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The 15-member Advisory Council on Employee Welfare and Pension Benefit Plans provides advice on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act.

EBSA's proposed rule will make it easier for Chapter 7 bankruptcy trustees to distribute assets from bankrupt companies retirement plans.

'When people see the re-proposal, reasonable people with open minds will say [DOL] listened, says EBSA chief Phyllis Borzi, with more clarity on fiduciary standards due in 2013.

The U.S. Department of Labor has filed a lawsuit against a New York-based ESOP.

As the government reaches for more revenue to avert the fiscal cliff, new limits on tax expenditures could reduce potential 401(k) contributions by 65 percent.

Advance copies of the annual Form 5500 have been released by the DOL, with at least four major modifications of note.

Small changes - such as federal workers contributing more toward their pensions - could start producing real changes to the potential $500 billion cliff.

The suit seeks to recover losses suffered by participants in the Maran Inc. Employee Stock Ownership Plan after the plan was allowed to purchase overvalued company stock.