Final Rule Relating to Time and Order of Issuance of Domestic Relations Orders Clarifies ERISA Requirements

Summary

The U.S. Department of Labor has finalized a rule clarifying the timing and order of domestic relations orders under the Employee Retirement Income Security Act of 1974 (ERISA), in response to a directive from the Pension Protection Act of 2006 (PPA). The rule aims to provide guidance for plan administrators, service providers, and participants on qualified domestic relations order (QDRO) requirements.