The ERISA Industry Committee’s Post - LinkedIn

In response to the recently released Pension Benefit Guaranty Corporation’s (PBGC) Fiscal Year 2022 Annual Projections Report, ERIC urges Congress to reexamine the premiums paid by …

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The ERISA Industry Committee Says Congress Should Reexamine …

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WASHINGTON - November 16, 2023 – The ERISA Industry Committee (ERIC) said today that the $44.6 billion surplus in the Pension Benefit Guaranty Corporation’s (PBGC) single-employer …

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FAQs about The ERISA Industry Committee’s Post - LinkedIn Coupon?

Are pharmacy benefit managers a 'fiduciary' under ERISA?

Washington, D.C., September 19, 2024 – The ERISA Industry Committee (“ERIC”) today released a new issue brief, “PBM Reform: Deem PBMs a “Fiduciary” Under ERISA,” calling for Pharmacy Benefit Managers (“PBMs”) to be deemed a “fiduciary” under the Employee Retirement Income Security Act (“ERISA”). ...

Can Congress apply ERISA's fiduciary duties to Pbms?

The issue brief concludes by examining what Congress can do to apply ERISA’s fiduciary duties to PBMs. Commenting on the ability to execute this change Bartlett added, “For 50 years, those with fiduciary responsibilities have been focused on choosing the best options and providing the best value to the plan and its participants. ...

Does ERISA's fiduciary duty standard apply to employer-sponsored health plans?

The issue brief details how today’s unregulated PBM industry can increase their own profitability at the expense of employer-sponsored health plans, and calls on Congress to clarify that ERISA’s fiduciary duty standard to employer health benefit plans applies in full to PBMs performing services on behalf of the plan. ...

What is the ERISA fiduciary issue brief?

The issue brief is broken into four sections which: Reviews current law as it applies to an ERISA fiduciary and details ERISA’s fiduciary duties, and the consequences for breaching an ERISA fiduciary duty. ...

What are the benefits of Eric membership?

One of the most valued benefits of ERIC membership is the superb quality of government relations advocacy. ERIC enables us to impact benefit and compensation legislation and regulations that no single employer could do on its own. ...

Why is Eric important?

ERIC enables us to impact benefit and compensation legislation and regulations that no single employer could do on its own. The professional credibility and respect ERIC has with government officials at all levels has added value to our relationships with members of Congress and federal regulatory officials. ...