Federal Record Retention Requirements The following chart includes federal requirements for record-keeping and retention of employee files and other employment-related records. Individual states ...

“One Big Beautiful Bill” The “One Big Beautiful Bill Act” (OBBB), signed into law by President Trump on July 4, 2025, includes new federal income tax deductions for qualified overtime compensation. While …

“Hours worked” includes all time worked regardless of whether it is a full hour or less. “Hours worked” includes, for example, a situation where an employee may voluntarily continue to work at the end of …

How to Calculate: Hours worked: (Hours physically worked) = 45 hours Hours Paid: 5 DOUBLE TIME HRS x 2 = 10 hours 10 hours + 40 regular Hours = 50

Requires that employers pay overtime at time-and-a-half for all hours worked over 40 in a workweek.

Compensatory Time and paid overtime are available to individuals who qualify as Non-Exempt employees pursuant to the Employee Classification Policy and in compliance with the Fair Labor …

Survivors benefits When a person who has worked and paid Social Security taxes dies, certain members of the family may be eligible for survivors benefits. Up to 10 years of work are required to …