ERIC testified before the Committee addressing the preservation of ERISA preemption and suggesting changes to the legislation to completely exempt employers that offer ERISA plans.
Category Archives: State Retirement Plans
ERIC Testifies in New York on Proposed Auto-IRA Program and More
Over the last couple of weeks there have been several updates on the nomination of the Secretary of Labor and with state/local retirement plans for private workers.
New Oregon Retirement Savings Program Reporting Law
ERIC Files Amicus Brief in Sulyma v. Intel Corporation Investment Policy Committee
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.
ERIC Negotiates Memorandum of Understanding with Illinois Secure Choice
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.
ERIC Comments on Maine State Retirement Savings Plan
State Retirement Savings Program Proposals in New Jersey and Hawaii
ERIC Submits Comments on Oklahoma State Retirement Plan Bill
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
ERIC Submits Comment Letters on Washington and Oklahoma State Retirement Savings Program Bill
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 Submits Comments on Washington’s State-Run Retirement Plan
ERIC submitted comments regarding Washington Senate Bill 5740 (SB 5740)