EMPLOYEE BENEFITS SECURITY ADMINISTRATION ISSUES NOTICE: PROPOSED EXEMPTION FOR CERTAIN PROHIBITED TRANSACTIONS INVOLVING THE INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION 627 TRAINING FUND OF OKLAHOMA (THE PLAN OR THE APPLICANT) LOCATED IN OKLAHOMA CITY, OK

WASHINGTON, Sept. 10 -- Employee Benefits Security Administration has issued a notice called: Proposed Exemption for Certain Prohibited Transactions Involving the International Union of Operating Engineers Local Union 627 Training Fund of Oklahoma (the Plan or the Applicant) Located in Oklahoma City, OK.

The notice was published in the Federal Register on Sept. 10 by Christopher Motta, Acting Director, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor.

Summary: This proposed exemption would permit certain loans from the International Union of Operating Engineers Local Union 627 (Local 627) to the Plan, so the Plan can purchase heavy machinery to fulfill its mission. As described below,...