For Immediate Release
Washington, DC – The ERISA Industry Committee (ERIC) today submitted comments with 23 other associations to the Office of Information and Regulatory Affairs at the Office of Management and Budget in response to proposed changes to the U.S. Equal Employment Opportunity Commission’s Employer Information Report (EEO-1). ERIC previously submitted comments on the proposed changes on April 1, 2016.
As the only national association advocating exclusively for the employee benefit interests of the nation’s largest employers, ERIC and its members fully support equal pay for equal work and efforts to ensure that employees are treated fairly. However, ERIC is asking that proposed revisions to the EEO-1 be returned to the Commission for further analysis, as ERIC and the other associations believe the revisions violate the Paperwork Reduction Act (PRA).
“The EEOC’s proposal requiring employers to provide W-2 taxable income information threatens the confidentiality of employers’ sensitive wage data,” said Will Hansen, Senior Vice President, ERIC. “Additionally, 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.”
You can read the letter to the EEOC here.