Tuesday, May 27, 2008

VETS ISSUES FINAL REPORTING RULES

The Department of Labor's Veterans Employment and Training Service (VETS) has issued new regulations and a new form for reporting of veterans' employment data. The new VETS regulations may be found at: http://edocket.access.gpo.gov/2008/pdf/E8-10916.pdf. These regulations, issued on May 19, 2008, announce the creation of a new federal contractor veterans employment report, the "VETS-100A Report," required by the Vietnam Era Veterans Readjustment Assistance Act of 1974, as amended by the Jobs for Veterans Act of 2002. The final regulations issued on May 19th apply only to covered government contracts entered into or modified on or after December 1, 2003. These regulations, 41 CFR Part 61-300, are effective on June 18, 2008. The annual report must be filed on September 30. Copies of the VETS - 100A reports submitted to DOL must be maintained for one year.

The current regulations, found at 41 CFR part 61-250, which require contractors to complete the Federal Contractor Veterans Employment Report ("VETS 100 Report") continue to apply to federal contracts entered into before December 1, 2003.

No comments: