ERISA Archives - Word on Benefits

Celebrating 50 Years of ERISA: An Interview With Phyllis Borzi

Anne Patterson

29 Aug 202429 Aug 2024

The traditional 50th anniversary gift is gold, and the latest Talking Benefits podcast episode shined just like the glittery metal, paying homage to the Employee Retirement Income Security Act of 1974 (ERISA). ERISA was signed into law by Gerald Ford almost 50 […]

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Looking Back on ERISA’s Journey

Kathy Bergstrom, CEBS

26 Aug 202426 Aug 2024

Nearly 50 years ago—on September 2, 1974—President Gerald Ford signed the Employee Income Retirement Income Security Act (ERISA) into law. The International Foundation has been providing education on this landmark legislation ever since. That education includes ERISA Insights: Voices From the Early […]

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The Supreme Court and the Chevron Doctrine: Key Takeaways for Employee Benefit Plans

Kathy Bergstrom, CEBS

14 Aug 202414 Aug 2024

Employee benefit plan sponsors and administrators may feel the effects of the U.S. Supreme Court’s decision to overturn the so-called Chevron doctrine for many years to come, predicts Katherine Hesse, CEBS, an Employee Retirement Income Security Act (ERISA) attorney. Hesse, who is […]

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ERISA Preemption 101

Jenny Gartman, CEBS

31 Jul 202401 Aug 2024

Hailed by its authors as the law’s “crowning glory” or “crowning jewel,” the preemption clause in the Employee Retirement Income Security Act of 1974 (ERISA) was designed to help simplify employee benefits administration for multistate employers. But what does ERISA preemption mean? […]

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Understanding ERISA Liability in the Context of Pharmacy Benefits

Anne Newhouse, CEBS

17 Jul 202417 Jul 2024

Fiduciary responsibility has always been a concern for retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The language on the Department of Labor (DOL) Fiduciary Responsibilities webpage explains, “The primary responsibility of fiduciaries is to run the […]

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The DOL Retirement Security Final Rule: Highlights for Plan Sponsors

Jenny Gartman, CEBS

20 Jun 202420 Jun 2024

On April 25, 2024, the Department of Labor (DOL) published the retirement security final rule defining fiduciary status for investment advice to retirement investors under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). It is set to […]

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FAQs on Workplace Emergency Savings Accounts Under SECURE 2.0

Jenny Gartman, CEBS

22 Feb 202422 Feb 2024

The U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) has issued FAQs on optional pension-linked emergency savings accounts (PLESAs) as part of the implementation of the SECURE 2.0 Act of 2022 (ERISA section 801). SECURE 2.0 authorized 401(k), 403(b) and governmental […]

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How the DOL’s Proposed Fiduciary Rule Would Affect Retirement Plans

Jenny Gartman, CEBS

17 Jan 202418 Apr 2024

The definition of a fiduciary under ERISA, a rule originally written in 1975, has fluctuated in the past decade. Fiduciary investment advice rules have had a long history filled with ups, downs and mixed support. On October 31, 2023, the U.S. Department of […]

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Legal & Legislative Reporter: Failure to Satisfy ERISA Requirements Dismisses Future Disability Benefits

Guest Contributor

30 Aug 202330 Aug 2023

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP. The U.S. District Court for the […]

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Legal & Legislative Reporter: Outcome of Farming Accident and Claim Denial Under the Occupational Exclusion

Guest Contributor

13 Jun 202314 Jun 2023