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Employee Retirement Income Security Act (ERISA) › Private Sector

Ogletree, Deakins, Nash, Smoak & Stewart,...

New Arizona Law on Union Benefits and Financial Disclosure Obligations Set to Take Effect

Ogletree, Deakins, Nash, Smoak & Stewart,... on

In May 2021, the Arizona Legislature passed and Governor Doug Ducey signed Senate Bill (SB) 1268, which imposes stricter reporting requirements on private-sector labor unions by requiring “similar fiduciary guidelines as...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Puerto Rico Government Plan-to-Private Plan Rollovers Allowed

Ogletree, Deakins, Nash, Smoak & Stewart,... on

On January 20, 2021, the Puerto Rico Department of the Treasury (Departamento de Hacienda, commonly known as “Hacienda”) issued Administrative Determination No. 21-01 (AD 21-01), which provides that lump-sum distributions...more

Franczek P.C.

Senate Votes to Revoke Department of Labor Guidance on State-Run Retirement Plans for Private Sector Employees

Franczek P.C. on

In yet another move to roll-back regulatory guidance issued during the Obama administration, earlier this month the U.S. Senate voted to revoke a final rule and associated interpretive guidance that the Department of Labor...more

Franczek P.C.

Final Regulations Issued on Application of ERISA to State-Sponsored Retirement Programs for Private Sector Employees

Franczek P.C. on

The U.S. Department of Labor (“DOL”) has issued final regulations allowing states to implement state-sponsored retirement plans for private sector employees without running afoul of the Employee Retirement Income Security Act...more

Miles & Stockbridge P.C.

A Mandatory Retirement Plan for Maryland Employers

Miles & Stockbridge P.C. on

“Obamacare, but for retirement plans” is one way to describe recent state initiatives to establish automatic enrollment into individual retirement accounts (IRAs). One big difference, of course, is that the Affordable Care...more

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