Topic Archives:

Retirement Litigation Update: Jander v. IBM Amicus Brief

Yesterday, ERIC joined the US Chamber, SIFMA and the American Benefits Council in an amicus brief supporting IBM in the Second Circuit. As you may recall, we previously filed in this case in support of IBM’s petition for certiorari and at the merits stage in the Supreme Court.

ERISA Victory in Thole v. US Bank

Today the Supreme Court decided Thole v. U.S. Bank in favor of the U.S. Bank holding that the plaintiffs lacked standing since they would receive the same benefits whether they won or lost.

Electronic Disclosure of Plan Documents Provides Significant Advantages

ERIC is pleased the Department of Labor recognizes the significant advantages electronic disclosure provides for participants, as well as for plan sponsors and administrators and has finalized its rule on default electronic disclosure. The necessity of this rule is highlighted by the current pandemic, which emphasizes the need for electronic delivery options for times when paper delivery is unsafe or unavailable.

Single-Employer Pension Funding Changes Assist Employers with COVID-19 Recovery

The pandemic has impacted many employers, and now, more than ever, employers need to target their resources on recovery efforts such as salaries, equipment, and re-opening. Today’s letter urges lawmakers to help the pension plan sponsors recover in a way that does not use taxpayer money or jeopardize benefit plans, by giving employers more flexibility to fund their pension plans.