Regulatory roundup

More retirement-related regulatory news for plan sponsors, including links to detailed information.

Committee advances the Rehabilitation for Multiemployer Pensions Act

The U.S. House of Representative’s Committee on Education and Labor advanced the Rehabilitation for Multiemployer Pensions Act (H.R. 397). The bill aims to help prevent the imminent catastrophic collapse of the multiemployer pension crisis while protecting retirees’ benefits and saving taxpayers billions of dollars.

For more information, click here.

Final rule on electronic filing of notices for apprenticeship and training plans and statements for “top hat” plans issued

The U.S. Department of Labor (DoL) released final regulations that revise the procedures for filing apprenticeship and training plan notices and “top hat” plan statements with the Secretary of DoL. The final regulations require electronic submission of these notices and statements, as opposed to paper filings. The final regulations will make filing these notices and statements easier and lower regulatory burdens on these plans. They will also enable the DoL to make reported data more readily available to participants and beneficiaries and other interested members of the public than in the past.

For more information, click here.

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