Updates

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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

Will Hansen Gives “Tip of the Week” to Employment Law This Week

Will's tips focus on how tax reform could impact executive compensation programs… More

protected content Alert: ERIC Submits Comments to North Dakota Administrative Rules Committee

On December 4, ERIC submitted comments related to the North Dakota Board of Medicine’s proposed telemedicine rules, which will be reviewed at the State Administrative Rules Committee today… More

protected content Tax Reform - Next Steps

We have lift off – a tax reform proposal has passed both the Senate and the House. Early morning on Saturday, the Senate passed a tax reform proposal on a vote of 51-49. All signs are pointing to a Conference Committee to work out the differences between the two pieces of legislation… More

ERIC’s Comment Letter on Proposed Telemedicine Rules in North Dakota

On behalf of The ERISA Industry Committee (ERIC), thank you for accepting input from interested stakeholders as you consider the North Dakota Board of Medicine’s proposed rules regarding telemedicine. ERIC is the only national association that advocates exclusively for large employers on health, retirement, and compensation public policies at the federal, state, and local levels. We speak in one voice for our members on their benefit and compensation interests, including many members with employees and retirees in North Dakota… More

protected content Alert: Paid Sick Leave Updates

Paid sick leave is coming to Maryland next year, how it will look though is still up for debate. As a reminder, the Maryland General Assembly passed H.B. 1 just days before the legislative session ended on April 10… More

ERIC Letter to Chairman Hatch on Tax Reform Legislation

The ERISA Industry Committee applauds your efforts to develop tax reform legislation without adversely impacting the ability of workers and families to save for retirement. We look forward to working with you to advance retirement savings measures in future legislation… More

protected content DOL’s ERISA Advisory Council 2017 Executive Summary

Earlier this year, ERIC testified before the Department of Labor's ERISA Advisory Council. This month, the Council met and compiled its 2017 Executive Summary for Secretary of Labor Acosta, the topic of which was health and retirement plan disclosures… More

protected content California Secure Choice Update & Tax Reform

This week the GOP took another step closer to passing its tax reform bill after the Senate Budget Committee voted to advance the bill to the Senate floor. With a party line vote of 12-11, Republican leadership and President Trump were able to get Senators Bob Corker (R-TN) and Ron Johnson (R-WI) on board with the bill despite both threatening to vote “no” the day before… More

protected content New Resource - State of the State Innovation Waivers

Article by Adam Greathouse, Health Care Policy Associate Under the Affordable Care Act (ACA), states may pursue what is known as a State Innovation Waiver (also known as a Section 1332 Waiver) that permits increased flexibility in a state’s health care laws and regulations. For a waiver to be approved under ACA Section 1332, the innovation must allow for coverage that is as comprehensive and affordable as what would exist without the waiver, it must cover a comparable number of people, and it cannot increase the federal deficit … More

protected content HHS Nominee Hearing Coming, End-of-Year Health Care Legislation, HSA Action, and More

On November 29 at 9:30am, the Senate Health, Education, Labor and Pensions (HELP) Committee will hold a hearing on Alex Azar’s nomination to be Secretary of Health and Human Services (HHS). The Committee hearing is a “courtesy hearing”—it will not be a vote on Azar’s nomination (the Senate Finance Committee is the one that will have to report Azar out to the Senate floor). Azar’s nomination to fill the vacancy left by Secretary Tom Price was announced on November 13 by President Trump… More

protected content Employer Mandate, Tax Reform, HSAs and More!

On November 2, the IRS released guidance on the process for assessing employer shared responsibility payments under the Affordable Care Act (ACA). Employers may soon receive notice from the IRS about their liability for an ACA employer-shared responsibility payment for the 2015 calendar year. The amount will be based on the information on Forms 1094-C and 1095-C as well as an employee’s individual tax return when an employee received a premium tax credit for at least one month in the year… More

protected content Senate Tax Reform Update

Mostly good news to share with you in this update! Senator Hatch, Chairman of Senate Finance Committee, released a revised edition of tax reform legislation. We successfully advocated for the removal of the following two items: (1) Non-Qualified Deferred Compensation Provisions (no changes to 409A); (2) Limit on Catch-Up Contributions for those who earn more than $500,000… More

protected content Alert: Massachusetts Releases Draft Regulations for Employer Medical Assistance Contribution

The Massachusetts Department of Unemployment Assistance released its draft regulations to implement the changes to the Employer Medical Assistance Contribution (EMAC), which ERIC has been alerting you to over the last several months. The purpose of these changes is to help fund the state’s Medicaid program… More

Letter to Chairman Hatch on Tax Reform

Today, ERIC sent a letter to Chairman Hatch regarding provisions in the Senate tax reform mark… 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

protected content Update on Oregon Litigation

On Monday, we shared an important and positive development in ERIC’s lawsuit against the mandate imposed by the OregonSaves state retirement program that impacts your company’s requirement to file for an exemption by November 15, 2017. We are providing the following clarifying information in response to questions raised from the prior communication… 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

protected content Important Update on Requirement to File in OregonSaves Program

I am sharing an important and positive development in ERIC’s lawsuit against the mandate imposed by the OregonSaves state retirement program that impacts your company’s requirement to file for an exemption by November 15… More

protected content Tax reform, Opioids, San Francisco, and More!

Let’s start with this: on the issue of protecting the tax exclusion for employer-sponsored health insurance, we win! For now… More

Letter to House Ways and Means Chairman Brady About Elimination of Section 127

The Coalition to Preserve Employer Provided Education Assistance, of which ERIC is a member, sent a letter on behalf of the Coalition urging Chairman Brady to reconsider the elimination of Section 127, employer provided education assistance, in H.R. 1, the tax reform bill… More

protected content Tax Reform Update

The House Republican Tax Reform Plan has been released… More

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