PTE Procedures may get a revamp

Final regulations updating the the rules governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of ERISA, the Internal Revenue Code and the Federal Employees’ Retirement System might be released soon.

The White House Office of Management and Budget’s (OMB) indicated that a final rule updating the prohibited transaction exemption procedures was submitted for

The proposed amendment will help clarify the types of information and documentation required for a complete application.

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