The ERISA Industry Committee is disappointed in the U.S. Equal Employment Opportunity Commission’s final rule that provides revisions to the EEO-1 Report
Topic Archives:
Equal Employment Opportunity Commission (EEOC) and Department of Labor (DOL) Updates
PBGC Lowers Penalty Payments & Composite Plans
Transitional Relief for Closed Plans; PBGC Missing Participant Program & Senate Finance Committee
Review of Senate Finance Committee Markup
Lifetime Income Language Should be Voluntary, Not Required
ERIC applauds the Senate Finance Committee for focusing on retirement security in America. While we are grateful that the Chairman’s mark includes provisions to expand automatic enrollment, we are extremely concerned that the mark includes a mandate to include lifetime income language on retirement plan statements, which will only drive up costs to administer a plan and lead to confusion among participants
ERIC Responds to Treasury Extending Transitional Relief for Closed Defined Benefit Pension Plans
Today’s news that the Department of Treasury is extending discrimination testing transitional relief for all of 2017 for closed defined benefit plans is welcomed, however, The ERISA Industry Committee strongly urges the Department to provide greater flexibility in satisfying testing requirements upon issuance of the final regulations
ERIC’s Tips for Preparing for the DOL’s Overtime Rule
Will Hansen, ERIC’s senior vice president of retirement policy, provided the ‘Tip of the Week’ in this week’s edition of Epstein Becker Green’s Employment Law This Week. Will gave advice on preparing a benefits program in advance of the U.S. Department of Labor’s overtime rule