Information on the interim procedural notice issued by the Employment Standards Administration of the U.S. Department of Labor (DOL); Sample language for the posting contained in the DOL release; Memorandum issued by the General Counsel of the National Labor Relations Board....
“is responsible for administering and enforcing the fiduciary, reporting and disclosure provisions of Title I of theEmployee Retirement Income Security Act of 1974(ERISA).” It was previously known as the Pension and Welfare Benefits Administration and began as the Pension and Welfare Benefits ...
Because it was only an AI, and not a regulation, the Trump administration was able towithdraw it very quickly in June2017. The current proposal seeks to put into place a clearer national standard for determining joint employment that will helpemployers to know whether they could face liability...
The 2022 Final Rule also eliminates the two “proxy non-voting” safe harbors which allows sponsors to adopt a non-voting position where (1) a proposal is not “substantially related to the issuer’s business activities or … expected to have a material effect on the value of the investment...
The DOL may appeal the decision to the Fifth Circuit, so the final rule’s fate remains to be seen. However, given the Fifth Circuit’s ruling and the District Court’s rationale, combined with a new presidential administration taking office in January, the chances of the rule being revived...
With the timing of the final rule’s publication prior to the November 2024 election, it is difficult to know if the rule will withstand legal challenges or a potential new administration. Takeaways Despite any legal challenges the final rule may face, employers should still...
or a new administration. The Department of Labor's (DOL) Final Rule was scheduled to take effect on De... Howard M. Kastrinsky - 《Employment Relations Today》 被引量: 0发表: 2017年 Regulating ERISA Fiduciary Outsourcing ("ERISA")4-the primary federal employment law that regulates employee...
Department of Labor (DOL) published a new final rule for determining independent contractor status under the Fair Labor Standards Act (FLSA). See our article here explaining the final rule. The rule had an initial effective date of March 8, 2021, but the Biden administration pressed pause on ...
There are already several events that suggest potential modifications to, or rollback of, the Rule and other regulations promulgated by the DOL toward the end of the Trump Administration. On Jan. 26, 2021, the DOL withdrew several Trump-era opinion letters including FLSA 2021-4, on the...
While the emphasis of prior guidance has shifted depending on the policy priorities of the administration in power at the time, DOL has been consistent in its position that a fiduciary cannot inappropriately sacrifice returns or take on additional risk when making investment decisions for ERISA plans...