News: February 2012

NEP on Recordkeeping

As a reminder, the Occupational Safety and Health Administration (OSHA) launched its “National Emphasis Program (NEP) on Recordkeeping” last year after various studies revealed that many companies were underreporting or incorrectly reporting workplace-related injuries and illnesses. OSHA plans to increase enforcement of accurate reporting requirements through the NEP pilot program that continues through February 2012.

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Social Security and Medicare Tax for 2012

The employer tax rate for social security remains unchanged at 6.2%. On wages paid and tips received before March 1, 2012, the employee tax rate for social security is 4.2%. On wages paid and tips received after February 29, 2012, the employee tax rate for social security increases to 6.2%.

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OFCCP Proposal to Improve Job Opportunities for Individuals with Disabilities

The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) is proposing a new rule that would require federal contractors and subcontractors to set specific hiring goals regarding employees with disabilities, including a goal for federal contractors to have at least 7% of their workforces comprised of individuals with disabilities. All comments must be received by February 7, 2012.

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OSHA Annual Summary Posting Deadline

By February 1, 2012, an employer subject to the Occupational Safety and Health Administration (OSHA) recordkeeping provisions for 300 logs regarding workplace injuries and illnesses must post its 2011 annual summary (Form 300A).

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