Retirement

Updates

ERIC Submits Comments on Proposed New York City Retirement Program

ERIC submitted comments with the New York City Council regarding proposed bill Int. 0888-2018, that would establish a retirement savings program for private-sector employees. ERIC supports proposals and programs run by states and localities designed to promote and facilitate retirement saving by those employed by an employer that does not provide a retirement plan, but has concerns about how the proposed program overlaps and connects with the Employee Retirement Income Security Act of 1974 (ERISA), the federal law that already governs the administration of private-sector retirement plans … More

protected content Tax Reform 2.0 on the Horizon

Surprisingly, we have seen a huge focus on retirement issues in the past several weeks in Washington, DC. From the introduction of four bi-partisan bills last week (see the Weekly Retirement Email) to a significant portion of the latest Republican Tax Framework focusing on retirement policy – I expect it to be a very busy end of the year with respect to retirement policy… More

ERIC Offers Guidance on Missing Plan Participants

ERIC sent a letter to Assistant Secretary of Labor Preston Rutledge encouraging the Department of Labor (DOL) to focus its efforts on developing guidance related to the challenge of employers locating missing retirement plan participants. The letter also asks that until guidance is provided, the DOL should stop issuing letters that allege an employer has committed a breach of fiduciary duty with respect to the practices utilized to locate missing retirement plan participants… More

ERIC Weighs in on National Paid Family and Medical Leave Law

The ERISA Industry Committee (ERIC) today submitted a statement for the record to the Senate Finance Subcommittee on Social Security, Pensions, and Family Policy, following its hearing on the importance of paid family and medical leave… More

protected content Non-Qualified Deferred Compensation Spot Survey

ERIC created a spot survey on the use and prevalence of rabbi trusts to fund non-qualified deferred compensation (NQDC)… More

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