020 Recap

Paycheck Protection Program Updates New Law On June 5 President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. The Act is intended to fix problems with the Paycheck Protection Program (PPP). Key provisions of the Act include: Loan Repayment Terms Payroll Costs vs. Nonpayroll Costs Covered Period Extension Payroll Tax Deferment Extension of Rehiring Safe Harbor More details here EZ Forgiveness Application The Small Business Administration (SBA) and Department of Treasury recently released a streamlined loan forgiveness application called the EZ Forgiveness Application. This newly released three-page EZ application is significantly shorter than the traditional loan forgiveness application and requires fewer calculations and less documentation than the full application. View article and application here

Illinois Phase 4 Office Guidelines Issued June 22 - The revitalization phase of the restore Illinois public health approach to reopening the Illinois economy includes larger gathering sizes, additional businesses reopening and increased capacities. View the office guidelines here

Risk Management + Property & Casualty Insurance OSHA Issues New Guidance for Reopening Nonessential Businesses [Legal Update PDF] Insurance Considerations for Riots, Vandalism and Civil Unrest [Insurance Coverage Insights] 11 Steps to Protect Your Business From Cyber Extortion [Blog] COVID-19 Impact on Workers' Comp Premium Audits + The Importance of Record Keeping [Blog]

Employee Benefits Federal Agencies Issue More FAQs on Coronavirus-related Changes for Health Plans [Compliance Bulletin] HSA and HDHP Limits for 2020 + COVID-19 Guidance for Section 125 Midyear Election Changes [Benefits Buzz Newsletter] PCORI Fees Due July 31, Fee Amount Adjusted for 2020 [Applies to Employers Sponsoring Certain Self-Insured Plans] COVID-19 Health + Ancillary Insurance Carrier Updates [CGO Web Page]

Human Resources + Payroll EEOC Updates Employer Guidance on Coronavirus and the ADA [Compliance Bulletin] Chicago Narrows Paid Sick Leaves [HR Compliance Bulletin] Several States Update Employee Leave Requirements for Coronavirus [Compliance Bulletin] Common Employment Practices Claims Arising Out of COVID-19 [PDF]

Retirement Plans Financial Wellness is a Big Deal to Employees [Infographic] This is How Much Retiring Couples Will Spend on HealthCare [Article] EBSA Proposal Pours Cold Water on ESG Enthusiasm [Article] The CGO Retirement Plan Services Division Awarded as a "Top Defined Contribution Advisor Team," 1 of Only 15 Companies in Illinois to Earn This Recognition.

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Employee Directory While our physical office remains closed, our employees are working remotely and are ready to assist you. Use the following link to access our directory that contains the direct contact information of all our team members. Employee Contact Information Directory

Business Insurance | Employee Benefits | HR & Payroll | 401k & 403b GoCGO.com This newsletter has been carefully developed by the experienced professionals at CGO. However, it is not a legal document and should not be construed as legal opinion. CGO will accept no liability for the use of these opinions in the workplace.