Department Of Labor Increases Penalties For Certain ERISA Violations
The U.S. Department of Labor (DOL) published on July 1, 2016, an interim final rule adjusting the civil monetary penalties that it can enforce. These adjustments are the result of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Inflation Adjustment Act) whereby federal agencies were directed to adjust their civil monetary penalties for inflation each year.
Before the Inflation Adjustment Act, the DOL had not changed many of the civil monetary penalties […]