Rynek pracy · 1.11.2024

Privacy Act of 1974; System of Records

The Privacy Act of 1974 and Office of Management and Budget (OMB) Circular No. A-108 requires that each agency publish notice of a new or modified system of records that it maintains. Section 523 of the Employee Retirement Income Security Act (ERISA), as added by the SECURE 2.0 Act of 2022, requires the Department of Labor (DOL) to create an online searchable database called the "Retirement Savings Lost and Found." This notice proposes a new system of records for the Retirement Savings Lost and Found that contains information about individuals who are or were participants in certain workplace-sponsored retirement plans. The system is designed to help individuals who may have lost track of their retirement plan search for the contact information of the appropriate plan administrator and make a claim for benefits owed to them.