Labour market · 19/12/1997

Notice of Proposed Amendment to Prohibited Transaction Exemption 93-8 Involving Fortunoff Pension Plans

The Department of Labor is proposing an amendment to the 1993 exemption allowing Fortunoff Fine Jewelry and Silverware, Inc. and M. Fortunoff of Westbury Corporation to make certain transactions without violating labor regulations, potentially affecting thousands of participants and beneficiaries of the pension plans.