Department of Labor conducting review of pension rules

When we went looking for evidence of action on this promise, we didn’t find much. So we asked the Department of Labor about it. A spokeswoman said the promise had not been fulfilled, but she pointed to several new reviews of pension regulations aimed at increasing transparency, particularly disclosure of fees to pension service providers.

Those reviews need to be completed before this particular change is acted upon, she said.

We’ll continue to monitor this issue. It’s a close call, because officials admit this particular promise hasn’t been addressed. But given the ongoing reviews of other transparency issues, we’re willing to rate this promise In the Works for now.