Labor Department News Releases Update

The Occupational Safety and Health Administration is asking the public for information about worker safety hazards in communication tower construction and maintenance activities. Public input will assist the agency in determining what measures are needed to prevent worker injuries and fatalities.

The U.S. Department of Labor has released a proposed rule that will protect 401(k) and IRA investors by mitigating the effect of conflicts of interest in the retirement investment marketplace. A White House Council of Economic Advisers analysis found that these conflicts of interest result in annual losses of about 1 percentage point for affected investors—or about $17 billion per year in total.