Washington, D.C., June 12, 2024 – The ERISA Industry Committee (ERIC) today applauded the Ninth Circuit Court of Appeals’ decision in Bristol SL Holdings, Inc. v. Cigna Health & Life Ins. Co., which affirmed the previous ruling by the U.S. District Court for the Central District of California, which determined that the state law breach of contract and promissory estoppel claims at issue are preempted by the federal Employee Retirement Income Security Act (ERISA).
Miscellaneous Archives:
Employers Urge Congress to Pass Health Care Legislation for a More Competitive and Transparent Market
Washington, D.C., June 10, 2024 – A diverse collection of organizations representing the nation’s employers who are dedicated to bringing more transparency and accountability to health care for employers and their employees, calls on Congress to enact meaningful pharmacy benefit manager (PBM) and health care reform legislation this year. The organizations include The ERISA Industry Committee (ERIC), Purchaser Business Group on Health (PBGH), American Benefits Council, National Alliance of Healthcare Purchaser Coalitions, Silicon Valley Employers Forum, HR Policy Association, Business Group on Health, and the Small Business Majority.
The ERISA Industry Committee Asks Treasury and IRS for Benefits Guidance
Washington, D.C., May 30, 2024 – The ERISA Industry Committee (ERIC) today asked the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) for additional clarity regarding the regulations governing health care and retirement benefits. The submission responds to the agencies’ call for stakeholders to recommend topics for their 2024-2025 Priority Guidance Plan.
The ERISA Industry Committee Pushes for Final Improvements to New York PBM Proposed Rules
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”).
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.