29 CFR 2575.502c-3 - Adjusted civil penalty under section 502(c)(3).

Regulations last checked for updates: Nov 25, 2024

Title 29 - Labor last revised: Oct 31, 2024

View all text of Subpart A [§ 2575.1 - § 2575.502c-3]

§ 2575.502c-3 - Adjusted civil penalty under section 502(c)(3).

In accordance with the requirements of the 1990 Act, as amended, the maximum amount of the civil monetary penalty established by section 502(c)(3) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is hereby increased from $100 a day to $110 a day. This adjusted penalty applies only to violations occurring after July 29, 1997.

authority: 29 U.S.C. 1135; 28 U.S.C. 2461 note; Secretary of Labor's Order 1-2003, 68 FR 5374 (Feb. 3, 2003)

source: 64 FR 42246, Aug. 3, 1999, unless otherwise noted.

cite as: 29 CFR 2575.502c-3