Vector text: ERIC

The ERISA Industry Committee Emphasizes Need for Uniformity in Paid Family and Medical Leave Standards in Comments to Bipartisan Working Group

WASHINGTON, January 31, 2024 – The ERISA Industry Committee (ERIC) submitted comments today to the Bipartisan Working Group on paid leave, emphasizing the pressing need for Congress to address challenges created by a growing patchwork of incompatible state laws. ERIC said these laws, which often contain inconsistent mandates and standards, make it impossible for its member companies to provide uniform benefits nationwide.  
 
“ERIC and its member companies recognize the importance of paid leave benefits.  The Bipartisan Working Group has an opportunity to help millions of working Americans and their families,” said Andy Banducci, ERIC Senior Vice President, Retirement and Compensation Policy.  “It’s vital that the Working Group explore proposals to harmonize paid leave standards, so employers and workers alike can benefit from an improved system that promotes efficiency and uniformity.”
 
ERIC’s comment letter may be read here.

###

All media inquiries to The ERISA Industry Committee should be directed to media@eric.org.

About The ERISA Industry Committee
ERIC is a national advocacy organization that exclusively represents large employers that provide health, retirement, paid leave, and other benefits to their nationwide workforces. With member companies that are leaders in every sector of the economy, ERIC advocates on the federal, state, and local levels for policies that promote flexibility and uniformity in the administration of their employee benefit plans.