Labour market · 30/08/2010

DOL Proposes Rule to Clarify Employee Benefit Plans Prohibited Transaction Exemption Procedures

The Department of Labor has proposed a new rule to simplify and standardize the process for obtaining exemptions from prohibited transactions under the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code of 1986, and the Federal Employees' Retirement System Act of 1986 (FERSA).