Kelly Broadway, 202.627.1918, email@example.com
For Immediate Release
DOL Ignores Employers Pleas and Adds to Compliance Burden
WASHINGTON – The ERISA Industry Committee (ERIC) is deeply disappointed in today’s Department of Labor (DOL) paid sick leave rule for federal contractors and subcontractors.
As the only national association that advocates for large employers on employee benefit public policies at the federal, state and local levels, ERIC represents the nation’s largest employers across all industries. Many of these employers are struggling to comply with a myriad of paid sick leave laws which differ from state to state which is why ERIC previously submitted comments in April requesting reasonable revisions to the then proposed rule.
"The Department of Labor completely ignored the pleas of employers from across the country, as this rule will only increase their compliance burden,” said Will Hansen, senior vice president of retirement policy, ERIC. “Additionally, the Department is only giving employers three months to comply with the rule, which, again, places unnecessary stress and burden on employers who are already dealing with numerous paid sick leave rules across the country."
About The ERISA Industry Committee
The ERISA Industry Committee (ERIC) is the only national trade association advocating solely for the employee benefit and compensation interests of the country's largest employers. ERIC supports the ability of its large employer members to tailor health, retirement and compensation benefits for millions of employees, retirees and their families. Learn more at eric.org.