Topic Archives:

Letter to Paul Ryan Urging Him to Oppose Increasing PBGC Premiums

The undersigned organizations represent thousands of employers who voluntarily provide retirement benefits to millions of workers. As we approach another government funding deadline, we urge you to protect job-creators, workers, retirees, and the retirement security system by opposing further increases in premiums paid to the Pension Benefit Guaranty Corporation (PBGC) by sponsors of single-employer defined benefit plans

ERIC’s Letter to Nevada Assembly on Paid Sick Leave Bill

The ERISA Industry Committee (“ERIC”) recognizes the importance of paid sick leave for Nevada workers, as well as the states’ desire to ensure the care and well-being of its workers. ERIC supports increasing access to paid sick leave, but believe it should be accomplished in a manner that does not hinder employers who already provide quality paid sick leave policies

Oregon’s State Retirement Savings Plan Infringes on ERISA

The Oregon Retirement Savings Board today approved final rules that apply to the operation of OregonSaves, the state-run mandatory retirement plan. Oregon is the first state, of the seven other states that have passed legislation to implement these plans, to provide regulatory guidance.

ERIC Asks Treasury and OMB for Additional Review of Mortality Table Regulations

ERIC submitted a letter to the U.S. Department of Treasury and Office of Management and Budget urging the agencies to deem the defined benefit mortality table proposed regulations subject to Executive Orders 12866 and 13771, causing the regulations to receive additional review, including a thorough economic analysis

ERIC’s Letter on Nevada Paid Sick Leave – Senate Bill 196

The ERISA Industry Committee (ERIC) recognizes the growing importance of paid sick leave for employees and the states’ desire to ensure the care and well-being of its workers. We strongly support increasing access to paid sick leave policies for Americans, but believe it should be accomplished in a manner that does not hinder employers who already provide quality paid sick leave policies

ERIC Raises Concerns About Lifetime Income Disclosure Act

We are writing to you today in regards to the re-introduction of the Lifetime Income Disclosure Act in the 115th Congress. We applaud your efforts on putting forth policy proposals that focus on the importance of retirement savings for American workers. With respect to the legislation, we remain concerned that the mandate on employers to include the annuitized amount on retirement plan participant statements will only increase the cost to operate a plan and lead to mass confusion among participants