Year: 2020

Coronavirus

Coronavirus: What are the obligations of an employer

Lockton is closely monitoring the coronavirus outbreak on behalf of our clients. The situation is fast-developing, and local health agencies should be consulted for the latest news and directives. On Jan. 8, a new coronavirus, “2019-novel coronavirus (2019-nCoV),” was identified […]

Bermuda

Bermuda amends national pension scheme

On 30 December 2019, Bermuda government passed the National Pension Scheme (Occupational Pensions) Amendment Act 2019 (NPS), which enhances the registration and maintenance of occupational pension plans and introduces new provisions related to foreign workers to ensure that local Bahamians […]

Switzerland

Switzerland to introduce paternity leave benefits

On 27 September 2019, the Swiss parliament passed a new law introducing a paternity leave entitlement of 10 working days of government-paid leave. The implementation date of the amendment has not been set yet. The new law could enter into […]

Bermuda

Bermuda expands parental and annual leave benefits

The Government of Bermuda passed the Employment (Maternity Leave Extension and Paternity Leave) Amendment Act 2019 (the Act) which: Introduces a five-day employer-paid statutory paternity leave. Expands statutory maternity leave from 12 weeks (eight weeks paid and four weeks unpaid […]

Mexico

Mexico to enforce a limited use of outsourcing

On 3 December 2019, the Mexican government approved a proposed reform to amend outsourcing contracting regulations to better protect subcontractors and ensure more transparency of the outsourcing regime. The new bill would enter into effect in 2020. The exact implementation […]

Oman

Oman updates compulsory health insurance policy

Oman’s mandatory universal health insurance policy for private sector employees, domestic workers and visitors was initially expected to be rolled out late 2019. In September 2019, the vice president of the insurance sector at Oman’s Capital Market Authority announced that […]

Australia

Australia ends salary sacrifice superannuation loophole

On 28 October 2019, the Australian parliament approved new legislation intended to end the current loophole that allows employers to use their employees’ salary sacrifice contributions to reduce their minimum compulsory Superannuation Guarantee (SG) contributions. The bill entered into effect […]

South Korea

South Korea to implement universal corporate pension system

The Korean government passed a bill mandating all companies established in South Korea contribute to a compulsory corporate pension plan, including defined contribution, defined benefit and individual retirement pension plans. The new law is expected to enter into force in […]

Netherlands

The Netherlands increases health insurance premiums

The Netherlands’ 2020 budget, which passed on 1 January 2020, slightly increased health insurance premiums for the basic package by approximately EUR 37 per year. In addition, the 2020 budget lowered the discounted health insurance premium that insurance providers could […]

Japan

Japan amends Labor Standards Act compliance deadlines

Update: Japan’s Ministry of Health, Labour and Welfare has set different compliance deadlines ranging from 1 April 2019, to 1 April 2023, for various requirements of the amended Labor Standards Act. While most provisions have already been implemented for large […]