The Labor, Immigration & Employee Benefits Division facilitates the use of two policy committees (Labor Relations Committee and Employee Benefits Committee) composed of Chamber members that formulate and analyze the Chamber's policy in the areas of labor law, immigration, pension and health care. The Division regularly interacts with Congressional staff, numerous Federal agencies and many national coalitions (some of which are chaired by the Chamber) to help define and shape national labor, immigration and employee benefit policy.
On April 17, 2017, the U.S. Chamber of Commerce sent this comment letter to the Department of Labor's Employee Benefits Security Administration regarding the economic impact of the fiduciary rule and associated exemptions.
This joint letter was sent to all members of Congress supporting H.R. 1962 and S. 852, companion bills that would amend the nondiscrimination provisions of the Internal Revenue Code of 1986 to allow plan sponsors to protect current employees when transitioning from a defined benefit plan to a defined contribution plan.
The event will highlight trends in workplace and community wellness initiatives emphasizing strategies to influence behavior change, promoting mindfulness at work, and improving health through genetics.
On December 29, 2016, the IRS issued a proposed rule on Mortality Tables for Determining Present Value Under Defined Benefit Pension Plans to update the requirements that a plan sponsor must meet to obtain IRS approval when using mortality tables specific to the plan for minimum funding purposes instead of generally applicable tables. In response, the U.S. Chamber of Commerce and the National Association of Manufacturers submitted a joint comment letter on March 29, 2017.
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Above the Fold is your window on policy, with analysis, commentary and real stories about the intersection of government and business.