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Archived News Release--Caution: information may be out of date.

LABOR DEPARTMENT ISSUES NEW BOOKLET ON EXEMPTION PROCEDURES

Tues., Oct. 24, 1995

For more information call: (202) 219-8921.

The U. S. Department of Labor's Pension and Welfare Benefits Administration has published a new booklet on exemption procedures for employee benefit plans covered by the Employee Retirement Income Security Act (ERISA).

The booklet, "Exemption Procedures Under Federal Pension Law," provides employers, plan administrators and employee benefit practitioners with the basic requirements and procedures needed to apply for exemptions from the prohibited transaction rules of ERISA.

It also gives the statutory criteria for granting an exemption under the law, describes procedures for requesting an exemption from the department, provides examples of exemption requests and information on where to get help with exemption application requests.

The department has 20 years of experience processing large numbers of applications for exemptions from ERISA's prohibited transaction provisions. The booklet outlines the factors the department ordinarily requires in routine exemption requests. For a free copy of the booklet contact:

Archived News Release--Caution: information may be out of date.