2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

protected content PBGC Updates

The PBGC announced 2019 premiums. You can find the new premium rates HERE. The per participant premium rate increased from $74 to $80 in 2019. We will continue to advocate for passage of the Pension Budget Integrity Act, which would remove the budget gimmick currently in place that gives Congress incentive to raise premium rates even though a rate increase in not necessary… More

protected content Pre-Conference Health Update on Opioids, Surprise Bills, Caddy

Chalk this up as an ERIC win worth several billion dollars to the employer community – the President has been sent a final opioids bill (H.R. 6, the “SUPPORT for Patients and Communities Act”), and the proposed payfor that would have extended from 30 to 33 months the coordinating period during which an employer must pay for kidney dialysis patients was not included. VICTORY! So for now, we are still at 30 months for end-stage renal disease (ESRD) patients on the employer plan… but we need to stay vigilant… More

ERIC Victory: President Signs Bill Banning Pharmacy Gag Clauses

ERIC applauds lawmakers and the Administration for coming together and banning so-called “gag clauses” in group health plans and individual market health insurance plans… More

protected content IRS Guidance, Paid Leave, Illinois Secure Choice

The IRS released further guidance in relation to the Tax Cut & Jobs Act that clarified what a business can and cannot deduct for entertainment purposes… More

ERIC Confident in Lawsuit Against the City of Seattle

The City of Seattle’s request to dismiss ERIC’s lawsuit against it, will not stop ERIC from fighting the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative… More

ERIC Fights for Solution to Multiemployer Pension Plan Crisis

ERIC signed a letter to the Joint Select Committee on Multiemployer Solvency urging the Committee to develop a comprehensive legislative solution to resolve the growing multiemployer pension plan crisis… More

protected content Retirement Legislation Advances

The Family Savings Act has passed the House of Representatives. I reported last week that this legislation included provisions related to multiple employer plans, withdrawing retirement funds to pay for expenses related to birth or adoption of a child, and universal savings accounts. In addition, the legislation included the favorable changes to non-discrimination testing for closed defined benefit plans… More

protected content Events and Notices

Happy Friday! I hope everyone had a great week. A quick update to remind all of you of some important events coming up in the next few weeks and a notice on the revised 402(f) notice… More

ERIC Sends Letter to Hill Opposing ESRD Provision in Opioids Bill

ERIC and members of the National Coalition on Benefits sent a letter reiterating our strong opposition to the end-stage renal disease (ESRD) provision in the House-passed version of the opioids bill… More

protected content Reminders, Surprise Billing, Opioids & Gag Clauses

The Senate has had a very busy week already, and ERIC has a number of opportunities for you coming up, so this will be a quick update to keep you in the loop. You probably saw that an appropriations bill passed too – one that funds the Departments of Labor and Health and Human Services, which is paired with a Continuing Resolution to keep the government from shutting down prior to the election… More

Electronic Disclosure is a Necessary Tool for Benefit Plan Sponsors

The ERISA Industry Committee is pleased the Trump Administration recognized the need to modernize how employers can send required disclosures and notices to plan recipients in its most recent Executive Order… More

protected content Quick Legislative Update, Even Quicker Balance Billing Survey

On the morning of Thursday, September 13, the House Energy and Commerce Committee unanimously approved H.R. 6733, the “Know the Cost Act of 2018.” This bill would ban pharmacy “gag clauses,” which prevent a pharmacist from telling a patient if it might be cheaper to just pay cash, rather than use their insurance… More

ERIC Supports Congress on Efforts to Enhance Retirement Security

The ERISA Industry Committee (ERIC) is pleased that the Family Savings Act was passed out of the House Ways and Means Committee and encourages its passage out of the U.S. House of Representatives… More

protected content ERIC 2018 Fall Policy Conference Agenda

ERIC's 2018 Fall Policy Conference Agenda… More

ERIC Works to Make Prescription Drug Costs More Transparent

ERIC sent a letter to the U.S. Senate urging lawmakers to support S. 2554, the “Patient Right to Know Drug Prices Act.” The bill would ban so-called “gag clauses” in group health plans and individual market health insurance plans. These clauses prevent pharmacists from informing a patient that filling a prescription might be cheaper if the patient pays cash, rather than the negotiated copay under their insurance coverage… More

U.S. House of Representatives Should Vote Yes to Delay Cadillac Tax

ERIC sent a letter to the U.S. House of Representatives urging lawmakers to vote yes on H.R. 3798, the “Save American Workers Act of 2018.”… More

protected content Tax Reform 2.0 Update

Earlier today, the Tax Reform 2.0 bills were introduced in the House of Representatives. Three separate bills were introduced with one of them focused on retirement savings – H.R. 6757, Family Savings Act of 2018… More

ERIC Supports Legislation to Delay Cadillac Tax

This week, the House is expected to vote on H.R. 3798, the “Save American Workers Act of 2018.” The ERISA Industry Committee (ERIC) urges you to support this legislation. ERIC is the only national trade association that advocates exclusively for federal, state, and local public policies that support large employers sponsoring health, retirement, and compensation plans… More

protected content Employee Stock Offering Survey

ERIC conducted a spot survey of its members on the use of employee stock offerings… More

protected content Survey on the Funding of Nonqualified Deferred Compensation (NQDC) Plans

ERIC conducted a spot survey on the funding of nonqualified deferred compensation (NQDC) plans… More

protected content Seattle lawsuit update, Pharmacy gag clause bills advance, FTC biosimilars letter, and more!

This week there has been some progress in ERIC’s lawsuit to have Part 3 of the Seattle hotel health care mandate ruled preempted by ERISA. On September 5, ERIC and the City of Seattle agreed to this order, which was subsequently filed for approval with Judge Zilly. Under the terms of the order, the City will get an extension on their deadline to file a response to our initial complaint. In exchange, the City will not enforce Part 3 of the law, which is the part that mandates hotels of a certain size provide gold-level coverage (80% actuarial value) at a very high affordability threshold (no more than 5% of income)… More

ERIC and Seattle Agree to Temporary Exemption in Wake of Lawsuit

ERIC is pleased the City of Seattle has agreed to a temporary non-enforcement of the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative - SMC 14.25 … More

ERIC to Work with Trump Administration to Enhance Retirement Security

The ERISA Industry Committee (ERIC) applauds the Trump Administration for today’s executive order promoting programs that enhance retirement security and expanding access to workplace retirement savings plans for American workers… More

protected content California ESRD regulation, House committee to take up “gag clause” bill

Last night, the California Assembly (their lower legislative chamber) passed a piece of legislation that we have been watching closely – which mirrors efforts ERIC has been engaged in on the federal level. Here’s a rundown of what you’ll care about in the bill, SB 1156… More

protected content Student Loan Letter Sent to IRS

On August 17, the IRS published a private letter ruling (PLR) allowing the employer that requested the ruling to provide a nonelective contribution on behalf of an employee to his or her retirement account, but it is conditioned on the employee making student loan repayments. To be clear, the employer would not be repaying the employee's student loans but matching the amount they put towards their student loans and contributing that amount to the employee's 401(k) account… More

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018