Chris Nicholls
Last month, the Department of Labor filed a motion for an appeals court to hold its appeals in two court cases involving its new fiduciary rule, and the court granted the stay. At that time, Labor Secretary Lori Chavez-DeRemer’s nomination was under consideration, but she had not yet been confirmed by the U.S. Senate.
Now, the DOL is requesting additional time to determine next steps on these cases challenging the retirement security rule finalized under the Biden administration. According to the motion filed with the U.S. Court of Appeals for the Fifth Circuit by the Department of Justice, the DOL is requesting an additional 60 days.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
