Regulation
No Recommendations Yet From the Labor Department on PRT Provider Selection
The department published its overdue report on the rules for selecting an annuity provider, but put off making any changes.
Tag: EBSA
Regulation
DOL Budget Notes PBGC Insurance Surpluses, Requests More Administrative Funding
The budget proposal also asks for additional funding implementation of SECURE 2.0 provisions.
Regulation
Suggestions Sought for Retirement Plan Reporting, Disclosure
With a report on improvements due in 2025, the IRS, PBGC and EBSA are accepting feedback during a 90-day comment period.
Regulation
DOL Inspector General Says EBSA Lacks Resources to Audit Pensions
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
Regulation
Congress Passes Continuing Resolution
The temporary budget would keep the government funded into next year.
Regulation
Key Government Data, Such as Unemployment and Inflation, Would Not be Published During a Shutdown
Government data collection agencies, such as the Bureau of Labor Statistics, would shut down completely absent a continuing resolution.
Regulation
House Republicans Propose 4 New Anti-ESG Bills
The Education and Workforce Committee adds to prior Republican pushback against ESG investing in retirement plans.
Regulation
House Republicans, Senate Democrats Agree on PBGC Administrative Funding
If the bills are reconciled, the PBGC would receive $513 million in funding, with adjustments made for additional terminated plans.
Regulation
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Regulation
DOL Reopens Comment Period for New QPAM Proposal
A third comment period will remain open until April 6.
Regulation
Biden’s Proposed Spending Priorities Include Social Security, DOL, IRS
Proposed budget advocates for higher fines and more aggressive enforcement by DOL in equal opportunity cases.
Regulation
EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue
The issue of considering ESG in retirement plans is becoming increasingly polarized.
Regulation
EBSA Recovers $1.4 Billion for Plan Participants
The amount is less than half of what it was 2020, when it started to decline.
Regulation
Final DOL Rule Permits ESG in ERISA Plans
The DOL published a final rule that makes it easier for sponsors to take ESG factors into account in investments and shareholder activism, reversing a Trump-era rule.
Newsmakers
Public Hearing Exposes Discord on QPAM Rule Implementation
A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements as grounds for QPAM disqualification.