Labour market · 14/02/2013

DOL Extends Comment Period for Proposed Amendment to PTE 2006-06

The Department of Labor is extending the comment period for a proposed amendment to PTE 2006-06, a prohibited transaction exemption issued under the Employee Retirement Income Security Act of 1974 (ERISA), which provides an exemption for certain transactions entered into on behalf of individual account pension plans that have been abandoned by their sponsors.