The Global Legislative Update for October 2019 provides insights from Mercer consultants around the globe about key legal developments affecting employers’ benefit and human resource programs in various countries. Some highlights from the latest issue include:

Americas

Canada: Employer Insurance Tax Rates Will Decrease in 2020
United States: Final Rule Raises Pay Levels for Overtime Exemptions
United States: Hardship Distribution Rule for Defined Contribution Plans Finalized

AsiaPac

Australia: New Prudential Standards for Trustees Will Take Effect in 2020
Indonesia: New List Consolidates Positions Open to Expatriates
South Korea: Expanded Paternity Leave and Flexible Work Options Take Effect

EMEA

Egypt: Consolidated Pension and Employee Social Insurance Law Will Take Effect in 2020
Finland: Revised Working Time Law Will Increase Flexible Options
France: Loi PACTE Boosts Savings Schemes, Reforms Pensions
Portugal: Parents Have Expanded Leave Entitlements