Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Plan Compliance Analyst (Administrator)


RPA logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

ERIC Statement on Retirement Proposals in President Obama's FY 2016 Budget
The ERISA Industry Committee [ERIC]Link to more items from this source
Feb. 2, 2015

"The President's proposal to cap the amount of accrued benefits in tax-favored retirement plans and IRAs misses the mark and should be rejected.... Likewise, ERIC opposes the President's proposal to provide the [PBGC] with authority to set risk-based premiums based on its determination of the credit worthiness of a plan sponsor.... Putting the PBGC in charge of determining not only the amount of the premium that individual employers pay, but also the means by which they are set -- with no effective oversight from Congress or another neutral party -- would create a direct conflict of interest."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.