And according to HR pros, this delay couldn’t have come at a better time.
First, an update on the delay. As HR Benefits Alert reported previously, the delay was first mentioned at the ABA Labor & Employment Law Annual Conference in Philadelphia. DOL Solicitor Patricia Smith told attendees the final regs probably wouldn’t be ready until “late” 2016.
Now, the DOL appears to be aiming for the summer as the release date for the final regs. In the agency’s fall 2015 regulatory agenda, the DOL wrote that it’s targeting a July 2016 release date.
Granted, this is still just an estimated release date (nothing is official), but it does provide some insight as to where the DOL’s at with the rules.
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