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January 26, 1998

Ohio Plan Sponsor And Trustees Ordered To Pay More Than $41,000 Of Additional Benefits To Participants For Under Calculating Benefits

Archived News Release — Caution: Information may be out of date.

The sponsor and trustees of the Dick DeRoberts & Co. Pension Plan in Columbus, Oh., were ordered to pay $41,577.31 in additional benefits to participants for improperly amending plan documents in a manner that adversely affected the participants in violation of federal pension law, according to a consent order and judgment obtained by the U.S. Department of Labor.

January 20, 1998

News Release Archive: ESA Press Release: President Clinton Requests Additional Funds for Labor Department Civil Rights Enforcement

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Employment Standards Administration

ESA Press Release: President Clinton Requests Additional Funds for Labor Department Civil Rights Enforcement [01/20/1998]

For more information call: 202-219-8211

President Clinton has announced he is requesting an additional $6 million for the Department Of Labor's Office of Federal Contract Compliance Programs (OFCCP), as part of an Administration-wide civil rights initiative.

January 14, 1998

EBSA Press Release: Labor Department Announces Procedure for State-Registered Investment Advisers to Obtain ERISA Investment Manager Status [01/14/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

The U.S. Department of Labor today announced a new procedure state-registered investment advisers must follow in order to obtain investment manager status under federal pension law.

January 12, 1998

News Release Archive: ILAB Press Release: Labor Secretary Herman RequestsConsultation with Mexican Counterpart on NAFTA Pregnancy Discrimination Complaint

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Bureau of International Labor Affairs

ILAB Press Release: Labor Secretary Herman Requests Consultation with Mexican Counterpart on NAFTA Pregnancy Discrimination Complaint [01/12/1998]

January 9, 1998

Ohio Businessman Sentenced For Embezzling Pension Assets

Archived News Release — Caution: Information may be out of date.

A Macksburg, Ohio businessman, Paul M. Hetrick, was sentenced today to two years of probation and 4 months’ home incarceration by electronic monitoring. Hetrick has agreed to make full restitution of $23,310 to the plans.

December 1, 1997

News Release Archive: ILAB Press Release: Labor Department to Hold Conference on International Treaties

Archived News Release — Caution: Information may be out of date.

U.S. DEPARTMENT OF LABOR

Bureau of International Labor Affairs

ILAB Press Release: Labor Department to Hold Conference on International Treaties [12/01/1997]

November 25, 1997

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

Archived News Release — Caution: Information may be out of date.

Contact Name: Sharon Morrissey
Phone Number: 202.219.8921

The U.S. Department of Labor has issued a final rule governing the timing of deposits by employers of participant contributions to Savings Incentive Match Plans for Employees (SIMPLE plans) involving Individual Retirement Accounts (IRAs).

November 25, 1997

Amendment of ERISA Plan Asset Rules Provides Guidance for Simple Plans Involving IRAs

Archived News Release — Caution: Information may be out of date.

November 24, 1997

EBSA Press Release: Department of Labor Promotes Retirement Savings Through SAVER Act [11/24/1997]

Archived News Release — Caution: Information may be out of date.

For more information call: 202/219-8211

President Bill Clinton has signed into law the Savings Are Vital to Everyone Retirement Act of 1997, known as the "SAVER Act." The SAVER Act will promote awareness of the importance of retirement savings through a series of outreach programs to be spearheaded by the U.S. Department of Labor.

November 24, 1997