29 C.F.R. PART 2575—ADJUSTMENT OF CIVIL PENALTIES UNDER ERISA TITLE I
Title 29 - Labor
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.
Source: 62 FR 40699, July 29, 1997, unless otherwise noted. Redesignated at 64 FR 42246, Aug. 3, 1999.
Section 31001(s) of the Debt Collection Improvement Act of 1996 (the Act, Public Law 104–134, 110 Stat. 1321–373) amended the Federal Civil Penalties Inflation Adjustment Act of 1990 (the 1990 Act, Public Law 101–410, 104 Stat. 890) to require generally that the head of each Federal agency adjust the civil monetary penalties subject to its jurisdiction for inflation within 180 days after enactment of the Act and at least once every four years thereafter. [68 FR 2878, Jan. 22, 2003] In accordance with the requirements of the 1990 Act, as amended, the amount of the civil monetary penalty established by section 209(b) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is hereby increased from $10 for each employee to $11 for each employee. This adjusted penalty applies only to violations occurring after July 29, 1997. In accordance with the requirements of the 1990 Act, as amended, the maximum amount of the civil monetary penalty established by section 502(c)(1) 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. In accordance with the requirements of the 1990 Act, as amended, the maximum amount of the civil monetary penalty established by section 502(c)(2) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is hereby increased from $1000 a day to $1100 a day. This adjusted penalty applies only to violations occurring after July 29, 1997. 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. In accordance with the requirements of the 1990 Act, as amended, the maximum amount of the civil monetary penalty established by section 502(c)(5) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is hereby increased from $1,000 a day to $1,100 a day. This adjusted penalty applies only to violations occurring after March 24, 2003. [68 FR 2879, Jan. 22, 2003] In accordance with the requirements of the 1990 Act, as amended, the maximum amount of the civil monetary penalty established by section 502(c)(6) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), is hereby increased from $100 a day but in no event in excess of $1,000 per request to $110 a day but in no event in excess of $1,100 per request. This adjusted penalty applies only to violations occurring after March 24, 2003. [68 FR 2879, Jan. 22, 2003]
Title 29: Labor
PART 2575—ADJUSTMENT OF CIVIL PENALTIES UNDER ERISA TITLE I
Section Contents
§ 2575.100 In general.
§ 2575.209b-1 Adjusted civil penalty under section 209(b).
§ 2575.502c-1 Adjusted civil penalty under section 502(c)(1).
§ 2575.502c-2 Adjusted civil penalty under section 502(c)(2).
§ 2575.502c-3 Adjusted civil penalty under section 502(c)(3).
§ 2575.502c-5 Adjusted civil penalty under section 502(c)(5).
§ 2575.502c-6 Adjusted civil penalty under section 502(c)(6).
Subpart A—Adjustment of Civil Penalties Under ERISA Title I
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§ 2575.100 In general.
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§ 2575.209b-1 Adjusted civil penalty under section 209(b).
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§ 2575.502c-1 Adjusted civil penalty under section 502(c)(1).
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§ 2575.502c-2 Adjusted civil penalty under section 502(c)(2).
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§ 2575.502c-3 Adjusted civil penalty under section 502(c)(3).
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§ 2575.502c-5 Adjusted civil penalty under section 502(c)(5).
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§ 2575.502c-6 Adjusted civil penalty under section 502(c)(6).
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Subparts B–D [Reserved]
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