DOL proposes amendments to Abandoned Plan Program

The Department of Labor’s Employee Benefits Security Administration (EBSA) is proposing to allow bankruptcy trustees to take advantage of the agency’s Abandoned Plan Program regulations under ERISA to terminate, wind up, and distribute retirement plan benefits to former employees of bankrupt companies.

Filed under:
USA, Employee Benefits & Pensions, Insolvency & Restructuring, Littler Mendelson PC, US Department of Labor, Employee Benefits Security Administration (USA)
Authors:
Ilyse W. Schuman
Location:
USA
Firm:
Littler Mendelson PC