ERIC and Other Trade Groups Write to Treasury on Retroactive Effect Issues in Windsor Decision

In a recent press release, the ERISA Industry Committee (ERIC) explained that:

“There are numerous and complex administrative issues associated with the potential retroactive application of the U.S. Supreme Court’s decision in U.S. v. Windsor with respect to same-sex couples benefits. To that end, ERIC has joined with 13 other business trade associations in a letter asking the Treasury Department to use its authority under Internal Revenue Code section 7805(b)(8) to limit the extent of the decision’s retroactivity.

The letter describes the areas in which application of retroactive effect would be difficult for retirement plan administrators and sponsors…”

To read the press release, click here.
For a copy of the letter, click here.
For more information from BenefitsPro, click here.