Yesterday, the PBGC announced that it is changing previous guidance on delayed contributions to allow greater flexibility for funding contributions delayed under the CARES Act. The restated guidance allows companies to apply payments made through January 1, 2021, to the funding balance for the prior year in calculating the variable rate premium.
Miscellaneous Archives:
Virginia on the Right Track to Curb Surprise Medical Billing
ERIC supports Virginia regulators’ efforts to advance rules implementing the state’s recent legislation to curb surprise medical billing because the rules deter surprise billing in ways that do not increase health care costs for patients.
New Survey of Large Employers Highlights Efforts to Provide the Best Health Options for Employees, Obstacles to Lowering Costs
Many Americans are suffering economic hardship and have experienced increased, and unanticipated health care needs due to the pandemic. ERIC has worked with Congress and the Administration to help alleviate some of the pressures on employees.
ERIC Appeals Seattle Employer Health Care Mandate Decision to Ninth Circuit Court of Appeals
ERIC is appealing to the United States Court of Appeals for the Ninth Circuit to overturn a lower court’s dismissal of ERIC’s challenge to a Seattle ordinance, Municipal Code (SMC) 14.28. The ordinance requires large hotel owners and ancillary hotel business to provide what are essentially City-mandated levels of health benefits through federally regulated employer health plans and, in so doing, runs afoul of federal law.
ERIC Urges MA Lawmakers to Remove Restrictive Provision from Telehealth Bill
ERIC sent a letter to Massachusetts lawmakers regarding House Bill 4916. While ERIC supports the advancement of telehealth, we are asking lawmakers to remove the provision that limits prescriptions to only previously diagnosed conditions during an in-person visit.
Aliya Robinson Talks COVID19 & the CARES Act on The 401(k) Podcast
Aliya Robinson is the featured guest on this month’s episode of The 401(k) Podcast. She discussed COVID-19 and The CARES Act.
ERIC Requests Enforcement of ERISA by the U.S. District Court of New Jersey
ERIC filed a lawsuit in the United States District Court for the District of New Jersey, asking the court to uphold federal preemption under ERISA and seeking an injunction to stop recent amendments (S.B. 3170) to the New Jersey WARN Act, from being implemented.
ERIC Supports DOL’s Effort to Create Certainty and Consistency for Fiduciaries
ERIC supports the DOL’s codification of the principle requiring plan fiduciaries to focus on the financial best interest of participants.
Senate COVID-19 Legislation a Good Start, Key Provisions Must Be Added Before Bill Becomes Law
ERIC is pleased to see the legislative process progressing and looks forward to working with both the Senate and the House to advance measures that support the ability of employers to provide needed benefits to workers and families.
California Lawmakers Have the Chance to Get Paid Leave Right in the Wake of COVID-19
ERIC is calling on California lawmakers to be strategic as they consider two paid leave bills in the wake of COVID-19. New legislation should not create redundancy or additional burdens for employers who already offer generous paid leave policies.