ERIC teamed with several other business groups to filed an amicus brief with the United States Supreme Court in the case Sulyma v. Intel Corporation Investment Policy Committee.
We are pleased to announce a Memorandum of Understanding with the Office of the Illinois State Treasurer providing relief to ERIC members from reporting obligations that otherwise apply under the Illinois Secure Choice Retirement Savings Program.
The ERISA Industry Committee is writing regarding Oklahoma Senate Bill 934 (“SB 934”) to urge the legislators to acknowledge the preemption provisions under federal law—The Employee Retirement Income Security Act of 1974 (“ERISA”)—by exempting employers that already provide access to a retirement savings plan from the requirements of SB 934
This week ERIC submitted letters in two different states reminding them of the preemption provisions for employers that currently sponsor retirement plans under ERISA. Both Washington state and Oklahoma are considering the implementation of mandatory state-administered IRA programs which would contravene ERISA’s preemption provisions
ERIC submitted comments regarding Washington Senate Bill 5740 (SB 5740)