News and Articles

November 2015 NEWSLETTER

David Lloyd - Tuesday, November 03, 2015

Dear valued clients and supporters: This month's newsletter will focus on: (1) New York City legislation, effective January 2016, expanding the right to pre-tax transit benefits for certain employees; (2) Governor Cuomo’s recently introduced statewide regulations prohibiting harassment and discrimination against transgender people; and (3) The first article in a two-part series focusing on executive severance packages and negotiations.

Pre-Tax Benefits a Boost for Commuters
Beginning January 1, 2016, New York City companies with 20 or more full-time employees will be required to offer their employees pre-tax transit benefits. This legislation encourages employers to take advantage of an existing federal tax benefit that allows companies to offer workers $130 as pre-tax income for transportation costs. As a result of this law, the City anticipates employees will save $400 per year on MetroCard expenses and employers will annually save $100 per employee in tax liability. The Department of Consumer Affairs will enforce the law, which imposes fines on covered business who do not offer the required benefits. However, companies that fail to comply will be given a 90-day grace period to fix their violation before being subject to civil penalty. To allow businesses adequate time to adjust their practices, employers will not be subject to penalty before July 1, 2016.

Expanded Protections for Transgender New Yorkers
Governor Cuomo recently introduced regulations by Executive Order that provide broad protections for transgender New Yorkers from unlawful discrimination. The statewide regulations prohibit harassment and discrimination against transgender people by all public and private employers, housing providers, businesses, creditors, and others. Cuomo’s order, to be enforced by the New York State Division of Human Rights, will be subject to a 45-day notice and comment period before being fully implemented. The regulations will provide the full force and protections of the existing New York Human Rights Law, which includes extensive compensation and other legal remedies for victims of discrimination and harassment, as well as stiff penalties for those who violate the law.

Executive Severance Negotiation
Executives who have been recently terminated and more importantly those that are considering leaving their current positions, including those that believe they are about to be terminated are urged to think more pro-actively about their severance packages. Rather than settle for what an employer may initially offer, if anything at all, executives should consider the benefits of developing a negotiation strategy that results in a package that makes their transition to the next phase of their lives and careers more manageable and equitable. The legal issues that generally determine what leverage, if any, an employee may have depends in large part on the rights under their specific executive employment agreements, any legal claims they may have against their employer, and other non-legal factors. To find out more about how to negotiate a better severance package from your employer, please read a more in-depth article posted here on our website.


Next month's newsletter will focus on the flip-side of the issues - Executive Compensation strategy.

Readers are encouraged to follow us on Twitter (@lloydpatelllp) and Facebook to receive updates on this and other issues throughout the month.

Recent Posts


Real Estate Law Fair Play to Pay Act Employer Mandate NLRB Trademark licensing Federal Small Business Assistance Marijuana Testing Business Law Hairstyle Discrimination marijuana usage NYC Salary History Law Executive Severance Overtime Rules Selling Business stocks Unions Arbitration Agreements Technology drug testing Families First Coronavirus Response Act #meToo AirBnB Immigration Status workplace discrimination Household Employees Credit NQSO Ban the Box New Address Credit History Internet Law Human Rights Law Plastic Bag Ban federal Department of Labor Employment Offer/Agreement commuter benefits Nobel Prize Independent Contractor Workplace Requirements Glatt v. Fox Searchlight Pictures, Inc. graduate students Divorce Nanny Audit Tax-Deferred Savings sexual harassment training Westchester County implementing new leave laws Intellectual Property Trademark Law Employment Contracts Mandatory Class Action Waivers Worker's Rights NY payroll law New York Earned Sick Time Act Alter-Ego Doctrine Facebook Privacy and Litigation Privacy Right to Unionize New York City Human Rights Law Payroll Scams Newsletter Employee Manuals and Policies Economic Injury Disaster Loans Web Domains National Labor Relations Act Trade Secrets Fair Labor Standards Act (FLSA) Federal Overtime Law Sexual Harassment and Discrimination In The Workplace employment discrimination lawsuits Wage and Hour Law Emergency Economic Injury Grants Non-Qualified Stock Options Fair Workweek Law Out-of-State LLC Owners Glatt v. Fox Searchlight Pictures National Labor Relations Board Federal Acquisition Regulatory Council Paid Family Leave Freelance Isn't Free Criminal Record NYC Sexual harrassment law COVID-19 I-9 Verification Interns as Employees Corporate Law Sexual Harassment policy Federal Contractors Pregnancy EEOC Filing Requirement entrepreneur Housing Law Lactation Law Start-up Ventures Interview Series $15 Minimum Wage Domain Name Joint-Employer Relationship Federal Joint Employer Rule Landlord-Tenant Law U.S. Department of Labor Unionization Department of Labor Security LinkedIn Prenup Fair Work Week Legislation Fair Chance Act Attracting Investment Paycheck Protection Program ACA Interns NYC Human Right's Law's Sexual Harassment Browning-Ferris Case Firm Announcements Public-Sector Union Fees Fair Labor Standards Act Minimum wage Fair Pay and Safe Workplace Executive Order Apple vs. FBI Westchester Safe and Sick Time Laws Executive Negotiation Illegal rentals Employment Law NYC Sick Leave Law Credit Checks Postnup Affordable Care Act Employee Salary Histories Overtime Exemptions Transgender protections Womens Rights Salary History Inquiries Trade Secrets Act Negotiating Wage Theft Protection Act Business Health Care


EDIT - blog-container - This controls the styles for the headings

EDIT - BlogTagCloud - Font style


  • EDIT  - post-body - Font style

EDIT - side-panel - This is the colour of the sidebar headings

Snap | BC Module - Blog - Blog Description

Snap | BC Module - Blog - Blog Title

EDIT - Snap | BC Module - Blog - Date - This is the date box style

EDIT - Snap | BC Module - Blog - Post Content - Font style

EDIT - Snap | BC Module - Blog - Post Title - Heading style

EDIT  - Snap | BC Module - Blog - Sidebar Content - Font style

EDIT - Snap | BC Module - Blog - Sidebar Title - Heading style

latest blog title snap text


Disclaimer: Nothing on this website is or should be construed as legal advice.
An attorney-client relationship does not exist with our firm unless a signed
retainer agreement is executed, and we do not offer legal advice through
this site or any of the content located on it. For legal advice for your
particular circumstances, please contact us directly.