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.
Miscellaneous Archives:
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.
ERIC Files Amicus Brief in Jander v. Retirement Plans Committee of IBM
ERIC has filed an amicus brief in the Jander v. Retirement Plans Committee of IBM asking the Supreme Court to reverse a decision by the U.S. Court of Appeals that revived a proposed class action from IBM workers.
61 Organizations Join Together to Reduce Health Care Costs
Sixty-one business organizations sent a letter to members of Congress urging them to take swift action to help patients, employers, and taxpayers by promptly voting to pass legislation such as the bipartisan Lower Health Care Costs Act
ERIC Sends IRS Letter on ACA Penalties
We are writing to raise concerns with the process created by the Internal Revenue Service to assess Employer Shared Responsibility Payment penalties under the Affordable Care Act relating to determinations that an employer may have failed to offer affordable, minimum essential coverage to its full-time employees