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Release Date: March 6, 2007
Release Number: 07-322-NAT
Contact Name: Gloria Della/Peter Hong
Phone Number: 202.693.8664/202.693.4676
Washington - The U.S. Department of Labor
today announced an interim final rule regarding the qualified domestic
relations order (QDRO) requirements of the Employee Retirement Income
Security Act (ERISA).
The rule is being issued under the Pension Protection
Act of 2006, which requires the Labor Department to issue by August 2007
regulations clarifying that a domestic relations order otherwise meeting
ERISA’s QDRO requirements would not fail to be treated as a QDRO
solely because of when it is issued or because it is issued after, or
revises, another domestic relations order. The rule includes examples to
address various circumstances involving the timing of a domestic
relations order.
“The publication of this rule is another step
forward in implementation of the Pension Protection Act,” said
Bradford P. Campbell, acting assistant secretary of labor for employee
benefits security. “I am pleased with the Department of Labor’s
progress in issuing the regulations and guidance required by this
landmark legislation.”
The regulation is to be published in the Federal
Register’s March 7, 2007, edition. While the rule will become
effective 30 days after publication, the public is invited to submit
written comments electronically to e-ORI@dol.gov or through the federal
e-rulemaking portal at www.regulations.gov.
U.S. Department of Labor news releases are accessible on the
Department's Newsroom
page. The information in this news release will be made available
in alternate format upon request (large print, Braille, audio tape or
disc) from the COAST office. Please specify which news release when
placing your request at 202.693.7765 or TTY 202.693.7755. The U.S.
Department of Labor is committed to providing America's employers and
employees with easy access to understandable information on how to comply
with its laws and regulations. For more information, please visit the
Department's Compliance
Assistance page.
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