Multiemployer pension plans that intend to apply for SFA from the PBGC should note the schedule for reviewing applications and may want to consider submitting a lock-in application.
Jenny Gartman, CEBS
November 8, 2022
American Rescue Plan Act (ARPA), Employee Benefits, MPRA, Multiemployer, PBGC, Pensions, Regulatory, Retirement, U.S.Pension Benefit Guaranty Corporation, SFA, special financial assistance (SFA)
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The PBGC final rule details permissible investments for SFA assets. Get key takeaways in our latest blog.
Jenny Gartman, CEBS
October 25, 2022
American Rescue Plan Act (ARPA), Compliance, Employee Benefits, Investments, Multiemployer, PBGC, Pensions, Retirement, U.S.PBGC, PBGC Multiemployer Insurance Program, Pension Benefit Guaranty Corporation
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Changes to the Special Financial Assistance (SFA) Program announced Wednesday by the Pension Benefit Guaranty Corporation (PBGC) will improve the ability of underfunded multiemployer defined benefit (DB) pension plans to… Read more >
Kathy Bergstrom, CEBS
July 8, 2022
American Rescue Plan Act (ARPA), Communication, Compliance, Employee Benefits, Financial Education, Financial Wellness, Legislative, U.S.benefits communication, employee benefits, final rule, financial education, MPRA, PBGC, PBGC Multiemployer Insurance Program, SFA
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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 >
Jenny Gartman, CEBS
September 28, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S.ARPA, multiemployer defined benefit plans, multiemployer pension plans, multiemployer plans, PBGC, PBGC Multiemployer Insurance Program, special financial assistance (SFA)
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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 >
Jenny Gartman, CEBS
August 30, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S.American Rescue Plan Act of 2021, ARPA, multiemployer defined benefit plans, multiemployer pension plans, PBGC, pension, pension plan relief, pension plans, special financial assistance (SFA)
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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 >
Jenny Gartman, CEBS
August 12, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S.American Rescue Plan Act of 2021, ARPA, multiemployer defined benefit plans, multiemployer pension plans, multiemployer plans, PBGC, pension plans, special financial assistance (SFA)
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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 >
Jenny Gartman, CEBS
July 15, 2021
American Rescue Plan Act (ARPA), Employee Benefits, MPRA, Multiemployer, PBGC, Pensions, Retirement, U.S.American Rescue Plan Act of 2021, ARPA, MPRA, multiemployer defined benefit plans, multiemployer pension plans, multiemployer plans, PBGC
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The latest Talking Benefits podcast episode covers the American Rescue Plan Act (ARPA) of 2021, signed into law by President Biden in March. There are huge implications for all Americans… Read more >
Anne Patterson
June 14, 2021
American Rescue Plan Act (ARPA), Coronavirus (COVID-19), Employee Benefits, Legislative, Talking Benefits Podcast, U.S.American Rescue Plan Act of 2021, ARPA, COBRA subsidy, dependent care assistance programs, employee benefits, FFCRA, talking benefits podcast
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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 >
Jenny Gartman, CEBS
June 9, 2021
American Rescue Plan Act (ARPA), Coronavirus (COVID-19), Employee Benefits, Health Care, Multiemployer, Regulatory, U.S.American Rescue Plan Act of 2021, ARPA, COBRA, COBRA premium assistance, COBRA subsidy, Health Care, health care benefits, health care costs, health care plan, health coverage, health insurance, multiemployer health plans
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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 >
Jenny Gartman, CEBS
April 29, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, Regulatory, Retirement, U.S.American Rescue Plan Act of 2021, ARPA, multiemployer pension plans, PBGC, pension, pension plan relief
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