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Title: Amendment to Interpretive Bulletin 95-1
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Abstract: This rulemaking implements the directive in section 625 of the Pension Protection Act of 2006, which requires the Secretary of Labor to issue, not later than one year after the date of enactment, final regulations clarifying that the selection of an annuity contract as an optional form of distribution from an individual account plan is not subject to the safest available annuity requirement under Interpretive Bulletin 95-1 and is subject to all otherwise applicable fiduciary standards.
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Agency: Department of Labor(DOL)
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Priority: Other Significant
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RIN Status:
Previously published in the Unified Agenda
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Agenda Stage of Rulemaking:
Final Rule Stage
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Major:
No
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Unfunded Mandates:
No
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CFR Citation:
29 CFR 2509.95-1
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Legal Authority:
PL 109-280 sec 625, Pension Protection Act of 2006; 29 USC 1135; ERISA sec 505
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Regulatory Flexibility Analysis Required:
Undetermined
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Government Levels Affected:
Undetermined
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Federalism:
No
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Energy Effects:
No
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Included in the Regulatory Plan:
No
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Initial (Administrative Startup and /or Capital) Cost:
$0
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Yearly (Annual Operating) Cost:
$0
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Related RINs:
Related to 1210-AB19
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Agency Contact:
Janet Walters
Senior Advisor
Department of Labor
Employee Benefits Security Administration
200 Constitution Avenue NW., FP Building, Room N5669,
Washington, DC 20210
Phone:202 693-8500
Fax:202 219-7291
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