The ERISA Industry Committee (ERIC) today submitted a letter to the Equal Employment Opportunity Commission on permitting spousal incentives for workplace wellness programs. You can read ERIC’s letter here.
Topic Archives:
ERIC Cautions Regulators to Avoid Burdensome Claims and Appeals Requirements
ERIC submitted comments on the amendment to the interim final regulations implementing the internal claims and appeals and external review processes under the Patient Protection and ACA.
ERIC Urges DOL to Expand Safe Harbor for Electronic Disclosure by Employee Benefit Plans
ERIC urged the DOL to expand its safe harbor for electronic disclosure for employee benefit plans, arguing that the current standard is too restrictive.
ERIC asks for Guidance on Workplace Wellness Programs
The ERISA Industry Committee wrote a letter to the Departments of Labor, Treasury, and Health and Human Services and the Equal Opportunity Commission asking for them to provide guidance on certain issues affecting workplace wellness programs. You can read the letter in its entirety here.
ERIC Warns Mental Health Parity Aggregation Rule Will Force Coverage Retreat
ERIC submitted comments on interim final regulations implementing the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008.
ERIC Urges PBGC to Withdraw Proposed Regulations on New Reportable Events Requirements
The ERISA Industry Committee (ERIC), the Washington, D.C.-based trade association representing America’s major employers, earlier today submitted comments to the Pension Benefit Guaranty Corporation (PBGC) on the agency’s proposed rule to eliminate most of its automatic waivers and filing extensions currently permitted under existing reportable events regulations and guidance. The proposed regulations were published in …
ERIC Calls IRS “Substantial Business Hardship” Requirement Unnecessary and Burdensome
In comments submitted today to the Department of Treasury and Internal Revenue Service, The ERISA Industry Committee (ERIC) welcomed the relief provided in proposed regulations allowing plan sponsors to suspend qualified non-elective contributions (QNECs) in safe harbor section 401(k) plans, but urged that the “substantial business hardship” requirement be dropped from the final regulation as …
ERIC Urges Balance on Implementing Regulations under Mental Health Parity Act
The ERISA Industry Committee (ERIC) earlier today submitted comments to the Department of Labor’s Employee Benefits Security Administration in response to a “request for information” regarding the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA). To help them prepare guidance, the Departments of Labor, Health and Human Services, …
Continue reading “ERIC Urges Balance on Implementing Regulations under Mental Health Parity Act”
ERIC Comments on Proposed Hybrid Retirement Plan Regulations
ERIC’s comments to the Department of Treasury and Internal Revenue Service on proposed regulations relating to hybrid pension plans urged the agencies to make significant changes in the regulations and the philosophy with which Treasury and IRS are pursuing. The Pension Protection Act of 2006, in which Congress effectively “blessed” the development of cash balance …
Continue reading “ERIC Comments on Proposed Hybrid Retirement Plan Regulations”
ERIC Submits Comments on Funding Regulations
ERIC submitted comments on proposed regulations regarding the measurement of assets and liabilities for pension funding purposes, highlighting primary issues on asset smoothing, ancillary disability benefits, identifying at-risk plans, publication of the full yield curve, and transition issues. The Treasury Department and Internal Revenue Service on December 31, 2007, published in the Federal Register the proposed regulations, …
Continue reading “ERIC Submits Comments on Funding Regulations”