The laws and regulations from Washington DC and, increasingly, states and localities dictate much of what compensation and benefits professionals do every day. Understanding the conversation on employee benefits public policy will help you allocate time and budgets to the issues your organization will need to address.
What’s on the horizon in 2020 when it comes to employee benefits public policy? Expect activity related to judicial challenges to the Affordable Care Act, surprise medical billing, transparency of health care costs, drug prices, defined benefit pension funding stabilization, next generation of defined contribution retirement savings, plus increased state and local activity related to health, retirement and paid leave.
In an era of political and legislative gridlock, staying up to date on employee benefits public policy development and of broader megatrends that will impact every employer, and employee, is critical.
In this session, you'll learn:
- The most important 2020 legislative and regulatory developments.
- The factors that are contributing to more state and local activity in areas that previously were governed exclusively at the federal level.
- Traps for the unwary in terms of potential legal and fiduciary liability.
- Global developments relevant to U.S. employers.
- Megatrends that may influence thinking about benefits strategy.
Originally recorded on March 31, 2020.
Jim Klein is president of the American Benefits Council. He joined the Council in 1988 as Deputy Executive Director and has served as Executive Director/President since 1992.
Previously, Jim was manager of pension and health care policy for the U.S. Chamber of Commerce and, before that, practiced law for a Washington, D.C. firm specializing in employee benefits. He also worked as a Legislative Assistant for a member of Congress.
Lynn Dudley is senior vice president, global retirement and compensation policy, for the American Benefits Council.
In this role, Lynn directs the Council's advocacy efforts regarding retirement and compensation policy, including defined benefit and defined contribution plans and executive and non-qualified deferred compensation.
Lynn also coordinates the Council's efforts and outreach in the international arena, including the Benefits Passport informational series.
Ilyse Schuman is senior vice president, health policy, for the American Benefits Council.
In this role, Ilyse directs the development and advocacy of the Council’s health policy priorities. Before joining the Council staff, Ilyse was the Council’s Policy Board of Directors Advisory Council representative from Littler Mendelson, P.C., where she was co-chair of the Workplace Policy Institute. In this role, Ilyse provided strategic counsel and representation to clients on a broad array of workplace issues and developments in Congress and executive branch federal agencies.
She was also a member of the firm’s ERISA/Employee Benefits practice and co-led the firm’s Legislative and Regulatory practice.
