Department of Labor

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Department of Labor

A department of the United States government that is responsible for enforcement of laws regulating workplace conditions, minimum wages, and other federal labor laws. It is also administers unemployment insurance and collects some economic statistics, particularly regarding unemployment.
References in periodicals archive ?
Ideally, the DOL will issue regulatory guidance--including a regulatory safe harbor--or subregulatory guidance that specifically applies to addressing lost participant and outstanding benefit payment issues involving ongoing defined contribution and defined benefit (DB) plans.
--Read DOL May Kill Major Group Disability Claim Regulation on ThinkAdvisor.
The industry is concerned about the potential for costly lawsuits owing to a DOL rule provision allowing for a private cause of action by the class action bar.
Scalia, a partner in Gibson, Dunn & Crutcher's Washington office, who's the son of the late Supreme Court Justice Antonin Scalia, told IA that during his time as DOL solicitor, "I don't recall a case where we felt we needed to move" venues.
After October 17, 2013, the Bobov Dol TPP will be obliged to reduce the capacity of its units 1 and 2 to a maximum of 180 MW, unless an additional permit is issued by the Ministry of Environment and Water to extend the trial runs.
One of Advocacy's key concerns is the contradictory nature of DOL's insistence the rule will not constitute a significant burden with the assertions DOL made in the original rule where DOL clearly admits a burden exists.
The DOL may initiate exemption proceedings on its own, usually where there is a need for a class exemption that has been recognized by the DOL as applicable on an industry-wide basis.
Building on the MRBs framework, DOL ensures the policies and goals of the PMA are carried out through the oversight of other boards and work groups, ensuring its commitments are widely communicated and successfully managed.
DOL first began conducting public-private competitions as part of its competitive sourcing program in fiscal year 2004, and since that time, it has set up performance and cost reporting systems to monitor progress in meeting the goals of competitive sourcing--that is, to obtain high-quality services at a reasonable cost and to achieve outcomes that represent the best deal for the taxpayer.
Specifically, the AICPA recommended the DOL adopt an approach to establishing independence rules and guidelines that is based on a comprehensive framework and set of risk-based principles, and establish a process to ensure that such independence rules and guidelines continue to be interpreted and updated as may become necessary.
The DOL is seeking guidance on those issues, among others.
Under the VFC program, individuals who could be liable for a fiduciary breach can avoid a DOL civil investigation or other DOL action with respect to that breach if all of the conditions for relief have been satisfied.