Summary The Department of Labor’s June 2024 49-page “Report to Congress on Interpretive Bulletin 95-1” concludes that IB 95-1’s factors remain “relevant,” endorses a principles-based approach, and declines to materially strengthen fiduciary obligations for selecting PRT annuity providers. In doing so, the report ignores core ERISA prohibited-transaction risks and understates the post-transfer risk shift to … Continue reading DOL’s Pension Risk Transfer Flawed Report