Frederick S. Lamb's painting of William Penn at the Brooklyn Museum. William Penn (14 October 1644 â 30 July 1718) was the son of Sir William Penn, and was an English real estate entrepreneur, philosopher, early Quaker, and founder of the Province of Pennsylvania, the English North American colony and the future Commonwealth of Pennsylvania.
The final rule also contains significant changes that reflect the extensive public comments on the proposed rule received by the DOL. Read our in-depth analysis about the final rule. Effective Date: June 7, 2016 (60 days after the scheduled Federal Register publication date of April 8)
Most of the new stuff is effective for plan years beginning after 12/31/2001, but the DB 415 limit increases seem to be effective for plan years ending after 12/31/2001. This is despite the fact that, according to the joint committee report, both the House and Senate legislation proposed effective dates for years beginning after 12/31/2001.