Topic Archives:

Multiemployer Pension Reform Will Benefit All Plan Sponsors

The ERISA Industry Committee applauds Senators Grassley and Alexander for moving forward to address the crisis in the multiemployer pension system. Since this crisis impacts plan sponsors of all sizes and across the country, it must be addressed comprehensively to ensure the protection of retirement benefits for millions of workers.

ERIC Files Amicus Brief in Thole v. U.S. Bank

ERIC has filed an amicus brief with the U.S. Supreme Court in James J. Thole v. U.S. Bank N.A., asking the Court to uphold the U.S. Court of Appeals for the Eighth Circuit’s decision that the plaintiffs did not have the legal right to sue and the statute of limitations had run out on the ERISA claims.

ERIC Provides Guidance on Proposed Massachusetts State Retirement Savings Program Bills

The ERISA Industry Committee (“ERIC”) is writing to submit comments regarding proposed bills HB.1075, HB.1076, HB.1103, SB.574, and SB.602 to reinforce the importance of ensuring that the proposed state retirement savings program conforms with the preemption protection afforded by federal law—the Employee Retirement Income Security Act of 1974 (“ERISA”) —and does not impose benefit, reporting, or administrative requirements on employers already sponsoring a retirement plan.