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DOL/EBSA

RIN: 1210-AB01

Publication ID: Spring 2005

Title: Civil Penalty for Failure To Provide Section 302 Notice
Abstract: This rulemaking implements the civil penalty provisions in section 103 of the Pension Funding Equity Act of 2004 (PFEA), which amended section 502(c)(4) of ERISA to permit the Secretary of Labor to assess a civil penalty of not more than $1,000 a day for each violation by any person of the notice requirement in section 302(b)(7)(F)(vi) of ERISA, also added by the PFEA, relating to an election for deferral of charge for portion of net experience loss. Pursuant to section 101 of Presidential Reorganization Plan No.4 of 1978, 43 FR 47713 (Oct. 17, 1978), all authority of the Secretary of Labor to issue regulations, rulings, opinions, variances and waivers under parts 2 and 3 of subtitle B of title I, including section 302 of ERISA, has been transferred to the Secretary of the Treasury.
Agency: Department of Labor(DOL)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: Undetermined
CFR Citation: 29 CFR 2560
Legal Authority: 29 USC 1132(c)(4) PL 108-218 ERISA sec 502(c)(4) ERISA sec 505

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	11/00/2005

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Federalism: No
Included in the Regulatory Plan: No
Agency Contact: Jeffrey J. Turner Deputy Director, Office of Regulations and Interpretations Department of Labor Employee Benefits Security Administration N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington, DC 20210 Phone:202 693-8500