1210-AC22 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 1210 Employee Benefits Security Administration EBSA 1200 Department of Labor DOL Review of Pension Risk Transfer Interpretive Bulletin 95-1

In 1995, the Department published an interpretive bulletin relating to the fiduciary standards under the Employee Retirement Income Security Act of 1974 (ERISA) when selecting an annuity provider for defined benefit pension plan distributions (IB 95-1).  60 FR 12329, amended at 73 FR 58445 (Oct. 7, 2008).  Section 321 of the SECURE 2.0 Act of 2022 directed the Secretary of Labor, not later than I year after the date of enactment, to review IB 95-1, determine whether amendments are warranted, and report to Congress on the findings of such review, including an assessment of any risk to participants.  The Department must consult with the Advisory Council on Employee Welfare and Pension Benefit Plans, established under ERISA section 512, as part of this review.

]]> Other Significant First Time Published in The Unified Agenda Prerule Stage Undetermined Undetermined 29 CFR 2509.95-1 29 U.S.C. 1104 to 1114 No Stakeholder Meetings 06/00/2023 Undetermined Undetermined Undetermined Undetermined No No Karen Lloyd E. Office of Regulations and Interpretations 1210 Employee Benefits Security Administration EBSA 202 693-8510 lloyd.karen@dol.gov 200 Constitution Avenue NW, FP Building, Room N-5655, Washington DC 20210