[ad_1]
The Labor Division is now “rigorously” reviewing and analyzing the greater than 19,000 submissions it obtained on its new fiduciary rule proposal, a Labor spokesperson advised ThinkAdvisor Friday.
Throughout the public remark interval, which ended on Jan. 2, “many of those submissions have been distinctive, whereas the overwhelming majority have been petitions that have been submitted in frequent by quite a few folks,” the spokesperson stated.
Labor’s Worker Advantages Safety Administration will “use the suggestions because it proceeds with its work on this rulemaking with the objective of finest defending the retirement funds of America’s employees after they obtain funding recommendation,” the spokesperson added.
“Submissions will likely be posted on EBSA’s web site and Laws.gov as quickly as doable,” the spokesperson stated.
[ad_2]
