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DOL Finalizes Class PTE on Interest-Free Loans and Credit for Fixing Plan Y2K Problems
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
Apr. 5, 2000 "The exemption allows employee benefit plans to receive temporary loans and extensions of credit to meet Y2K contingencies if certain conditions are met. The exemption amends Prohibited Transaction Exemption 80-26. After reviewing public comments on the proposal, the department decided to issue a final exemption which is virtually identical to the proposal announced on Nov. 29, 1999." MORE >> |
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