Press Releases

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

The DOL Must Modernize: How Old Rules Are Hurting Benefit Plans & Participants

The ERISA Industry Committee (ERIC) today testified before the Department of Labor’s (DOL) ERISA Advisory Council on Employee Welfare and Pension Benefit Plans about streamlining and eliminating unnecessary disclosure requirements placed on health and retirement plan sponsors… More

Nevada’s Governor Must Veto Overreaching Paid Sick Leave Bill

The ERISA Industry Committee (ERIC) today sent a letter to Nevada Governor Brian Sandoval urging him to veto Senate Bill 196. The bill infringes on large employers’ ability provide paid sick leave under existing policies that already offer generous amounts of leave… More

Texas Governor Signs Telehealth Bill Into Law

The ERISA Industry Committee (ERIC) applauds Texas Governor Greg Abbott for signing Senate Bill 1107 into law over the weekend. ERIC is especially pleased that the bill requires the same standard of care for telehealth services as for in-person visits, permits e-prescribing, and eliminates the requirement that a provider and patient meet in person before taking advantage of telehealth services… More

Health Reform: A Chance to Get it Right

The ERISA Industry Committee (ERIC) today submitted a letter to the Senate Finance Committee urging it to use health care reform as a vehicle to improve consumer-driven options for Americans, reduce health care taxes, and improve public sector programs to focus on value… More

Employer-Sponsored Retirement Plans Not Subject to State Plan Rule

The ERISA Industry Committee thanks President Trump for protecting employer-sponsored retirement plans by fully repealing the Department of Labor rules that allowed state governments to enact mandatory retirement plans that do not comply with the Employee Retirement Income Security Act… More

Texas One Step Closer to Telehealth Law

The ERISA Industry Committee (ERIC) applauds the Texas House of Representatives for passing telehealth legislation that will allow millions of Texans access to the care they need, when and where they need it… More

ERIC Asks for Changes to Nevada’s Paid Sick Leave Legislation

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

House Passage of the American Health Care Act is a Positive Step Forward

The ERISA Industry Committee (ERIC) supports the U.S. House of Representatives’ passage of the American Health Care Act (AHCA). Most important to large employers is the AHCA’s repeal of the cap on the individual tax exclusion for employer-provided health benefits. The repeal was imperative to allowing employers to continue to provide high quality, robust health care benefits for employees, retirees, and their families… More

U.S. Senate Protects Employer-Sponsored Retirement Benefits

The ERISA Industry Committee (ERIC) is pleased that the United States Senate has passed a resolution fully repealing the Department of Labor rules that have allowed state governments to enact mandatory retirement plans that do not comply with the Employee Retirement Income Security Act… More

Business Groups Urge Administration to Accelerate Market-Based Health Care Reforms

A national partnership led by two business organizations representing Fortune 500 companies, the Pacific Business Group on Health and The ERISA Industry Committee, announced today the DRIVE Health Initiative, a campaign to accelerate economic growth by controlling health costs and improving quality through the rapid adoption of value-based health care… More

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

Oregon’s State Retirement Savings Plan Infringes on ERISA

The Oregon Retirement Savings Board today approved final rules that apply to the operation of OregonSaves, the state-run mandatory retirement plan. Oregon is the first state, of the seven other states that have passed legislation to implement these plans, to provide regulatory guidance.… 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