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OCR: Account. 10t General Account. contracts. Mack Separate Boring, 930 F.2d at 276 n.18 titled IB 75-2 great the DOL'S subsequent pronouncements forth by are en- this deference under the standard set Court in Skidmore 11 Swift Co. 323 U.S 134 {1944} Skidmore the Court stated that it will ave A1 administrative pronouncement weight depending upon "the thoroughness evi. denced in its consideration. the validity ot its reasoning and its those con sistency with earlier and later pronouncements, Factors which give it power to persuade if lacking power + con trol. 323 U.S 140. Under Skidmore the DOL's long-standing construction of the statute entitied great weight. First, its interpretation was based upon thorough and valid reasoning articulated T 1B 75. 2 and of the later pronounoements and is "reas ...