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17976 Matching News Items |
| 1. |
Health Plan Law
Feb. 22, 2008
Excerpt: In January 2008, the U.S. Department of Labor's Office of Labor-Management Standards (OLMS) marked its 5,000th indictment since recordkeeping began in 1964. During January, OLMS obtained eight convictions, nine indictments and court orders of restitution totaling $121,867.
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| 2. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Nov. 20, 2012
"The guidance provided in this statement applies to employee benefit plans, plan sponsors, as well as service providers to such employers, located on October 26, 2012 in one of the counties or Tribal Nations that have been identified as covered disaster areas because of the devastation caused by Hurricane Sandy.... The Department recognizes that some employers and service providers acting on employers' behalf, such as payroll processing services, located in designated affected areas will not be able to forward participant payments and withholdings to employee pension benefit plans within the prescribed timeframe. In such instances, the Department will not, solely on the basis of a failure attributable to Hurricane Sandy, seek to enforce the provisions of title I with respect to a temporary delay in the forwarding of such payments or contributions to an employee pension benefit plan to the extent that affected employers, and service providers, act reasonably, prudently and in the interest of employees to comply as soon as practicable under the circumstances."
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| 3. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Feb. 24, 2012
[I]nsurance carriers have completed funding of a global settlement in the amount of $32 million to be allocated among the Tribune Employee Stock Ownership Plan's participants, and to pay for legal and administrative expenses.... The department [had] claimed that the company failed to act prudently and in participants' best interests when it engaged in the ESOP transaction. Additionally, the department [had] claimed that the ESOP transaction was prohibited, a claim consistent with the findings of the district court in the private plaintiffs' action.
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| 4. |
U.S. Department of Labor [DOL]
Aug. 20, 2012
"The purpose of the meeting is for advisory council members to hear testimony from invited witnesses and to receive an update from Deputy Assistant Secretary of Labor for Employee Benefits Security Michael L. Davis. The council is studying the following issues: managing disability risks in an environment of individual responsibility; current challenges and best practices concerning beneficiary designations in retirement and life insurance plans; and examining income replacement during retirement years in a defined contribution plan system."
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| 5. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Mar. 2, 2012 Interested parties now have until March 19, 2012, to submit comments on the proposed rule ... Those who have already submitted comments or plan to submit comments should note that there was an error in the preamble published in the Federal Register ... that incorrectly listed the EBSA email address.... [C]omments sent electronically [via email] prior to February 22, 2012, should be resent to the correct email address[.] MORE >> |
| 6. |
U.S. Department of Labor [DOL]
Apr. 9, 2008
Excerpt: [The online video is meant] to help small employers and accountants understand the various options for providing a retirement program for their employees. 'Choosing a Retirement Solution for Your Small Business' introduces employers to the three most popular retirement arrangements. The video portrays real-life experiences of four small employers that operate simplified employee pension (SEP), savings incentive match plan for employees individual retirement arrangement (SIMPLE IRA) and 401(k) plans. It focuses on the ease in setting up a retirement program appropriate for small business owners as well as the advantages of sponsoring a retirement plan, including tax breaks and as a tool to attract and retain a quality workforce.
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| 7. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Feb. 21, 2008
Nice! Excerpt: The U.S. Department of Labor today released a new online resource that makes it easier for Americans to prepare for a financially secure retirement. A series of interactive worksheets were developed as a companion to a 2006 publication entitled 'Taking the Mystery Out of Retirement Planning.' Using the worksheets, individuals who are 10 to 15 years from retirement can calculate their income and savings as well as their projected expenses in retirement.
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| 8. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Dec. 2, 2004 Excerpt: "The U. S. Department of Labor's Employee Benefits Security Administration (EBSA) ... announced an extension of the deadline for filing Form 5500 and Form 5500 EZ annual report/returns due to extensive damage from severe storms and flooding in New York. President Bush has declared a major disaster in 14 counties in the State of New York due to the damage caused by the storms. The extension applies to plan administrators, employers and other entities located in areas directly ...." MORE >> |
| 9. |
U.S. Government Accountability Office [GAO]
Dec. 6, 2005
60 pages. "Due to the growing importance of workers aged 55 or older, GAO examined: [1] areas of the labor market affected by the aging of the workforce; [2] factors that influence the timing of retirement; and [3] what employers are doing to hire and retain older workers." [GAO-06-80, Dec. 5, 2005]
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| 10. |
U.S. Government Accountability Office [GAO]
Jan. 31, 2003
32 pages. "Labor agencies responsible for protecting pensions have not adequately addressed their human capital issues, which could constrain their efforts to protect pensions as these agencies face an expected surge in retirements within their workforces. It is critical that these weaknesses be addressed because of Labor's wide area of responsibilities." [GAO-03-106, Jan. 1, 2003]
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| 11. |
Proskauer Rose LLP
Mar. 18, 2010 Excerpt: [T]he Temporary Extension Act of 2010 (TEA) includes new notification requirements with regard to the federal government's COBRA subsidy. [On March 17], the DOL posted on its website several model notices that may be used for compliance with these requirements, as well as additional guidance regarding the changes made by TEA. MORE >> |
| 12. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Sept. 6, 2002
Press release. Excerpt: The U.S. Department of Labor is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans. The deadline for receipt of nominations is October 1, 2002. Also known as the 'ERISA Advisory Council,' the Council is bipartisan and has 15 members appointed by the Secretary of Labor to represent the groups and fields specified in the law that are involved in employee benefits.
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| 13. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
July 11, 2003
16 pages; appears to be newly published. Excerpt: The U.S. Department of Labor and Certified Financial Planner Board of Standards Inc. (CFP Board) want you to succeed in setting financial and retirement goals. Savings Fitness: A Guide to Your Money and Your Financial Future starts you on the way to setting goals and putting your retirement high on the list of personal priorities.
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| 14. |
PLANSPONSOR; registration may be required
Feb. 16, 2023 "U.S. Secretary of Labor Marty Walsh is resigning his cabinet post to become the next executive director of the NHL Players’ Association, according to the NHL and Department of Labor. The announcements confirmed reports of his departure that surfaced last week." MORE >> |
| 15. |
U.S. Department of the Treasury
Jan. 22, 2020 "The Board of Trustees of the Local 807 Labor-Management Pension Plan ... has submitted an application to reduce benefits under the plan in accordance with [MPRA] ... The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Fund has been published on the website of the Department of the Treasury, and to request public comments on the application from interested parties[.]" MORE >> |
| 16. |
U.S. Department of the Treasury
Aug. 24, 2018
"The Board of Trustees of the Laborers Local 265 Pension Plan, a multiemployer pension plan, has submitted an application to reduce benefits under the plan in accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to announce that the application ... has been published on the website of the Department of the Treasury, and to request public comments on the application from interested parties[.]"
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| 17. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
July 22, 2013
"Under the enforcement policy contained in Field Assistance Bulletin 2013-02, plan administrators may reset the deadline one time, for either the 2013 or the 2014 comparative chart, if the responsible plan fiduciary determines that doing so will benefit the plan's participants and beneficiaries and provided that no more than 18 months may pass before participants receive their next comparative chart.... Plans operating on a calendar year had to furnish their first chart no later than August 30, 2012, and their second chart is due no later than August 30, 2013 [subject to the one-time reset permitted under the terms of the Field Assistance Bulletin]. Many other plan disclosures, however, such as pension benefit statements, are disclosed later in the calendar year. Permitting a one-time 'reset' of the deadline will allow plan administrators to align the comparative chart with other participant disclosures."
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| 18. |
U.S. Department of Labor [DOL]
Dec. 10, 2010
Excerpt: In explaining why affording Ms. Kenseth such remedy in the circumstances of this case is both good law and good policy, the Secretary, as amicus curiae, seeks to assure that ERISA continues to provide remedies commensurate with the rights it confers on plan participants who have been wronged by a plan fiduciary's breach of fiduciary duty.'
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| 19. |
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Aug. 2, 2010
Excerpt: The regulation was submitted to the OMB for review before the enactment of the Patient Protection and Affordable Care Act. The proposed regulation was intended to address issues relating to state health care efforts and their effect on the maintenance of ERISA-covered welfare plans.
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| 20. |
U.S. Department of Labor [DOL]
Oct. 5, 2007
Excerpt: [T]he Department began a series of regulatory initiatives last year to expand disclosure requirements in three distinct areas: Disclosures by plans to participants to assist in making investment decisions; Disclosures by service providers to plan fiduciaries to assist in assessing the reasonableness of provider compensation and potential conflicts of interest; and More efficient, expanded fee and compensation disclosures to the government and the public through a substantially revised, electronically filed Form 5500 Annual Report.
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