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  • U.S. Department of Veterans Affairs administers over 146,000 COVID-19 Vaccine Doses to date

    U.S. Department of Veterans Affairs administers over 146,000 COVID-19 Vaccine Doses to date | site |



    (Information contained in U.S. Department of Veterans Affairs press release dated: January 5, 2021)

    Washington - - The U.S. Department of Veterans Affairs (VA) announced today it has administered initial COVID-19 vaccine doses to more than 14,000 Veterans at high risk of getting COVID-19 infection, and more than 132,000 health care employees as of Jan. 4.

    In accordance with VA’s COVID-19 Vaccine Distribution Plan, the department started vaccination efforts at 37 initial VA medical centers, following the Food and Drug Administration’s Dec. 11 decision to issue an Emergency Use Authorization for the Pfizer-BioNTech COVID-19 Vaccine. The 37 initial sites to first receive the vaccine were selected based on several factors, including having the capacity to store the vaccine at extremely cold temperatures and the ability to offer hi
    ...
    See more | Go to post

  • Federal Reserve Board welcomes and supports Release of Proposal and Supervisory Statements that would enable Clear End Date for U.S. Dollar (USD) LIBOR

    Federal Reserve Board welcomes and supports Release of Proposal and Supervisory Statements that would enable Clear End Date for U.S. Dollar (USD) LIBOR and would Promote the Safety and Soundness of the Financial System | site |



    (Information contained in a Board of Governors of the Federal Reserve System press release: November 30, 2020) The Federal Reserve Board on Monday welcomed and supported the release of a proposal and supervisory statements that would enable a clear end date for U.S. Dollar (USD) LIBOR and would promote the safety and soundness of the financial system. The announcements today by regulators in the United States and United Kingdom and by the benchmark administrator for LIBOR together lay out a path forward in which banks should stop writing new USD LIBOR contracts by the end of 2021, while most legacy contracts will be able to mature before LIBOR stops. "Today's plan ensures that the transition away from LIBOR will be orderly and fai...
    See more | Go to post

  • AFL-CIO Announces a Target Date Fund Series for the Labor Movement

    AFL-CIO Announces a Target Date Fund Series for the Labor Movement

    AFL-CIO Announces a Target Date Fund Series for the Labor Movement| site |


    AFL-CIO says Innovative Partnership with Wilmington Trust, BNY Mellon and PGIM Fixed Income Will Bring Low-Cost Product to Market


    (October 15, 2020) - - Today, October 15, 2020, the AFL-CIO published the following information:

    Washington, D.C.—The AFL-CIO, the nation’s largest federation of labor unions, consisting of 56 affiliate unions representing some 12.5 million working people, today announced its partnership with three major financial institutions—Wilmington Trust, BNY Mellon and PGIM Fixed Income—to launch an innovative target date fund suite specifically suited for defined contribution plans. Target date funds provide a diversified investment mix based on an investor’s age and expected retirement date, shifting from higher equity exposure to higher fixed income exposure throughout an investor’s working life. With more than three-quarters...
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  • OFAC Extends Expiration Date of General Licenses Related to EN+ and RUSAL

    in News

    OFAC Extends Expiration Date of General Licenses Related to EN+ and RUSAL

    OFAC Extends Expiration Date of General Licenses Related to EN+ and RUSAL




    Washington, DC - - (September 21, 2018) - - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today extended the expiration date of certain general licenses related to EN+ Group plc (EN+) and United Company RUSAL PLC (RUSAL). These General Licenses 13D, 14A, and 16A amend their previous versions by extending the expiration date from October 23, 2018 to November 12, 2018 for transactions related to the companies and their subsidiaries. On April 6, 2018, OFAC designated EN+ for being owned or controlled by, directly or indirectly, Oleg Deripaska and other entities he owns or controls. In that same action, OFAC designated RUSAL for being owned or controlled by, directly or indirectly, EN+. “EN+ and RUSAL have approached the U.S. Government about substantial corporate governance ch...
    See more | Go to post

  • Veteran Affairs’ Board of Veterans’ Appeals Resolves Record Number of Claims to Date for FY 2018

    Veteran Affairs’ Board of Veterans’ Appeals Resolves Record Number of Claims to Date for FY 2018



    Washington, DC - - (June 4, 2018) - - Underscoring the U.S. Department of Veterans Affairs’ (VA) pledge to reduce the wait time for those appealing disability benefits claims, the Board of Veterans’ Appeals, as of May 27, has signed more than 53,650 decisions to date in fiscal year (FY) 2018, which is approximately 86 percent more than the 28,839 decisions signed through the same period last year.

    The Board is currently on track to meet and exceed its FY 2018 total goal of reviewing a historic 81,000 appeals by Sept. 30, 2018.

    This pace paves the way for implementation of the Appeals Modernization Act, which has a target implementation date of Feb. 14, 2019, and will offer Veterans more choice and control over their claims and appeals process. “I’m proud of the Boar
    ...
    See more | Go to post

  • U.S. Labor Department Proposes Extension to Fiduciary Rule Applicability Date

    U.S. Labor Department Proposes Extension to Fiduciary Rule Applicability Date




    March 3, 2017


    Washington, DC - - March 1, 2017 - - The U.S. Department of Labor has announced a proposed extension of the applicability dates of the fiduciary rule and related exemptions, including the Best Interest Contract Exemption, from April 10 to June 9, 2017. The announcement follows a presidential memorandum issued on Feb. 3, 2017, which directed the department to examine the fiduciary rule to determine whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice. The proposed extension is intended to give the department time to collect and consider information related to the issues raised in the memorandum before the rule and exemptions become applicable. The department will accept public comments on the proposed extension for 15 days following its publication. Comments on issues raised in the pr
    ...
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  • Staff Reporter 1
    U.S. Department of Veterans Affairs administers over 146,000 COVID-19 Vaccine Doses to date
    by Staff Reporter 1
    U.S. Department of Veterans Affairs administers over 146,000 COVID-19 Vaccine Doses to date | site |



    (Information contained in U.S. Department of Veterans Affairs press release dated: January 5, 2021)

    Washington - - The U.S. Department of Veterans Affairs (VA) announced today it has administered initial COVID-19 vaccine doses to more than 14,000 Veterans at high risk of getting COVID-19 infection, and more than 132,000 health care employees as of Jan. 4.

    In accordance with VA’s COVID-19 Vaccine Distribution Plan, the department started vaccination efforts at 37 initial VA medical centers, following the Food and Drug Administration’s Dec. 11 decision to issue an Emergency Use Authorization for the Pfizer-BioNTech COVID-19 Vaccine. The 37 initial sites to first receive the vaccine were selected based on several factors, including having the capacity to store the vaccine at extremely cold temperatures and the ability to offer hi
    ...
    01-07-2021, 08:07 AM
  • Staff Reporter 1
    Federal Reserve Board welcomes and supports Release of Proposal and Supervisory Statements that would enable Clear End Date for U.S. Dollar (USD) LIBOR
    by Staff Reporter 1
    Federal Reserve Board welcomes and supports Release of Proposal and Supervisory Statements that would enable Clear End Date for U.S. Dollar (USD) LIBOR and would Promote the Safety and Soundness of the Financial System | site |



    (Information contained in a Board of Governors of the Federal Reserve System press release: November 30, 2020) The Federal Reserve Board on Monday welcomed and supported the release of a proposal and supervisory statements that would enable a clear end date for U.S. Dollar (USD) LIBOR and would promote the safety and soundness of the financial system. The announcements today by regulators in the United States and United Kingdom and by the benchmark administrator for LIBOR together lay out a path forward in which banks should stop writing new USD LIBOR contracts by the end of 2021, while most legacy contracts will be able to mature before LIBOR stops. "Today's plan ensures that the transition away from LIBOR will be orderly and fai...
    12-01-2020, 11:42 AM
  • Staff Reporter 1
    AFL-CIO Announces a Target Date Fund Series for the Labor Movement
    by Staff Reporter 1
    AFL-CIO Announces a Target Date Fund Series for the Labor Movement| site |


    AFL-CIO says Innovative Partnership with Wilmington Trust, BNY Mellon and PGIM Fixed Income Will Bring Low-Cost Product to Market


    (October 15, 2020) - - Today, October 15, 2020, the AFL-CIO published the following information:

    Washington, D.C.—The AFL-CIO, the nation’s largest federation of labor unions, consisting of 56 affiliate unions representing some 12.5 million working people, today announced its partnership with three major financial institutions—Wilmington Trust, BNY Mellon and PGIM Fixed Income—to launch an innovative target date fund suite specifically suited for defined contribution plans. Target date funds provide a diversified investment mix based on an investor’s age and expected retirement date, shifting from higher equity exposure to higher fixed income exposure throughout an investor’s working life. With more than three-quarters...
    10-28-2020, 02:34 AM
  • Staff Reporter 1
    OFAC Extends Expiration Date of General Licenses Related to EN+ and RUSAL
    by Staff Reporter 1
    OFAC Extends Expiration Date of General Licenses Related to EN+ and RUSAL




    Washington, DC - - (September 21, 2018) - - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today extended the expiration date of certain general licenses related to EN+ Group plc (EN+) and United Company RUSAL PLC (RUSAL). These General Licenses 13D, 14A, and 16A amend their previous versions by extending the expiration date from October 23, 2018 to November 12, 2018 for transactions related to the companies and their subsidiaries. On April 6, 2018, OFAC designated EN+ for being owned or controlled by, directly or indirectly, Oleg Deripaska and other entities he owns or controls. In that same action, OFAC designated RUSAL for being owned or controlled by, directly or indirectly, EN+. “EN+ and RUSAL have approached the U.S. Government about substantial corporate governance ch...
    09-22-2018, 01:32 PM
  • Staff Reporter 1
    Veteran Affairs’ Board of Veterans’ Appeals Resolves Record Number of Claims to Date for FY 2018
    by Staff Reporter 1
    Veteran Affairs’ Board of Veterans’ Appeals Resolves Record Number of Claims to Date for FY 2018



    Washington, DC - - (June 4, 2018) - - Underscoring the U.S. Department of Veterans Affairs’ (VA) pledge to reduce the wait time for those appealing disability benefits claims, the Board of Veterans’ Appeals, as of May 27, has signed more than 53,650 decisions to date in fiscal year (FY) 2018, which is approximately 86 percent more than the 28,839 decisions signed through the same period last year.

    The Board is currently on track to meet and exceed its FY 2018 total goal of reviewing a historic 81,000 appeals by Sept. 30, 2018.

    This pace paves the way for implementation of the Appeals Modernization Act, which has a target implementation date of Feb. 14, 2019, and will offer Veterans more choice and control over their claims and appeals process. “I’m proud of the Boar
    ...
    06-06-2018, 01:16 AM

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