On Thursday, Chairmen Bobby Scott and Richard Neal introduced separate (but similar) legislation in their respective Committees to address multiemployer pension reform and single employer funding relief. The bills include the funding provisions that were previously included in the House-passed HEROES Act.
Category Archives: Retirement & Compensation
ERIC Sends Employee Benefit Priorities, Including Paid Leave, to the 117th Congress and the Biden Administration
Earlier this afternoon, ERIC sent two letters to the 117th Congress and the Biden Administration outlining immediate steps the two should take to help address the COVID-19 pandemic, as well as broader goals to secure both retirement and health benefits.
ERIC Victory: DOL Issues Guidance on Missing Participants
Earlier today, the DOL issued guidance on missing and non-responsive participants. ERIC has been working with the agency for several years to encourage them to provide some guidelines that employers can use specifically during the audit process. The guidance comes in three parts.
Biden Announces Regulatory Freeze and IRS Extends Relief for Remote Notarization
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California Proposes Increase in Paid Family and Medical Leave Weekly Benefit Limits
On December 18, California Assembly Member Lorena Gonzalez introduced AB 123, which proposes expanding the state’s current paid family and medical leave insurance program benefits from 70% of an employee’s average weekly wage to 90%.
COVID-Omni-Stimulus Legislation and IRS Final Rule on Executive Compensation
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Senate Introduces Several Retirement “Marker” Bills
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DOL Proxy Voting Rule and Fiduciary Exemption Finalized, Multiemployer Pension Reform Negotiations Halted
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Statements to Senate Finance Subcommittee Hearing, Priorities for COVID Relief & Other Retirement Updates
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ERIC Submits Comments on the Lifetime Income Illustration Interim Final Rule
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