Press Releases

Tax Reform Can Both Improve the Economy and Protect Employer-Sponsored Benefits

The ERISA Industry Committee is pleased with President Trump’s tax reform framework, which avoids imposing dangerous taxes on employer-sponsored health and retirement benefits… More

ERIC Asks Treasury and OMB for Additional Review of Mortality Table Regulations

The ERISA Industry Committee (ERIC) today submitted a letter to the U.S. Department of Treasury and Office of Management and Budget urging the agencies to deem the defined benefit mortality table proposed regulations subject to Executive Orders 12866 and 13771, causing the regulations to receive additional review, including a thorough economic analysis… More

New York Must Not Over Burden Large Employers With New Paid Leave Rules

The ERISA Industry Committee (ERIC) submitted comments to the State of New York Workers’ Compensation Board on proposed rules to the state’s paid family leave program… More

Proposed IRS Rule Targets Employers’ Ability to Offer Retirement Plans

The ERISA Industry Committee (ERIC) submitted comments to the Internal Revenue Service (IRS) regarding provisions in the proposed rule, Mortality Tables for Determining Present Value under Defined Benefit Pension Plans… More

U.S. Senate Protects Employer-Sponsored Retirement Benefits

The ERISA Industry Committee (ERIC) is pleased that the United States Senate adopted resolution 67 fully repealing the Department of Labor rules that allowed local governments to enact mandatory retirement plans that do not comply with the Employee Retirement Income Security Act. These rules were overly broad and enabled local governments to infringe on retirement plans already offered by employers… More

ERIC Submits Testimony on Nevada Paid Sick Leave Legislation

The ERISA Industry Committee (ERIC) today submitted written testimony on paid sick leave legislation in Senate Bill 196 (SB 196) to the Nevada Senate Committee on Commerce, Labor, and Energy… More

ERIC Supports Delaying the Fiduciary Rule

The ERISA Industry Committee (ERIC) submitted comments to the Department of Labor (DOL) supporting the 60-day delay of implementing the fiduciary rule… More

ERIC Supports Texas Telehealth Legislation

The ERISA Industry Committee (ERIC) today submitted testimony supporting telehealth legislation (SB 1107) to the Texas Senate Health and Human Services Committee ahead of tomorrow’s hearing… More

House GOP Plan for Repealing & Replacing the Affordable Care Act Leaves Employers in Limbo

Today’s policy brief from Republicans in the United States House of Representatives was disappointing as it does nothing to clear up questions about the GOP’s plan to repeal and replace the Affordable Care Act or explain how it will be paid for… More

ERIC Works to Establish Favorable Telehealth Laws in Kansas

The ERISA Industry Committee (ERIC) is working to help create barrier-free access to telehealth and fair reimbursement practices in Kansas… More

ERIC’s Statement on Passage of Joint Resolutions of Disapproval on State and Local Retirement Plans

The ERISA Industry Committee (ERIC) is pleased the House passed resolutions repealing the Department of Labor rules that have allowed state and local governments to enact mandatory retirement plans… More

ERIC Comments on Maryland’s Proposed Paid Leave Bills

Companies that employ tens of thousands of workers in states across the country need consistent rules regarding employee benefits and compensation arrangements. Benefits and compensation include everything from wages to employer-sponsored healthcare and retirement plans and compensatory time off, including paid sick, paid parental and paid vacation leave… More

Senate Takes up Fight to Move PBGC Premiums Off-Budget

A group of 8 associations, including ERIC, today sent a letter to Senator Mike Enzi (R-WY) thanking him for introducing the Pension and Budget Integrity Act of 2017… More

Statement re: Senate HELP Committee Hearing on Stabilizing the Individual Health Insurance Market

Chairman Alexander, Ranking Member Murray and members of the Committee, thank you for this opportunity to submit a statement for the record on behalf of The ERISA Industry Committee (ERIC), regarding the hearing on stabilizing the individual health insurance market.… More

ERIC Welcomes the Opportunity to Work with President Trump and His Administration

The ERISA Industry Committee (ERIC) welcomes the opportunity to work with President Trump and his administration. ERIC, the only national association that advocates exclusively for large employers on health, retirement, and compensation public policies at the federal, state, and local levels, will work with the Trump Administration to protect and support the employer-sponsored benefits system … More

The ERISA Industry Committee Supports Repeal of the Affordable Care Act’s Excise Tax

ERIC submitted a letter in support of the “Middle Class Health Benefits Tax Repeal Act of 2017,” legislation that would eliminate the devastating 40 percent excise tax on health benefits imposed by the Affordable Care Act… More

ERIC Works to Alleviate Burden for Large Employers after Loss of Determination Letter Program

The ERISA Industry Committee (ERIC) is working with the U.S. Department of the Treasury and Internal Revenue Service (IRS) to assist in enhancing avenues for plan document compliance in the wake of the discontinuance of the IRS determination letter program for on-going individually designed plans… More

Changes to Form 5500 Open Employers Up to Litigation & Participants May See Increase in Fees

ERIC submitted comments on the proposed amendments to the annual reporting and disclosure requirements for plan sponsors via Form 5500 to the Department of Labor, the Internal Revenue Service, and the Pension Benefit Guaranty Corporation… More

ERIC Responds to GAO Survey on Retirement Savings

The ERISA Industry Committee (ERIC) strongly disagrees with the recommendations made by U.S. Government Accountability Office’s (GAO) regarding 401(k) plans… More

ERIC Responds to Mercer Survey of Employer-Sponsored Plans

Today’s release of data from Mercer’s National Survey of Employer-Sponsored Health Plans, highlights the important role large employers’ play as plan sponsors… More

Student Loans Affect Employees’ Ability to Save for Retirement

Employers voluntarily provide quality retirement benefits to millions of Americans, but more and more employers are concerned with their employees’ inability to save for retirement due to student loan debt… More

Don’t Tax Working Families to Bail Out Troubled Health Exchanges

ERIC today submitted comments to the Centers for Medicare and Medicaid Services (CMS) supporting the legally required end of the Transitional Reinsurance Program, and calling for the flawed process under which employers can challenge individuals’ premium tax subsidies to be suspended immediately… More

ERIC Submits Comments on Shared Responsibility

The ERISA Industry Committee (ERIC) today submitted comments to the Internal Revenue Service (IRS) on proposed rules regarding reporting requirements for large employers that offer group health plans to employees and their familes… More

DOL Ignores Employers Pleas and Adds to Compliance Burden

The Department of Labor completely ignored the pleas of employers from across the country, as this rule will only increase their compliance burden… More

EEOC Revisions Place Undue Burden on Employers

The ERISA Industry Committee (ERIC) is disappointed in the U.S. Equal Employment Opportunity Commission’s (EEOC) final rule that provides revisions to the EEO-1 Report… More