Washington, DC – The following statement is in support of The ERISA Industry Committee’s (ERIC) statement for the record to the U.S. House Education and Labor Committee’s Subcommittee on Health, Employment, Labor & Pensions hearing on “Examining Pathways to Build a Stronger, More Inclusive Retirement System.”
The statement should be attributed to Aliya Robinson, Senior Vice President of Retirement and Compensation Policy, ERIC:
“The ERISA Industry Committee applauds lawmakers for recognizing the need to build a retirement system that allows for more working Americans to participate and save for their future.
ERIC appreciates the retirement provisions in the CARES Act and the American Rescue Plan Act of 2021; however, we believe there is still more work to be done. As such, we look forward to working with Congress on legislation to further support workers’ and retirees’ long-term financial and retirement security.
Our statement submitted today outlines additional steps to promote retirement security. Including these provisions will allow plan participants more opportunities to save and plan sponsors more flexibility in plan operations. Additionally, as lawmakers work to modernize and improve the retirement system, it is vital to protect those improvements, including the electronic delivery of plan disclosures.
ERIC pledges to work with lawmakers to ensure plan sponsors can continue to provide cost-effective retirement programs while expanding the ability of employees to receive such benefits.”
Click here to read ERIC’s statement.