PNC Financial, Verizon Investment Management, United States Steel, and Barclays Global Investors Receive Exemptions from ERISA and IRS Regulations

Summary

The US Department of Labor has granted exemptions to PNC Financial Services Group, Inc., Verizon Investment Management Corporation, United States Steel and Carnegie Pension Fund, and Barclays Global Investors, N.A. and Its Affiliates and Successors, from certain prohibited transaction restrictions under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986, following a public notice and comment period.