Today, ERIC responded to the Department of Labor’s Request for Information made in conjunction with the proposed rule for “Default Electronic Disclosure by Employee Pension Benefit Plans under ERISA.”
Last week, ERIC joined several other trade associations in urging the Department of Labor (DOL) to issue proposed regulations on electronic delivery as directed by the President’s Executive Order on Strengthening Retirement Security in America
We have heard that the House Ways and Means Committee is holding a mark-up of the Retirement Enhancement and Savings Act on Tuesday, April 5.
Earlier this month, ERIC and two other trade associations delivered a letter to key elected officials on a proposed alternative to the Lifetime Income Disclosure Act (LIDA). As a reminder, the current version of LIDA would mandate that all plan sponsors include on retirement plan statements the annuitized amount of the individuals account balance