Author Archive: Jenny Lucey, CEBS

About Jenny Lucey, CEBS

Manager, Reference/Research Services at the International Foundation

Favorite Foundation Member Service: Personalized Research Service

Benefits Topics That Interest Her Most: Mental health and retirement security

Personal Insight: Jenny likes spending time with family, knitting, reading memoirs and going for walks around the neighborhood.

Five Reasons Why Cryptocurrencies Can Present Serious Risks to 401(k) Fiduciaries and Participants

On March 10, 2022, the Department of Labor’s Employee Benefits Security Administration (EBSA) released compliance guidance that cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency… Read more >

Everything Employers Need to Know About Current COVID-19 Compliance

We kicked off 2022 with two big developments for employers across the U.S. regarding COVID-19 compliance— vaccine-or-test mandates and at-home testing coverage. Here’s everything employers should know about these major… Read more >

PBGC Improves Multiemployer Outlook Due to ARPA

PBGC Improves Multiemployer Outlook Due to ARPA

On September 20, 2021, PBGC released its Fiscal Year (FY) 2020 Projections Report and a Five-Year Multiemployer Program Report. The reports show a substantial improvement in the outlook for PBGC’s… Read more >

Five Key Points to Know About PBGC Special Financial Assistance

Five Key Points to Know About PBGC Special Financial Assistance

During a webcast on August 10, 2021 titled Financial Assistance Program Overview for Financially Troubled Multiemployer Pension Plans, speakers shared insights on the Pension Benefit Guarantee Corporation (PBGC) special financial… Read more >

Special Financial Assistance: Filing and Application Tips From PBGC Staff

Special Financial Assistance: Filing and Application Tips From PBGC Staff

The Pension Benefit Guaranty Corporation (PBGC) and Treasury officials have delivered a new briefing on the special financial assistance (SFA) program for financially troubled multiemployer plans under the American Rescue… Read more >

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans

The Pension Benefit Guaranty Corporation (PBGC) has released an interim final rule that focuses on special financial assistance (SFA) applications and related restrictions and conditions pursuant to the American Rescue… Read more >

How Do Multiemployer Plans Claim COBRA Premium Assistance Credit?

How Do Multiemployer Plans Claim COBRA Premium Assistance Credit?

​The Internal Revenue Service (IRS) has issued Notice 2021-31 which provides guidance for multiemployer plans and plan administrators regarding the new credit available to them for providing continuation health coverage… Read more >

Three Key Takeaways: What ARPA Means for Green Zone Pension Plans

Three Key Takeaways: What ARPA Means for Green Zone Pension Plans

It was big news back in March when the American Rescue Plan Act of 2021 (ARPA) was enacted to provide grants, called “special financial assistance,” to boost the solvency of… Read more >