DOL headquarters, Washington D.C. (Phot:o: Michael Scarcella/ALM)
Updated 10-3-2019 to include DOL spokesperson comments.
The reorganization of the Employee Benefits Security Administration, which will shift oversight of rule-making and exemptions from a career, bureaucratic position to a presidentially-appointed political position, was scheduled for implementation October 1, according to a Labor Department spokesperson.
The reorganization is widely understood as a means to expedite Trump administration priorities under EBSA's auspice, according to sources speaking on the record and on background.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
