Final Rule Relating to Adjustment of Civil Monetary Penalties
other · US Department of Labor · Published 1997-07-29 · Effective 1997-07-29 · 62 FR 40696
Document
Document number
97-19769
Federal Register citation
62 FR 40696
CFR reference
29 CFR 2570
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Labor
Publication date
1997-07-29
Effective date
1997-07-29
Abstract
This document contains a final rule that adjusts the civil monetary penalties under Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA), pursuant to the requirements of the Federal Civil Penalties Inflation Adjustment Act of 1990 (the 1990 Act), as amended by the Debt Collection Improvement Act of 1996 (the Act). The Act amended the 1990 Act to require generally the adjustment of civil monetary penalties for inflation no later than 180 days after enactment of the Act, and at least once every four years thereafter, in accordance with guidelines specified in the 1990 Act, as amended.