2 senators call for derisking rules

2014-10-30T20:42:30-07:00October 30th, 2014|Categories: Pension Reform|Tags: , |

Senate Finance Committee Chairman Ron Wyden, D-Ore., and Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, want federal regulators to set clear guidelines for employers undertaking pension derisking. In a letter sent Wednesday to agency heads at the Department of Labor, Department of Treasury, Pension Benefit Guaranty Corp. and the Consumer Financial Protection Bureau, Messrs. Wyden and Harkin asked them to consider developing guidance on procedures and the fiduciary duties of plan sponsors. […]