Tag: United States Department of Labor (DOL)

Regulation April 4, 2023

DOL Offers First Legal Defense of Its New ESG Rule

The Department of Labor challenged the plaintiffs’ standing and defended the legality of the new ESG rule, but also saw its motion for a venue change dismissed.

Regulation March 22, 2023

DOL Reopens Comment Period for New QPAM Proposal

A third comment period will remain open until April 6.

Regulation March 16, 2023

19 Republican States Create Anti-ESG Alliance

The coalition led by Florida Governor Ron DeSantis outlined its policy goals in relation to ESG.

Regulation March 10, 2023

Biden’s Proposed Spending Priorities Include Social Security, DOL, IRS

Proposed budget advocates for higher fines and more aggressive enforcement by DOL in equal opportunity cases.

Regulation March 2, 2023

Congress Adds Fuel to Anti-ESG Fire

The joint resolution, which President Joe Biden has said he will veto, increases the heat in the U.S. on ESG investing, and asset managers see risks.

Regulation February 24, 2023

Congressional Democrats Try to Make DOL ESG Rule the Law

Members of the Sustainable Investment Caucus have proposed legislation that would codify permitting ESG considerations in retirement plan investment.

Regulation February 23, 2023

The ESG Lawsuits Continue

This one, brought in Wisconsin, alleges that the DOL’s rule on ESG unlawfully compromises Americans’ retirement.

Regulation February 7, 2023

Labor Secretary Marty Walsh Will Leave Post for NHL Players’ Association

The NHLPA has not yet voted on a new executive director, but Walsh is expected to be approved in the coming days.

Regulation February 6, 2023

EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue

The issue of considering ESG in retirement plans is becoming increasingly polarized.

Regulation January 31, 2023

PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans

The three pension plans had additional SFA packages approved Friday.

Newsmakers January 27, 2023

25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing

The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.

Regulation December 23, 2022

SECURE 2.0 Caps Variable-Rate Premiums

The variable premiums paid to PBGC would be un-indexed from inflation.

Regulation December 13, 2022

EBSA Recovers $1.4 Billion for Plan Participants

The amount is less than half of what it was 2020, when it started to decline.

Regulation December 12, 2022

DOL Releases New Form 5500 Instructions

Changes have been made to Form 5500 and Form 5500-SF.

Newsmakers December 9, 2022

Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance

The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...