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Wednesday, April 2, 2025

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News

DoL confirms ERISA exemption for New York-based cancer centre

By Luke Harrison

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The US Department of Labor (DoL) has issued a notice of Employee Retirement Income Security Act (ERISA) exemption for New York-based Memorial Sloan Kettering Cancer Center (MSKCC), regarding a pension risk transfer to its captive.

The DoL requires that a US-domiciled captive is used to reinsure ERISA-governed benefits, such as life and accidental death and dismemberment.

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