Dive Summary:
- Retail brands are insisting on changes from Congress in the Affordable Care Act which would “redefine” full time employment.
- The National Retail Federation appeared before congress on Wednesday to address their concerns with confusion over regulations.
- “NRF strongly supports efforts to redefine full-time coverage eligibility at 40 hours per week, hopefully with flexibility for employers to define a lower standard, if they so desire,” stated NRF Vice President and Employee Benefits Policy Counsel Neil Trautwein.
From the article:
Forbes’ Clare O’Connor did some calculations based on average retail salaries showing that retail workers on average make less than $20,000 a year. And based on Walmart’s self-reported annual hourly rate for full-time employees of $12.67 — on the high side according to many commentators here and elsewhere — annual salaries are just $26,354. Before taxes.
