Washington, D.C., May 28, 2024 – The ERISA Industry Committee (“ERIC”) today submitted public comments in response to updated regulations contained in “Proposed Consolidated Rulemaking for Insurance Regulations 219, 222, 224, and 226-229” (“Proposed Rules”) issued by the New York Department of Financial Services (“Department”) which seeks to implement the state’s 2021 lawcovering pharmacy benefit managers (“PBMs”).
Miscellaneous Archives:
The ERISA Industry Committee Calls on Federal Regulators to Simplify Retirement Plan Reporting and Disclosure
Washington, D.C., May 22, 2024 – The ERISA Industry Committee (ERIC) today urged the Department of Labor, Department of Treasury, and the Pension Benefit Guaranty Corporation (collectively, the Agencies) to refrain from imposing unnecessary or unactionable new requirements and to consider costs and administrative burdens when formulating recommendations required by the SECURE 2.0 Act.
The ERISA Industry Committee Urges Indiana Department of Insurance to Act Immediately and Address Conflict with Federal Law
Washington, D.C., May 17, 2024 – The ERISA Industry Committee (ERIC) recently filed public comments on proposed regulations issued by the Indiana Department of Insurance. This proposed rule seeks to implement legislative changes to the state’s All Payer Claims Database (APCD). ERIC’s comments alerted the Department that the proposed rule violates the Employee Retirement Income Security Act (“ERISA”) and would likely trigger a lawsuit if advanced in its current form.
ERIC, Coalition Allies File Amicus Brief in U.S. Supreme Court Supporting Review of Claims Case Threatening to Explode Frivolous Litigation
Washington, D.C., May 9, 2024 – The ERISA Industry Committee (ERIC) and a coalition of employee benefit industry groups today urged the U.S. Supreme Court to review the Ninth Circuit Court of Appeals’ decision in Bugielski et al v. AT&T.
Major Employers Group Launches Ad Campaign Opposing Proposed Changes to U.S. Mental Health Care Policy
Washington, D.C., April 22, 2024 – The ERISA Industry Committee (ERIC), a national trade association exclusively representing the largest employers in the United States in their capacity as sponsors of employee benefit plans for their nationwide workforces, launched a TV and digital ad campaign today detailing the potential negative implications of federal rule changes to the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA).
ERIC Applauds Biden Administration Action to Provide Tax Relief to Family Caregivers
WASHINGTON, April 16, 2024– The ERISA Industry Committee (ERIC) today praised the Biden Administration as well as the Department of the Treasury and Internal Revenue Service for clarifying that employer-sponsored work-life referral and support services may be provided to working families tax-free.
ERIC Recommends Simplifying Labor Department Proposal Implementing SECURE 2.0’s Automatic Portability Rules
WASHINGTON, March 28, 2024 – The ERISA Industry Committee (ERIC) today filed a comment letter with the U.S. Department of Labor regarding the agency’s proposed regulation implementing Section 120 of the SECURE 2.0 Act.
The ERISA Industry Committee Files Amicus Defending ERISA Fiduciaries at Yale University
WASHINGTON, March 25, 2024 – The ERISA Industry Committee (ERIC) this week joined a coalition amicus brief filed in Vellali v. Yale University, pending before the U.S. Court of Appeals for the Second Circuit.
The ERISA Industry Committee: Congress Must Enact Comprehensive PBM Reform This Year
WASHINGTON, March 20, 2024 –Leaders from three leading non-profit business associations issued a united statement on Congress’ failure to include pharmacy benefit manager (PBM) reform legislation in the government spending package this week, despite clear, enormous bipartisan support to do so.
The ERISA Industry Committee Opposes Kentucky Senate Bill 188 Regulating Self-Insured Employer Plans and Pharmacy Benefit Managers
WASHINGTON, March 15, 2024 – The ERISA Industry Committee (ERIC) submitted public comments yesterday to the Kentucky Senate Standing Committee on Banking and Insurance expressing deep concerns with Kentucky Senate Bill 188, which attempts to control the network practices and plan options available to self-insured employer plans as well as the pharmacy benefit managers (PBMs) managing them.