View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

DOL/EBSA RIN: 1210-AC18 Publication ID: Spring 2023 
Title: ●Emergency Savings Accounts Linked to Individual Account Plans 
Abstract:

Section 127 of SECURE 2.0 Act of 2022 amended the Employee Retirement Income Security Act of 1974 by adding provisions that provide for emergency-savings accounts linked to individual account plans.  The provisions also grant the Secretary authority to prescribe regulations that address reporting and disclosure requirements for pension-linked emergency savings accounts.  This action will explore the need for regulatory or other guidance regarding implementation of the ERISA amendments in section 127 of SECURE 2.0 Act of 2022.  The Department of Labor’s Employee Benefits Security Administration intends to start by consulting with stakeholders to explore areas where regulatory or other guidance would facilitate establishment of pension-linked emergency savings accounts.

 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: SECURE 2.0 Act of 2022, sec. 127    29 U.S.C. 1102((45)    ERISA sec. 3(45)    29 U.S.C. 1135    ERISA sec. 505    29 U.S.C. 1193b    ERISA sec. 803   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Stakeholder Meetings  06/00/2023 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Deputy Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500