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The ERISA Industry Committee (ERIC) conducted a survey in January 2010 among its membership to better understand their priorities for health care reform. The survey found that major employers overwhelmingly favored health reform that builds upon the employer-based system and preserves the preemption provisions of ERISA.
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On March 2, 2010, President Obama signed the Temporary Extension Act of 2010(H.R. 4691), which extends the eligibility period for the COBRA premium subsidy through March 31, 2010. The eligibility period, as previously extended by the Department of Defense Appropriations Act, 2010 (P.L. 111-118), had expired on February 28, 2010.
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President Obama on March 3 called on Congress to cast an up-or-down vote on health care reform legislation "in the next few weeks." Maintaining that Americans deserve a final vote on health care reform, the president pointed to several major pieces of legislation, including the 2001 and 2003 tax cuts and the Children’s Health Insurance Program, which Congress passed by a simple majority.
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Health care costs for retiring Americans, including nursing home care, average $260,000 and can exceed $500,000, according to new research conducted by the Center for Retirement Research (CRR) at Boston College and underwritten by Prudential Financial.
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EBSA has announced monetary results of $1.36 billion in fiscal year 2009 for retirement, health, and other employee benefits plans governed by ERISA.
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EBSA has issued proposed regulations providing guidance on investment advice rules for participants and beneficiaries in individual account plans and IRAs.
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EBSA has released final regulations on disclosure requirements for administrators of multiemployer plans.
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