other · US Department of Labor · Published 2008-10-07 · Effective 2008-12-08 · 73 FR 58445
Document
Document number
E8-23433
Federal Register citation
73 FR 58445
CFR reference
29 CFR 2509
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Labor
Publication date
2008-10-07
Effective date
2008-12-08
Abstract
This document contains a final rule that amends Interpretive Bulletin 95-1 to limit the application of the Bulletin to the selection of annuity providers for defined benefit plans. Also appearing in today's Federal Register is a final regulation, entitled "Selection of Annuity Providers--Safe Harbor for Individual Account Plans", which establishes a safe harbor for the selection of annuity providers for the purpose of benefit distributions from individual account plans covered by title I of the Employee Retirement Income Security Act (ERISA). The amendment to Interpretive Bulletin 95-1, as well as the safe harbor for annuity selections, will affect plan sponsors and fiduciaries of individual account plans, and the participants and beneficiaries covered by such plans.