Do You Know ERIC?

I didn't know ERIC and I have been doing this a long time! ERIC stands for the ERISA Industry Committee. I didn't know ERISA had a committee - I thought it was a federal law. Anyhow, ERIC has nnow introduced a new platform to Congress - The New Benefit Platform for Life Security. Life Security - how safe I feel - give me a warm fuzzy blanket and hot cocoa.

The idea is that benefits for all should extend into retirement. They are pushing a platform of independent benefit administrators across the country that would compete with each other on cost, quality, and other items. They would be required to office plans for a core set of lifetime security benefits includind health and retirement and short term savings.

Crazy, isn't it. One thing I have learned is that nothing lasts forever. This is not the platform for healthcare coverage for all. I think ERIC needs to go home, get some sleep and come back with a new idea.