Phia Group Russo & Minchoff

ERIC Says Lack of Clear Federal Guidance Undermines Workplace Wellness Programs

cmonfils | March 21, 2011

www.myhealthguide.com

MyHealthGuide Source: The ERISA Industry Committee (ERIC), 3/9/2011, www.eric.org

Washington, DC — In a letter sent to the key regulatory agencies overseeing issues affecting workplace wellness programs, The ERISA Industry Committee (ERIC) urged the agencies to address specific points raised in the letter in order to encourage employers to support workplace wellness programs. (more…)

Proposed ERISA Changes Would Affect Definition of Fiduciary

Adam V. Russo | November 18, 2010

By Heidi Turner, www.lawyersandsettlements.com 

Washington, D.C.: Proposed changes to ERISA (Employee Retirement Income Security Act) laws could strengthen the requirements of people who act as fiduciaries for an ERISA plan. The proposed ERISA benefits changes would increase the responsibility given to people who give advice about how an employee stock plan or employee savings plan is run, even if that advice is given infrequently. (more…)

ERIC Warns Mental Health Parity Aggregation Rule Will Force Coverage Retreat

Adam V. Russo | May 12, 2010

The ERISA Industry Committee (ERIC), a Washington, D.C.-based trade association representing America’s major employers, yesterday submitted comments on interim final regulations implementing the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA).

The Departments of Labor, Health and Human Services, and Treasury published the interim final regulations in the Federal Register on February 2, 2010. (more…)

ERIC Offers Recommendations to Government Request on Lifetime Income Options

Adam V. Russo | May 12, 2010

The ERISA Industry Committee (ERIC), the Washington, D.C.-based trade association representing America’s major employers, today submitted comments to the Departments of Labor and Treasury in response to their request for information (RFI) regarding lifetime income options for participants and beneficiaries in retirement plans.

The RFI requested comments on whether the retirement security of participants in employer-sponsored retirement plans and IRAs can be enhanced by facilitating the use of lifetime income or other arrangements designed to provide a lifetime stream of income after retirement. (more…)