labor lawAdivision of labor law center

Employers have been invited to comment on new regulations regarding 401k and other retirement savings plans.

The US Department of Labor recently announced stricter rules for employers to follow in informing workers of options. These regulations are proposed at this point, however, they will become final beginning January 1, 2009. The proposed regulations were published in the Federal Register on July 23, 2008.

Employers can comment on the new regulations by (more…)

Employers are warned that the US Department of Labor and the Securities and Exchange Commission or SEC will be sharing information on employee retirement plans such as 401ks. This collaboration enables the federal agency to more strictly enforce regulations on employers.

Elaine L. Chao, U.S. secretary of labor, and Christopher Cox, chairman of the U.S. Securities and Exchange Commission (SEC), today committed to (more…)