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By Staff Report
Mar. 25, 2009
The Department of Labor postponed until May 22 the implementation of the rule that allows workers to receive investment advice from employer-sponsored financial services firms under ERISA, spokeswoman Gloria Della confirmed.
That same day, the DOL extended for 60 days final implementation of this rule to comply with the incoming Obama administration’s request to review all regulations that were not yet finalized.
Filed by John D’Antona Jr. of Pensions & Investments, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
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