NEW EEOC Rule Puts Wage Data at Risk

For Immediate Release

Washington, DC – The ERISA Industry Committee (ERIC) submitted comments to the U.S. Equal Employment Opportunity Commission (EEOC) on proposed revisions to the EEO-1 Report. The revisions seek to collect information on the total hours worked and W-2 compensation of employees within specific pay groups.

ERIC, the only national association advocating exclusively for the employee benefit interests of the nation’s largest employers, and its members fully support equal pay for equal work and efforts to ensure that employees are treated fairly. However, ERIC does not believe that the data gathered from the proposed revisions will further the EEOC’s goal of ensuring that there is no pay discrimination. Requiring employers to provide W-2 taxable income information –including many forms of income not connected to an employee’s job –based on an artificial time period spanning multiple years, the EEOC will make misleading and inaccurate conclusions.

“The EEOC’s proposal threatens the confidentiality of employers’ sensitive wage data and does nothing to identify the existence of pay discrimination or organizations in possible violation,” said Will Hansen, Senior Vice President, ERIC. “It also places an undue administrative burden on employers, who would have to spend time and money compiling information that they currently do not maintain.”

You can read ERIC’s full comments to the EEOC here.

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC helps America’s largest employers stay ahead of employee benefit policy. ERIC member companies are leaders in every sector of the economy, and we represent them in their capacity as sponsors of employee benefit plans for their own workforce. Only ERIC provides the combination of intel, expertise, collaboration, and lobbying that exclusively serves the interests of large employers who provide health, retirement, and compensation benefits to their nationwide workforce.