Labour market · 18/04/1997

Proposed Rule Relating to Adjustment of Civil Monetary Penalties

The U.S. government has proposed a rule to adjust civil monetary penalties under the Employee Retirement Income Security Act of 1974 (ERISA) to account for inflation, in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990. The proposed rule would require periodic adjustments to penalties, with the first adjustment due within 180 days of the Act's enactment.