Archives for Retirement

Letter to the Department of Labor regarding its proposed delay of the fiduciary rule’s applicability date (3/13/17)

Date: March 13, 2017

Issue: Fiduciary duty; Retirement

To: Department of Labor

Filing Type: Letter

Description: The Chamber strongly support delaying the applicability date by 60 days. In fact, we believe that a longer delay, such as a minimum of an additional one year, is necessary in order to allow the Department to fully consider comments it has requested on the substance of the Fiduciary Rule, and to draft a proposed regulation revising or rescinding the Fiduciary Rule as authorized in the President’s Memorandum.

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Letter to the DOL regarding retirement savings plans established by state political subdivisions (9/29/16)

Date: September 29, 2016

Issue: Retirement

To: Department of Labor

Filing Type: Comment letter

Description: The Chamber expresses concerns with the DOL's proposed rule, including concerns over ERISA preemption, lack of consumer protections, lack of protection for employers against litigation risk, creating an uneven playing field between the public and private sector and an inadequate economic analysis.

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