Proposed Class Exemption

This document is about a proposed class exemption from the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA) for certain transactions between multiple employer apprenticeship and training plans and their contributing employers. The proposed exemption would allow plans to purchase personal property, lease real property (excluding office space), and engage in other transactions with contributing employers under certain conditions. The goal is to facilitate the functioning of these jointly sponsored union-employer apprenticeship and training programs.