EBSA Issues Rules on Domestic Relations Orders

EBSA issued an interim final rule with a request for comments as required by Section 1001 of PPA. The final rule takes effect April 6, 2007. It adds Labor Reg. 2530.206, which includes examples addressing that a domestic relations order (DRO) will not fail as a qualified domestic relations order solely because it is issued after another domestic relations order, or revises another domestic relations order. The examples provided in the reg include a subsequent DRO issued to the same parties, a subsequent DRO issued between different parties, DROs issued after the participant’s death, and DROs issued after the annuity start date. [tags]Pension Protection Act, pension, domestic relations order, DRO, ppa[/tags]