The federal government’s workforce benefits regulator recovered more than $1.4 billion in fiscal year 2023, reflecting a continued shift in focus from finding missing pension participants to enforcing parity in mental health coverage.
Since a fiscal year 2020 high of $3.1 billion in economic recoveries, the US Labor Department’s Employee Benefits Security Administration has returned fewer dollars to plans, participants, and beneficiaries for violations of federal benefits law. The latest numbers, which EBSA issued Tuesday, show total recoveries leveling off in 2022 and 2023.
Since 2021, EBSA has significantly amplified its oversight of private-sector health and welfare plans to ...
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