The ERISA Industry Committee applauds Senators Grassley and Alexander for moving forward to address the crisis in the multiemployer pension system. Since this crisis impacts plan sponsors of all sizes and across the country, it must be addressed comprehensively to ensure the protection of retirement benefits for millions of workers.
Miscellaneous Archives:
ERIC’s James Gelfand Named One of Top 34 Health Care Power Players in DC
ERIC’s James Gelfand has been named one of the 34 health care power players in Washington, D.C. by Business Insider.
ERIC Files Amicus Brief in Thole v. U.S. Bank
ERIC has filed an amicus brief with the U.S. Supreme Court in James J. Thole v. U.S. Bank N.A., asking the Court to uphold the U.S. Court of Appeals for the Eighth Circuit’s decision that the plaintiffs did not have the legal right to sue and the statute of limitations had run out on the ERISA claims.
PBGC Report Re-Enforces Need for PBIA Passage and Multiemployer Pension Reform
ERIC believes today’s release of the Pension Benefit Guaranty Corporation’s 2019 Annual Report is further proof that there is a need for the passage of the Pension and Budget Integrity Act and for Multiemployer Pension Reform.
ERIC Provides Guidance on Proposed Massachusetts State Retirement Savings Program Bills
The ERISA Industry Committee (“ERIC”) is writing to submit comments regarding proposed bills HB.1075, HB.1076, HB.1103, SB.574, and SB.602 to reinforce the importance of ensuring that the proposed state retirement savings program conforms with the preemption protection afforded by federal law—the Employee Retirement Income Security Act of 1974 (“ERISA”) —and does not impose benefit, reporting, or administrative requirements on employers already sponsoring a retirement plan.
Employers: House and Senate Proposals Move Us Closer to Prescription Drug Cost Relief for Patients and Employers
Employers want their employees to have access to quality health coverage, including drug coverage, which is affordable for families as well as employers. U.S. prescription drug costs represent the single fastest growing component of health care costs for employers and the workers for whom they provide coverage.
Louisiana Assessment on Health Care Would Raise Costs for Employees
Placing an assessment on employer-sponsored health plans will undoubtedly increase costs for employees and their beneficiaries. To offset the impact, employers will be forced to pass on some of these costs to Louisiana employees.
ERIC Joins in Launching Employers’ Prescription for Affordable Drugs Coalition
ERIC is pleased to join the Pacific Business Group on Health and the National Alliance of Healthcare Purchaser Coalitions in launching Employers’ Prescription for Affordable Drug Costs.
ERIC Testifies on Proposed New York City Retirement Program
ERIC testified before the New York City Council regarding a proposed bill, that would establish a state-run retirement savings program for private-sector employees.
ERIC Comments on DC Universal Paid Leave Program Benefits Regulations
ERIC submitted comments to the District of Columbia Department of Employment Services regarding the the D.C. Universal Paid Leave proposed program benefits regulations.