Press Releases

California State Retirement Plan Has Opportunity to Protect Employer-Sponsored Plans

The ERISA Industry Committee (ERIC) today submitted comments to the California Secure Choice Retirement Investment Savings Board regarding the state’s Secure Choice Program’s reporting requirements included in the draft emergency regulations… More

It’s Official: Sufficient Support in U.S. House of Representatives to Completely Repeal Cadillac Tax

The ERISA Industry Committee (applauds Representatives Mike Kelly (R-PA) and Joe Courtney (D-CT) for reaching a critical milestone on their legislation, the “Middle Class Health Benefits Tax Repeal Act of 2017” (H.R.173). The bill, which would fully repeal the 40 percent ‘Cadillac’ excise tax on employer-sponsored health insurance, is now cosponsored by more than half of all House members, meaning that if it were brought up for a vote, it is virtually guaranteed to pass. An amendment completely repealing the Cadillac tax was passed in the Senate earlier this year… More

ERIC Calls Upon Senate HELP Committee to Approve Preston Rutledge as Assistant Secretary of EBSA

The ERISA Industry Committee urges the Senate Health, Education, Labor, and Pensions (HELP) Committee to move swiftly to advance the nomination of Preston Rutledge to be the Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA) at the Department of Labor… More

Senate GOP Tax Reform Plan Protects Retirement Savings

The ERISA Industry Committee (ERIC) is pleased that the Republican’s Senate tax reform plan protects the pre-tax contribution limit employees can contribute to their 401(k) plans and we will continue to advocate against any decrease in the incentive to save for retirement on a pre-tax basis… More

ERIC Calls Upon U.S. Senate to Swiftly Confirm Nominations of Janet Dhillon and Daniel Gade to EEOC

The ERISA Industry Committee supports President Trump’s nomination of Janet Dhillon to chair of the Equal Employment Opportunity Commission (EEOC) and Daniel Gade to serve as a commissioner on the EEOC. The EEOC has critical work to do for America’s workers and employers, including moving forward with rules on employee wellness programs, and that work is currently in limbo because of vacancies and expired terms on the Commission… More

ERIC Files Amicus Brief with the U.S. Supreme Court in Critical Retiree Health Case

The ERISA Industry Committee (ERIC) has filed an amicus brief with the U.S. Supreme Court in CNH Industrial v. Reese asking the court to reverse the U.S. Court of Appeals for the Sixth Circuit’s decision that required life-time vesting of retiree health benefits under a collective bargaining agreement that did not stipulate the duration of the benefit… More

GOP Tax Reform Plan Leaves Retirement Savings Intact

The ERISA Industry Committee (ERIC) is pleased the Republican’s House tax reform plan does not decrease the pre-tax contribution limit for retirement plans that an individual may contribute on an annual basis… More

Employer Groups File Amicus Brief in Meiners v. Wells Fargo & Company

The ERISA Industry Committee (ERIC) and the American Benefits Council (ABC), have filed an amicus brief with the U.S. Court of Appeals for the Eighth Circuit in Meiners v. Wells Fargo & Company, et al in support of the District Court’s ruling that dismissed the allegations against Wells Fargo & Company… More

Texas Medical Board Moves Forward with Implementing Telemedicine

The ERISA Industry Committee (ERIC) today submitted comments to the Texas Medical Board praising it for taking steps to quickly implement the new telemedicine law in the state, including the incorporation of mental health services… More

ERIC Comments on DOL’s Disability Claims Rule Delay

The ERISA Industry Committee (ERIC) is pleased the Department of Labor (DOL) is proposing a 90-day delay of the costly and burdensome midnight regulation on disability benefit claims review… More

The ERISA Industry Committee Files Lawsuit Against Oregon

ERIC has filed a complaint in the United States District Court for the District of Oregon against the Oregon Retirement Savings Board for obstructing federal law. In the complaint, ERIC is requesting an injunction against only the reporting requirement OregonSaves imposes on employers that already provide a retirement plan… More

Treasury Issues Final Mortality Table Rule

ERIC is pleased the Department of Treasury took into account a number of the requested changes listed in our comment letters, including flexibility for the plan sponsor to potentially delay for one year the use of the new mortality tables for purposes of satisfying minimum funding standards… More

Tax Reform Must Preserve Employer-Sponsored Benefits

ERIC appreciates that the Republicans’ United Framework for Tax Reform encourages retirement security and is hopeful that as lawmakers move forward crafting legislation, they will preserve the pre-tax treatment of employer-sponsored benefits… More

Delay of Mortality Table Rule Creates Stable Environment for Plan Sponsors

ERIC encourages the Office of Information and Regulatory Affairs (OIRA) to delay the implementation date for the proposed Department of Treasury rule on mortality tables for determining present value under defined benefit pension plans… More

ERIC Applauds Call for Elimination of Onerous Health Care Taxes

The ERISA Industry Committee (ERIC) applauds Chairman Orrin Hatch’s (R-Utah) opening statement at today’s Senate Finance Committee’s meeting, where he called for the elimination of the health insurance tax (HIT) on fully insured health plans and the 40 percent “Cadillac” excise tax on employer-sponsored health insurance… More

ERIC Teams with Business Groups to Ask Congress to Protect Employer-Sponsored Health Care

The ERISA Industry Committee (ERIC), along with a robust group of other trade associations representing employers, sent a letter to members of Congress expressing support for legislation that continues funding for the cost-sharing reduction (CSR) payments under the Affordable Care Act (ACA), but also asking that the 178 million Americans who receive health insurance through their employer be provided relief from the ACA… More

Employers Need Guidance on Fiduciary Rule Monitoring Requirements

The ERISA Industry Committee (ERIC) submitted comments to the Department of Labor (DOL) on the fiduciary rule and the uncertainty surrounding a plan fiduciaries’ monitoring obligations… More

New Survey Highlights How Employers are Innovating in Spite of Rising Health Care Costs

Today’s release of the National Business Group on Health’s (NBGH) annual survey highlights the important role large employers play as innovators in the health care system, their interest in how health care is delivered and paid for, and the increased availability of telemedicine… More

Senate Misses Opportunity to Protect and Improve Health Care

The United States Senate last night missed an extraordinary and historic opportunity to begin fixing our nation’s broken health care system by reducing damaging taxes, empowering patients with improved consumer-driven health options, and stabilizing the individual markets, many of which may currently be in a death spiral… More

Governor Christie Must Veto Paid Family Leave Expansion

The ERISA Industry Committee (ERIC) sent a letter to New Jersey Governor Chris Christie urging him to veto New Jersey Assembly Bill 4927 due to the bill hindering large employer’s ability to implement and administer consistent paid leave programs across state lines… More

OregonSaves will Force Large Employers to Redirect Costs

The ERISA Industry Committee is disappointed that Oregon lawmakers ignored the Joint Resolution of Disapproval rescinding federal rulemaking that allowed states to create mandatory retirement plans and next week will launch a pilot of OregonSaves, a program that will eventually reach beyond what the federal law allows by imposing a compliance burden on employers who voluntarily provide a retirement plan to their employees… More

Paid Leave Laws Need Clear, Consistent Language

The ERISA Industry Committee (ERIC) today submitted comments on the State of New York Workers’ Compensation Board’s revised proposed rules on the state’s Paid Family Leave program… More

Senate Health Care Bill Will Reduce Costs for Employers and Employees

The ERISA Industry Committee (ERIC) is pleased that the Senate’s health care bill recognizes the important role employer-sponsored health insurance plays in providing health benefits to more than 178 million Americans. We appreciate the Senate’s efforts to reduce taxes that are passed on to health care purchasers and consumers, improve consumer-driven health options like Health Savings Accounts (HSAs), and prevent cost-shifting by stabilizing the individual markets… More

ERIC Pulls Support of New Jersey Telehealth Bill

The ERISA Industry Committee (ERIC) submitted new written testimony to the New Jersey General Assembly Appropriations Committee pulling its support for telehealth legislation – Assembly Committee Substitute for Assembly Bill 1464 … More

Medicare Advantage Can be Improved by Adopting Value-Based Health Plan Designs

The DRIVE Health Initiative submitted testimony today before the U.S. House of Representatives Ways & Means Health Subcommittee detailing how Medicare Advantage plans could benefit by adopting value-based health plans designs… More