Topic Archives:
DOL Issues Rule on Proxy Guidance, Other Retirement Regulatory Updates
State Win: COVID-19 Paid Leave Proposals Scrapped in California
Two major paid leave proposals have been defeated in California, preventing additional burdens from being placed on employers within the state. As the California 2020 state legislative session approaches an accelerated adjournment at the end of August, state legislators have opted to abandon several proposals addressing “supplemental” or “emergency” paid leave in favor of more politically feasible and expedient policies in response to the COVID-19 public health crisis.
Member Call on DOL Paid Leave RFI; Congress Introduces Federal Paid Leave Reimbursement Proposal
Lifetime Income Disclosure Interim Final Rule and Other Regulatory Updates
Aliya Robinson Talks COVID19 & the CARES Act on The 401(k) Podcast
Aliya Robinson is the featured guest on this month’s episode of The 401(k) Podcast. She discussed COVID-19 and The CARES Act.
ERIC Requests Enforcement of ERISA by the U.S. District Court of New Jersey
ERIC filed a lawsuit in the United States District Court for the District of New Jersey, asking the court to uphold federal preemption under ERISA and seeking an injunction to stop recent amendments (S.B. 3170) to the New Jersey WARN Act, from being implemented.
ERIC Litigation Update: NJ WARN Act Complaint Filed in Federal Court
Today, ERIC filed a complaint against the recently amended New Jersey WARN Act with the United States District Court for the District of New Jersey. Our complaint argues that the amended Act violates federal ERISA law by imposing a series of expanded requirements that collectively force employers to implement an ongoing administrative scheme, which is the equivalent of a severance benefit plan under ERISA. Our complaint, therefore, seeks injunctive relief to halt enforcement of the amended New Jersey WARN Act.
Emergency Paid Leave Litigation, IRS Guidance on Partial Terminations, Potential Retirement Legislation, ERISA Advisory Council
ERIC Supports DOL’s Effort to Create Certainty and Consistency for Fiduciaries
ERIC supports the DOL’s codification of the principle requiring plan fiduciaries to focus on the financial best interest of participants.