Updates

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ERIC Comments on Update to Minimum Present Value Requirements for Defined Benefit Plan Distributions

The ERISA Industry Committee (ERIC) is pleased to respond to the request by the Internal Revenue Service (“IRS”) for comments regarding the provisions contained in the proposed Update to Minimum Present Value Requirements for Defined Benefit Plan Distributions (the “proposed regulations”) and to request the opportunity to testify at the March 7, 2017 hearing on this subject. Our testimony will address the points made in this comment letter… More

ERIC Comments on Oregon Retirement Savings Plan

The ERISA Industry Committee (“ERIC”) is pleased to respond to the request of the Oregon State Treasury for comments regarding rules on the Oregon State Retirement Savings Plan (“Proposed Rule”)… More

ERIC Submits Comments to IRS and Treasury on Pension Equity Plans

The ERISA Industry Committee (“ERIC”) is pleased to respond to the request of the U.S. Treasury Department and the Internal Revenue Service (collectively, the “Agencies”) for comments regarding Notice 2016-67 (the “Notice”), which addresses the applicability of Code § 411(b)(5)(B)(i) to “implicit interest” pension equity plans… More

protected content Draft Comments on Minimum Present Value Rules

Attached is a copy of the draft comment letter to the IRS on the proposed rules that impact minimum present value requirements for defined benefit plans… More

protected content Telehealth Newsletter - Thirty-seveth Edition

In this edition of ERIC's Telehealth Task Force newsletter, we cover: state activity in Washington, DC and Kansas, and engagement opportunities in New Jersey, Connecticut, and Delaware… 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

protected content Hot off the presses, the GOP plan?

Just wanted to make sure you all had the latest on “repeal and replace” of the ACA. Here’s a copy of the document that was shared with House Republicans this morning. This is NOT a piece of legislation… 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

protected content House Passes Repeal of State/Local Retirement Plan Rules

A few minutes ago, the House of Representatives passed two resolutions that would repeal the Department of Labor rules on state and local retirement plans. Our intense advocacy efforts to prevent state and local mandates that infringe on employers who already sponsor a retirement plan have been successful in the House… More

protected content Nominations Update, ACA Reconciliation Bill Coming, Individual Market Reg, and More

Good afternoon and happy Valentine’s day! Although the news may be dominated by national security issues, immigration orders, and dams bursting on the West Coast, here in Washington, D.C. policymakers continue to trudge forward on setting up the new Administration, designing legislation to repeal and replace the Affordable Care Act (ACA), prevent an individual market collapse, and more. I’ve got a couple updates for you, so enjoy… More

protected content Draft Comments on Oregon State Retirement Plan Rules

Click here for the draft comments to the State of Oregon on the proposed rules issued under the Oregon Retirement Savings Plan. Please review the draft comments and provide feedback by COB on Monday, February 20th. We will submit the comments no later than the due date, Wednesday, February 22nd… More

ERIC & Others Call on White House to Permanently Repeal Cadillac Tax, Not Tax Health Benefits

ERIC and 26 other associations signed on to a letter sent to the White House National Economic Council and Domestic Policy Council this afternoon urging it to call for full and permanent repeal of the 40 percent “Cadillac Tax” on health benefits and protecting the longstanding tax treatment of employer sponsored coverage… More

protected content Immediate Opportunity - Paid Leave Legislation in Maryland

The Maryland legislature is currently considering a series of bills related to paid leave in the state. Although there are currently 6 active bills that fit this profile in Maryland, I’d like to draw your attention to two of them: SB 230 and SB 305… 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

Letter to House Leadership on Resolution of Disapproval Under the Congressional Review Act (CRA)

The ERISA Industry Committee (ERIC) is pleased to support a resolution of disapproval under the Congressional Review Act (CRA) for the repeal of the Department of Labor’s Rules on Savings Arrangements Established by States for Non-Governmental Employees and Savings Arrangements Established by Qualified State Political Subdivisions for Non-Governmental Employees… More

protected content Telehealth Newsletter - Thirty-sixth Edition

In this edition of ERIC's Telehealth Task Force newsletter, we cover: ERIC's model telehealth legislation, as well as state engagement opportunities in Colorado, Arkansas, New Jersey, and Delaware… 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

ERIC Model Telehealth Legislation

ERIC's telehealth model legislation that is designed to guide policy and government relations staff on core telemedicine issues. Our model legislation is carefully crafted to ensure that legislation encourages access to high-quality telehealth services for our members' employees, their families, and retirees… More

protected content Honeycutt v. Washington Department of Labor & Industries

On Wednesday, a court decision was reached in Washington state that is a prime example of what ERIC members are up against in wading through the ever increasing state and local paid leave laws (Honeycutt v. Washington Department of Labor & Industries , 2017 BL 27185, Wash. Ct. App., Div. 1, No. 74338-4-I, 1/30/17 ). In Honeycutt, the lawsuit was filed against Phillips 66 by two employees because of the type of leave offered and limitations on leave use… 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

protected content Nominations Move, Individual Markets, Litigation Update, and More

Good afternoon. I hope everyone is having a good week. It’s been a pretty busy last 2 weeks, between the executive transition, drama in Congress over nominations, the GOP policy retreat, ERIC’s board meeting last week, and more. Not to mention, a new executive order, specifying that for every new regulation the Administration puts out, they have to eliminate two others! This update will attempt to keep everyone abreast of these ongoing developments… More

House Takes up Fight to Move PBGC Premiums Off-Budget

Thank you for your leadership in introducing the Pension and Budget Integrity Act of 2017. As members of the Pension Coalition, we support your efforts to protect the defined benefit plan system and the millions of retirees who benefit from these plans… More

protected content Executive Orders, Price Nomination, GOP Replace Plans, GOP Policy Retreat, and More

Today we will discuss: (1) Executive Action So Far, (2) Tom Price’s 2nd Hearing, (3) The Latest ACA Replacement Proposals, (4) The GOP Policy Retreat, (5) Court Blocks Insurer Merger, and (6) FDA and Rx Update… More

ERIC Supports Dr. Tom Price’s Nomination

We write to the Senate Finance Committee to share our support for the nomination of Dr. Tom Price for Health and Human Services Secretary… More

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