Notice published on May 18 by Labor Department

The US Labor Department published a two page notice on May 18, according to the U.S. Government Publishing Office.

The notice is focused on Grant of Amendment to Prohibited Transaction Exemption (PTE) 93-8 Involving the Fortunoff Pension Plans (the Plans) Located in Westbury, NY.

The Department provides billions in unemployment insurance, which peaked around 2011 though spending had declined before the pandemic. Downsizing the Federal Government, a project aimed at lowering taxes and boosting federal efficiency, claimed the Department funds "ineffective and duplicative services" and overregulates the workplace.

Notices are required documents detailing rules and regulations being proposed by each federal department. This allows the public to see what issues legislators and federal departments are focusing on.

Any person or organization can comment on the proposed rules. Departments and agencies must then address “significant issues raised in comments and discuss any changes made,” the Federal Register says.

Notices published by the Labor Department on May 18

Title
Proposed Exemptions; McClain's R.V., Inc. 401(k)
Grant of Amendment to Prohibited Transaction Exemption (PTE) 93-8 Involving the Fortunoff Pension Plans (the Plans) Located in Westbury, NY
Grant of Individual Exemptions; Equitable Life Assurance Society
Notice Inviting Proposals for Promoting Employer Participation in School-to-Work (STW) Systems