View Rule

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.