ERIC is pleased that the Department of Labor has released much-needed guidance on missing participants. As plan sponsors who voluntarily offer retirement plans, our member companies share the agency’s goal of ensuring that every participant receives the benefits they have earned.
Miscellaneous Archives:
ERIC’s Lawsuit Against Seattle Bolstered by U.S. Supreme Court Ruling
ERIC remains steadfast in our belief that Seattle Municipal Code 14.28 (SMC 14.28) is a mandate on federally regulated benefit plans, a violation of federal law. The City’s claim that there is a presumption against preemption is weak and relies on outdated court rulings.
ERIC Supports Improving Access to Retirement Savings Act
ERIC appreciates the bipartisan introduction of the Access to Retirement Savings Act. We support Senators Grassley, Hassan, and Lankford’s efforts to ease unnecessary administrative burdens and expand retirement security for American workers.
Transparency Measures Needed in Surprise Medical Billing Legislation
ERIC appreciates lawmakers’ efforts to take steps to end the predatory practice of surprise medical bills; however, surprise medical billing should not advance without adding meaningful and complementary health care transparency measures.
ERIC Works with Congress to Provide Retirement Security for Employees and Retirees, During and After COVID-19
ERIC is working with lawmakers to protect and support retirement security for American workers and retirees during and after the pandemic.
ERIC Confident in Lawsuit Despite Attempt by New Jersey Commissioner to Have it Dismissed
ERIC stands behind its lawsuit to stop the new amendments (S.B. 3170) to the Millville Dallas Airmotive Plant Job Loss Notification Act (New Jersey WARN Act) from being enforced as they are preempted by the Employee Retirement Income Security Act of 1974.
Employers to Congress: Lower Health Costs Before Going Home for the Holidays
ERIC joined 62 groups on a letter urging Congress to take action on a suite of bipartisan, moderate, deficit-reducing provisions that would lower health care costs for patients, improve transparency, and eliminate certain egregious practices in the health care system.
Ohio Lawmakers Must Act Quickly to Expand Access to Telemedicine
As the number of coronavirus cases continues to rise, lawmakers must act quickly to limit everyone’s exposure to the virus. One way to do that is to allow Ohio residents to access health care providers from the safety of their homes.
The DOL’s Lifetime Income Disclosure Rule Must Allow for Flexibility in Individual Retirement Planning
ERIC is urging the U.S. Department of Labor to allow for additional flexibility and guidance in its Interim Final Rule on Pension Benefits Statements—Lifetime Income Illustrations.
New DOL Rule Creates Certainty and Consistency for Fiduciaries
ERIC is pleased that the Department of Labor took our concerns seriously when considering the final rule on ‘Factors in Selecting Plan Investments.’ We especially appreciate the Department, including our asks to use the terms ‘pecuniary’ and ‘non-pecuniary’ instead of ‘ESG’ and easing some documentation requirements.