Notice 28 Mar 2025 compliance, financial implications, employee benefits, department of labor, private sector, trust real estate investment trusts

📊DOL Notice on Trust REIT Shares Acquisition and Sale

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

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Notice 28 Mar 2025 compliance, regulation, employee benefits, department of labor, investment funds

📝DOL Submits Comment Request on Investment Fund Regulations

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

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Notice 28 Mar 2025 compliance, financial regulations, erisa, employee benefits, department of labor, investment funds

📊DOL Seeks Comments on Prohibited Transaction Class Exemption

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

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Rule 24 Mar 2025 pensions, employee benefits, financial regulation, government employees, child support, federal retirement, retirement, court-ordered payments, alimony, thift savings plan

💼New Methodology for Calculating Earnings on Court-Ordered TSP Payments

The Federal Retirement Thrift Investment Board (FRTIB) adopts as final, without changes, a proposed rule concerning the methodology used to calculate earnings and losses in connection with court-ordered payments to spouses, former spouses, children, or dependents (i.e., payees) of Thrift Savings Plan (TSP) participants.

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Notice 14 Mar 2025 compliance, erisa, employee benefits, department of labor, pension plans, welfare plans

📄Regulatory Notice on Definition of Plan Assets for Employee Contributions

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

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Notice 14 Mar 2025 regulatory compliance, financial services, employee benefits, department of labor, foreign currency transactions

💰DOL Seeks Comments on Foreign Currency Transactions Regulation

The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.

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Notice 5 Mar 2025 compliance, labor department, employee benefits, financial regulation, exemptions, asset management

📊Amendments to PTEs 2016-10 and 2016-11

This document provides notice of an amendment to Prohibited Transaction Exemptions (PTEs) 2016-10, granted to Royal Bank of Canada (together with its Current and Future Affiliates, RBC), and 2016-11, granted to Northern Trust Corporation (together with its Current and Future Affiliates, Northern) that extends the effective periods of the exemptions for up to six months if RBC and Northern meet certain conditions. The amendment to PTE 2016-10 is referred to herein as the RBC QPAM Amendment, and the amendment to PTE 2016-11 is referred to herein as the Northern QPAM Amendment (collectively, the Amendments).

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Compliance, Regulatory Requirements 23 Jan 2025 compliance, privacy act, department of energy, federal energy regulatory commission, employee benefits, transit subsidy

🏢FERC Updates Notice on Transit Subsidy Program Records Compliance

In accordance with the Privacy Act of 1974, all agencies are required to publish in the Federal Register a notice of their systems of records. Notice is hereby given that the Federal Energy Regulatory Commission (FERC) is publishing notice of modifications to an existing FERC system of records titled "FERC Transit Subsidy Program (TSP) Records (FERC-41)" previously titled "FERC Transit Subsidy Program (TSP) (FERC-41)."

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Regulatory Compliance, Financial Management 21 Jan 2025 regulatory compliance, financial services, erisa, employee benefits, qpam exemption, northern trust

⚖️Northern QPAMs' Exemption Proposal

This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). The proposed exemption would allow certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12.

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Compliance, Financial Assistance 15 Jan 2025 arizona, erisa, employee benefits, labor unions, apprenticeship programs, prohibited transactions

🏢Exemption for Boilermakers Fund from ERISA Prohibited Transactions

This document gives notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA). The exemption permits the purchase of a parcel of improved real property (the Property) by the Boilermakers Western States Apprenticeship Fund (the Plan or Applicant) from the "Navajo Nation" Lodge 4 of the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmith, Forgers, and Helpers (Lodge 4) whose members may be participants in the Plan.

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