Browsing Tag
Department of Labor (DOL)
511 posts
The U.S. Department of Labor (DOL) is a cabinet-level federal agency that focuses on the welfare of American workers. It’s responsible for enforcing labor laws, promoting safe working conditions, and ensuring fair employment practices. The DOL also oversees programs related to unemployment benefits, job training, and workplace safety.
House Passes Amendments Blocking DOL Fiduciary Rule
In response, the Biden Administration said the president would veto the bill if it passed the Senate
Fiduciary Rule Comment Period Extension Request Denied
EBSA’s Lisa Gomez tells coalition requesting extension to 60-day comment period that it will not happen; hearing scheduled for Dec. 12-13
Insurance Industry Questions Next Steps for DOL Fiduciary Rule
In light of the Department of Labor's latest fiduciary proposal, critics question whats to come for the insurance industry
House to Vote on Bill Blocking Funding for DOL’s Fiduciary Rule
The spending bill contains three key amendments that would restrict funding to the fiduciary proposal
IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong
The American Retirement Association approves the Department of Labor's latest ERISA fiduciary definition update, while insurers dispute its necessity, labeling it a regulatory overreach on investment advice. Jason Berkowitz from the Insured Retirement Institute outlines significant issues with the proposed ERISA changes, critiquing both the policy and President Biden's recent statements on the retirement sector. Berkowitz examines the five-part test and Prohibited Transaction Exemptions' effects on ERISA fiduciaries, reflecting the lifetime income industry's regulatory stance.
Breaking Down the DOL’s Five-Part Test
The history behind the test and where it could potentially stand with the new fiduciary proposal
Biden: DOL Fiduciary Rule is a Further Crackdown on ‘Junk Fees’
President focused on retirement security during White House remarks Tuesday; Insured Retirement Institute blasts “unnecessary, redundant, and harmful proposal”
DOL Fiduciary Rule Released; Industry Reaction Pours In
President Biden will speak about the rule from the White House at 3:30; new proposal applies a fiduciary standard to retirement advice on rollovers
Trick or Treat? New DOL Fiduciary Rule Proposal to Debut on Halloween
First public look at controversial new rulemaking comes after White House event at 3:30 p.m. Tuesday featuring President Biden
First Public Look at New DOL Fiduciary Rule Coming Soon
White House OMB review winding down for controversial rule covering rollover advice; comment period could start as soon as this week