Labour market · 01/08/1995

Proposed Regulation for Plans Established or Maintained Pursuant to Collective Bargaining Agreements Under Section 3(40) (A)

The U.S. Department of Labor has proposed a new regulation under the Employee Retirement Income Security Act of 1974, which outlines specific criteria for determining whether an employee benefit plan meets the requirements of a collective bargaining agreement. If adopted, the regulation would exempt these plans from state regulation and affect their sponsors, participants, and beneficiaries.