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DOL/EBSA RIN: 1210-AC22 Publication ID: Spring 2023 
Title: ●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.

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: 29 CFR 2509.95-1   
Legal Authority: 29 U.S.C. 1104 to 1114   
Legal Deadline:  None
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:
Karen E. Lloyd
Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8510