The Department of Labor and the Employee Benefits Security Administration have proposed new regulations that would have a profound impact on the retirement savings of millions of Americans. These proposals are lengthy, technical, and extremely complex, yet the agencies have seen fit to offer the public a mere 30 days to give feedback. Simply put, it is unreasonable to expect the many pension funds, retirees, and employers who will be affected by these regulations to be able to analyze and offer through comments on these proposed rules in this short time frame. That is why Better Markets and 20 other public interest groups are urging the agencies to extend the comment period. Read the joint letter here or by clicking the button below.
July 9, 2020
Better Markets Joins 20 Other Public Interest Groups Requesting the DOL Extend the Comment Period for the Agency’s 401(K) Proposal