federal_register: 03-3393
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03-3393 | Proposed Class Exemption For Release of Claims and Extensions of Credit in Connection With Litigation | Notice | This document contains a notice of a proposed class exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and from certain taxes imposed by the Internal Revenue Code of 1986, as amended (the Code). The proposed class exemption would apply to transactions engaged in by a plan in connection with the settlement of litigation. This exemption is being proposed in response to concerns raised by the pension community regarding the impact of ERISA's prohibited transaction provisions on the settlement of litigation by employee benefit plans with parties in interest. The proposed exemption, if granted, would affect all employee benefit plans, the participants and beneficiaries of such plans, and parties in interest with respect to those plans engaging in the described transactions. | 2003-02-11 | 2003 | 2 | https://www.federalregister.gov/documents/2003/02/11/03-3393/proposed-class-exemption-for-release-of-claims-and-extensions-of-credit-in-connection-with | https://www.govinfo.gov/content/pkg/FR-2003-02-11/pdf/03-3393.pdf | Labor Department; Employee Benefits Security Administration | 271,131 | This document contains a notice of a proposed class exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and from certain taxes imposed by the Internal Revenue Code of... |