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.
Tag: United States Department of Labor (DOL)
Regulation
Congress Adds Fuel to Anti-ESG Fire
The joint resolution, which President Joe Biden has said he will veto, increases the heat in the U.S. on ESG investing, and asset managers see risks.
Regulation
Congressional Democrats Try to Make DOL ESG Rule the Law
Members of the Sustainable Investment Caucus have proposed legislation that would codify permitting ESG considerations in retirement plan investment.
Regulation
The ESG Lawsuits Continue
This one, brought in Wisconsin, alleges that the DOL’s rule on ESG unlawfully compromises Americans’ retirement.
Regulation
Labor Secretary Marty Walsh Will Leave Post for NHL Players’ Association
The NHLPA has not yet voted on a new executive director, but Walsh is expected to be approved in the coming days.
Regulation
EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue
The issue of considering ESG in retirement plans is becoming increasingly polarized.
Regulation
PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans
The three pension plans had additional SFA packages approved Friday.
Newsmakers
25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing
The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.
Regulation
SECURE 2.0 Caps Variable-Rate Premiums
The variable premiums paid to PBGC would be un-indexed from inflation.
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
DOL Releases New Form 5500 Instructions
Changes have been made to Form 5500 and Form 5500-SF.
Newsmakers
Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance
The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...
Regulation
Congressional Republicans Take Aim at SEC Climate Disclosure
Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.
Asset Allocation
PBGC Grants SFA Money to Third Teamsters Pension in Two Weeks
New Jersey union pension fund, expected to become insolvent in 2023, will receive $54.1 million in assistance.
Regulation
Mid-Terms Could Lead to More Regulation than Legislation
Republicans winning control of the House could force the Biden Administration to rely even more on regulations.