Yesterday, a federal District Court in Texas granted the plaintiffs against the Department of Labor a temporary injunction. This action freezes in place the Labor-Management Reporting and Disclosure Act rules as they were before the DOL’s announcement of its new rule. This means the effective date of July 1 is stayed until review and reversal by a higher court.
While the court predicts the Department of Labor will fail in its attempt to change the rule, agreements between employers and consultants, as described in the link, seem to still be a good precautionary safeguard.
Please see link below:
William R. Adams, Ph.D.
President & CEO
Adams, Nash, Haskell & Sheridan