DOL extends comment period for proposed amendments to PT Class Exemption 2006-06

 

The Department of Labor is extending the comment period to March 18, 2013 for proposed amendments to PT Class Exemption 2006-06. The Class Exemption provides an exemption for certain transactions entered into on behalf of individual account pension plans that have been abandoned by their sponsors. The comment period was originally scheduled to close on February 11, 2013.

Notice of the right to comment was provided in the Federal Register on December 12, 2012. However, due to administrative error, a copy of the proposed amendment to PTE 2006-06 was not posted to www.regulations.gov until January 22, 2013. Accordingly, the DOL is extending the comment period to March 18, 2013.

Source: 78 FR 10639, February 14, 2013.
For more information, visit http://www.wolterskluwerlb.com/rbcs.

For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer’s Benefits Reports.

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