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ARTICLE · 15 OCTOBER 2014

New VETS Rule Changes Reporting Requirements For Government Contractors - Veterans In The Aggregate

The new rule revises the regulations implementing the reporting requirements under the Vietnam Era Veterans’ Readjustment Assistance Act of 1974.

United StatesGovernment, Public Sector

The U.S. Department of Labor’s Veterans’ Employment and Training Service (“VETS”) recently issued a final rule altering the reporting requirements on veteran employment and hiring for federal contractors. The new rule revises the regulations implementing the reporting requirements under the Vietnam Era Veterans’ Readjustment Assistance Act of 1974 (“VEVRAA”). Although the rule becomes effective October 27, 2014, federal contractors and subcontractors will not be required to comply with the reporting requirements until the reporting cycle in August 2015.

The new rule rescinded obsolete regulations and changes the manner in which federal contractors and subcontractors report on their employment of veterans. Significant changes made in the final rule include:

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