News Release
US Department of Labor extends comment period for joint request on retirement plan benefits information provided to workers, federal government
WASHINGTON – The U.S. Department of Labor announced that its Employee Benefits Security Administration, the Department of the Treasury, IRS and Pension Benefit Guaranty Corp. have jointly extended the comment period soliciting public input on existing reporting and disclosure requirements for retirement plans.
The Request for Information’s comment period has been extended for 30 days and will end on May 22, 2024.
The agencies published the RFI to develop a public record for purposes of the directive in section 319 of the SECURE 2.0 Act of 2022, which requires that these agencies review the existing reporting and disclosure requirements for certain retirement plans under the Employee Retirement Income Security Act of 1974, as amended and the Internal Revenue Code that are applicable to each agency.
The department encourages all interested parties to submit comments on the proposal during the extended public comment period.
