IRI Applauds House Passage of Resolutions Revoking ERISA Safe-Harbors for States and Cities

IRI Applauds House Passage of Resolutions Revoking ERISA Safe-Harbors for States and Cities

IRI Calls for Senate to Act Expeditiously

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today issued a statement from IRI President and CEO Cathy Weatherford in response to the House's vote on H.J. Res. 66 and H.J. Res. 67. 

“The Insured Retirement Institute applauds Representatives Tim Walberg (R-Michigan) and Francis Rooney (R-Florida) for the leadership they have demonstrated in introducing these two resolutions on behalf of America’s retirement savers.  The IRI has consistently advocated for Congress to enact common sense, bipartisan policies to help Americans achieve their retirement savings goals, including policies which seek to expand access to workplace retirement plans.  The action taken by the House today using the Congressional Review Act to revoke the Department of Labor’s ERISA safe-harbors for non-governmental employees savings arrangements established by states, counties and cities, will preserve employer and employee choice as well as restore a level, competitive playing field and ensure ERISA protections for all retirement plans.  These actions will assist American savers as they seek to achieve a financially secure and dignified retirement.  The IRI has sent a letter urging the Senate to act expeditiously and pass these resolutions as well.”

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Contact John B Jennings for PDF copies of the release and the letters to Members of Congress.