Washington, D.C. -- The ERISA Industry Committee (ERIC) on November 12 submitted comments to the Pension Benefit Guaranty Corporation (PBGC)… More

ERIC Press Statement For Immediate Release: February 12, 2010 Washington, D.C. -- Statement by ERIC President Mark Ugoretz on the decision… More

Washington, D.C. -- ERIC on April 17 joined 28 other trade associations in submitting a statement for the record for a House Ways and Means… More

ERIC, along with seven other business trade groups, on February 28 sent to key Senators a statement of support for a pension-funding… More

Washington, D.C. –The ERISA Industry Committee (ERIC) on February 21 urged House Ways and Means Committee Chairman Dave Camp and Ranking Member Sander Levin to continue allowing companies to make transfers from overfunded pension plans to pay for retiree health care and to expand current law to include retiree life insurance. … More

ERIC continues to lobby Members of Congress in strongly opposing the Obama’s Administration’s proposal to increase flat-rate… More

The ERISA Industry Committee (ERIC), along with the American Benefits Council, Business Roundtable, and the U.S. Chamber of Commerce on November 11 warned that the PBGC’s purported deficit is a “non-event on the horizon,” and called on Congress to oppose the proposal to increase PBGC premiums.… More

ERIC News Release For Immediate Release:  September 22, 2011 Washington, D.C. -- In a letter to members of the Joint Deficit Reduction… More

ERIC, along with several other business groups, on June 6 wrote to all Members of Congress urging the lawmakers to oppose the proposal to… More

ERIC, along with several other trade associations, on April 4 wrote to the chairmen and ranking members of the key House and Senate… More

ERIC News Release For Immediate Release: May 21, 2010 Washington, D.C. -- The ERISA Industry Committee (ERIC), the Washington, D.C.-based… More

Secretary of Labor Hilda Solis on April 13 wrote to the chairs of the House Education and Labor Committee and the Ways and Means Committee,… More

Washington, D.C. – Gretchen R. Haggerty, Executive Vice President and Chief Financial Officer for the United States Steel Corporation testified today on behalf of The ERISA Industry Committee (ERIC) before the House Education and Workforce Subcommittee on Health, Education, Labor & Pensions for a hearing on balancing pension security and economic growth.… More

Washington, D.C. – The ERISA Industry Committee (ERIC) today submitted to the Department of Treasury and Internal Revenue Service a series of three comment letters in response to their February 2012 package of proposed regulations and revenue rulings regarding lifetime-income options for participants and beneficiaries in retirement plans. … More

ERIC, along with several other trade associations, on December 16 urged the Pension Benefit Guaranty Corporation to suspend enforcement of a… More

ERIC, in conjunction with various other business trade associations, recently filed a letter with the PBGC raising concerns with the… More

Last week, ERIC, in collaboration with other business groups representing employer-sponsored retirement plans, sent a follow-up list of… More

ERIC and other business trade associations in a June 24 letter to the PBGC requested that the agency review its procedures relating to… More

ERIC on April 29 submitted comments to the Department of Treasury in response to a Request for Information (RFI) as part of President… More

ERIC on April 19 submitted comments to the Pension Benefit Guaranty Corporation in response to a request for information on ways the agency… More

ERIC on April 8 submitted comments to the Department of Labor (DOL) in response to a Request for Information (RFI) on ways the Department… More

The ERISA Industry Committee (ERIC) on February 22 submitted comments to the Commodity Futures Trading Commission (CFTC) and Securities and… More

ERIC on November 17 wrote to the IRS and Treasury Department regarding the issue of investment of Puerto Rico trust assets. Many large… More

Washington, D.C. -- The ERISA Industry Committee (ERIC) on November 12 submitted comments to the Pension Benefit Guaranty Corporation (PBGC)… More

ERIC News Release For Immediate Release: May 20, 2010 Washington, D.C. -- The ERISA Industry Committee (ERIC), the Washington, D.C.-based… More

Washington, D.C. -- The ERISA Industry Committee (ERIC), the Washington, D.C.-based trade association representing America's major… More

Senator Tom Harkin (D-IA), Chair of the Senate Health, Education, Labor and Pensions Committee, has introduced “Rebuild America… More

The Senate on March 14 approved by a 74-22 vote a highway-transportation reauthorization bill (S. 1813) that includes a discount-rate… More

Legislation has been introduced in the California Senate that would require employers with five or more employees in the State of California… More

Legislation signed into law last week by President Obama extends the “temporary” payroll tax cut through the end of 2012,… More

An amendment (S.A. 1633) offered during Senate consideration of legislation (S. 1813) to reauthorize surface transportation funding contains… More

Recently, the Obama Administration released a document providing detailed legislative language for its proposal on deficit reduction. … More

House Ways and Means Committee Member Ron Kind (D-WI) on July 26 introduced the Pension Technical Modifications Act (H.R. 2656) to make… More

President Obama on June 25 signed into law H.R. 3962, the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act… More

The Senate on June 18 approved defined benefit funding relief as part of legislation (H.R. 3962, the Preservation of Access to Care for… More

House Ways and Means Committee Chairman Sander Levin (D-MI) and Senate Finance Committee Chairman Max Baucus (D-MT) late last week released… More

The full Senate on March 10 approved 62-36 the American Workers, State, and Business Relief Act of 2010 (H.R. 4213), legislation that… More

Senate Finance Committee Chair Max Baucus (D-MT) and Ranking Member Grassley (R-IA) have released the Finance Committee jobs bill, the… More

The Financial Crimes Enforcement Network (FinCEN) on February 24 announced a general exemption from mandatory electronic filing of the… More

The Treasury Department and Internal Revenue Service on February 8 issued proposed regulations implementing the information reporting and… More

The Department of Labor on February 3 published in the Federal Register long-anticipated final rules under ERISA section 408(b)(2) requiring… More

The Internal Revenue Service on January 11 released a new Frequently Asked Question (FAQ) addressing when a plan administrator may answer… More

The Internal Revenue Service over the past two weeks released several pieces of guidance updating various employee benefit plan procedures… More

The Pension Benefit Guaranty Corporation on December 22 published in the Federal Register a policy statement explaining that the agency will… More

The Internal Revenue Service on December 19 released Notice 2012-6 extending and expanding the transition relief given under Revenue Ruling… More

The Internal Revenue Service on December 16 in Announcement 2011-82 outlined changes to the determination letter application process that… More

The Internal Revenue Service on December 12 released the 2011 Cumulative List of Changes in Plan Qualification Requirements (2011 Cumulative… More

Pension Benefit Guaranty Corporation Technical Update 11-1 released December 7 provides guidance for the 2012 plan year on complying with… More

The Pension Benefit Guaranty Corporation on December 1 published in the Federal Register an updated Selection of Retirement Rate Category… More

The Internal Revenue Service on November 29 issued Notice 2011-96 providing a sample plan amendment that plan sponsors may adopt to satisfy… More

The Pension Benefit Guaranty Corporation on November 23 announced that the yearly maximum benefit a 65-year-old retiree can receive has… More

The Pension Benefit Guaranty Corporation on October 31 published in the Federal Register a proposed regulation implementing the Pension… More

The Internal Revenue Service, Pension Benefit Guaranty Corporation, and Social Security Administration recently announced the 2012 cost of… More

The Internal Revenue Service and the Treasury Department on October 12 released Notice 2011-85, which extends a number of deadlines related… More

The PBGC has released a Notice that will grant relief from certain premium penalties involving alternative premium funding target… More

The Obama Administration on August 23 released the final regulatory review plans for the various federal agencies as part of President… More

The Financial Accounting Standards Board (FASB) on July 27 approved a revised accounting standard that seeks to provide additional… More

The Internal Revenue Service announced that it will extend the filing due date for the 2009 and 2010 Form 8955-SSA, Annual Registration… More

The Internal Revenue Service has released Notice 2011-54, which provides additional administrative relief to persons required to file Form… More

The Pension Benefit Guaranty Corporation on June 14 published in the Federal Register a final rule reducing the amount of pension benefits… More

The Internal Revenue Service on May 31 published Revenue Procedure 2011-31 providing instructions for plan sponsors to file electronically… More

The IRS and the Treasury Department's Financial Crimes Enforcement Network (FinCEN) on May 31 announced that a subset of individuals… More

The government agencies overseeing employee-benefit issues (i.e., Labor, Treasury, PBGC, and HHS) in the past two weeks released their… More

In response to President Obama's Executive Order 13563 instructing federal agencies to detail their methods for reviewing existing… More

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) on February 24 issued final rules amending the Bank Secrecy Act… More

The Department of Labor's Employee Benefits Security Administration (EBSA) on November 18 published in the Federal Register a proposed… More

The Pension Benefit Guaranty Corporation on August 10 released a proposed rule on the application and enforcement of employer liabilities… More

The Pension Benefit Guaranty Corporation last week released Technical Update 10-2, which provides relief to plan sponsors that intended to… More

The House on May 28 approved by a vote of 215 to 204 legislation (H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010) to… More

The Department of Labor's recently released its spring regulatory agenda, which lists guidance projects covering a wide variety of… More

The International Accounting Standards Board on April 29 released for public comment an exposure draft of proposed amendments to IAS 19… More

A U.S. district court has ruled that a former executive for a subsidiary company can continue with claims alleging a company that offered an… More

he Pension Benefit Guaranty Corporation recently expanded its website by adding a Legal Filings and Decisions section to its resources page.… More

The Congressional Research Service has updated a report on the Pension Benefit Guaranty Corporation to include the interest stabilization… More

A recent study by the Government Accountability Office finds that pension plan sponsors investing in hedge funds and private equity have not… More

President Obama on February 13 unveiled a $3.8 trillion budget proposal for fiscal year 2013 that seeks to continue with the economic… More

The Internal Revenue Service on December 12 released the 2011 Cumulative List of Changes in Plan Qualification Requirements (2011 Cumulative… More

The Internal Revenue Service, Pension Benefit Guaranty Corporation, and Social Security Administration recently announced the 2012 cost of… More

A Government Accountability Office report released August 1 found that the there has been little focus on the extent to which the Pension… More

he Pension Benefit Guaranty Corporation recently expanded its website by adding a Legal Filings and Decisions section to its resources page.… More

The Financial Accounting Standards Board at its June 29 board meeting tentatively decided that multiemployer health and welfare plans will… More

A recent Government Accountability Office report prepared for Senate Special Committee on Aging Chairman Herb Kohl (D-WI) suggests that… More

The Government Accountability Office (GAO) released the results of an examination on the use of Qualified Supplemental Executive Retirement… More

The Board of Directors of the Pension Benefit Guaranty Corporation on May 27 announced that it had adopted a new investment policy that… More

According to the results of Milliman’s 2012 Pension Funding Study, which analyzes the 100 largest US corporate pensions, record-low… More

With benefit costs rising and increased regulatory complexity, four out of 10 U.S. employers expect to spend more time governing their… More

With permission from Mercer, we are providing ERIC members with an analysis by Mercer of the pension funding relief legislation (the… More

According to a recent analysis by Mercer, the funded status for most pension plans is anticipated to decline significantly and pension plan… More

Washington, D.C. – The ERISA Industry Committee (ERIC) today submitted to the Department of Treasury and Internal Revenue Service a series of three comment letters in response to their February 2012 package of proposed regulations and revenue rulings regarding lifetime-income options for participants and beneficiaries in retirement plans. … More

"ERIC applauds the Senate for supporting pension stabilization relief and recognizing the urgency of this issue. We are pleased the Senate expanded to 25 years the period to determine and stabilize the segment rates, and made the relief permanent, compared to an earlier draft of the proposal. … More

Washington, D.C. –The ERISA Industry Committee (ERIC) on February 21 urged House Ways and Means Committee Chairman Dave Camp and Ranking Member Sander Levin to continue allowing companies to make transfers from overfunded pension plans to pay for retiree health care and to expand current law to include retiree life insurance. … More

Washington, D.C. – Gretchen R. Haggerty, Executive Vice President and Chief Financial Officer for the United States Steel Corporation testified today on behalf of The ERISA Industry Committee (ERIC) before the House Education and Workforce Subcommittee on Health, Education, Labor & Pensions for a hearing on balancing pension security and economic growth.… More

ERIC, along with several other trade associations, on December 16 urged the Pension Benefit Guaranty Corporation to suspend enforcement of a… More

The ERISA Industry Committee (ERIC), along with the American Benefits Council, Business Roundtable, and the U.S. Chamber of Commerce on November 11 warned that the PBGC’s purported deficit is a “non-event on the horizon,” and called on Congress to oppose the proposal to increase PBGC premiums.… More

ERIC News Release For Immediate Release:  September 22, 2011 Washington, D.C. -- In a letter to members of the Joint Deficit Reduction… More

ERIC News Release For Immediate Release: February 22, 2011 Washington, D.C. -- The ERISA Industry Committee (ERIC) on February 22 submitted… More

ERIC News Release For Immediate Release: November 16, 2010 Washington, D.C. -- The ERISA Industry Committee (ERIC) on November 12 submitted… More

ERIC News Release For Immediate Release: May 21, 2010 Washington, D.C. -- The ERISA Industry Committee (ERIC), the Washington, D.C.-based… More

ERIC News Release For Immediate Release: May 20, 2010 Washington, D.C. -- The ERISA Industry Committee (ERIC), the Washington, D.C.-based… More

ERIC Press Statement For Immediate Release: April 15, 2010 Washington, D.C. -- Statement by ERIC President Mark Ugoretz on Secretary of… More

Washington, D.C. -- The ERISA Industry Committee (ERIC), the Washington, D.C.-based trade association representing America's major… More

A U.S. district court has ruled that a former executive for a subsidiary company can continue with claims alleging a company that offered an… More