On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5…. Read more >
Amanda Wilke, CEBS
May 26, 2022
Communication, Compliance, Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, DOL, Employee Benefits, Legislative, Public Plans, Regulatory, Retirement, U.S.DB plans, DC plans, defined benefit pension plan, defined contribution plans, employee benefits, retirement, retirement benefits, retirement security, SECURE Act
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According to the most recent data from The Multiemployer Retirement Plan Landscape: A Fifteen-Year Look (2004-2018), demographic trends in multiemployer plans have become less favorable as the number of actively… Read more >
Justin Held, CEBS
January 24, 2022
Defined Benefit (DB) Plans, Employee Benefits, Financial Education, Financial Wellness, Investments, Multiemployer, Pensions, U.S.defined contribution plans, employee benefits, multiemployer defined benefit plans, multiemployer pension plans, stock market
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In my years compiling benchmarking data for the International Foundation, one of the most notable trends has been the decreasing prevalence of employer-sponsored defined benefit (DB) pension plans. In the… Read more >
Justin Held, CEBS
December 29, 2021
Communication, Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Benefits, Financial Education, Retirement, U.S.defined benefit pension plan, defined contribution plans, employee benefits, retirement, retirement plans, retirement security
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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 Lucey, 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 Lucey, 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 Lucey, 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 issue of what to do about lost or missing participants is a frustrating one for plan sponsors. These participants often have terminated participation in a plan because they took… Read more >
Kathy Bergstrom, CEBS
July 28, 2021
Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, DOL, Employee Benefits, Pensions, Retirement, U.S.defined benefit pension plan, defined contribution plans, DOL, fiduciary responsibility, missing participants, missing plan members, pension plans
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The COVID-19 pandemic has had significant implications for workplaces across the world, and employers and workers have needed to make difficult decisions regarding retirement, health and paid leave benefits. A new… Read more >
International Foundation Staff
May 4, 2021
Canada, Coronavirus (COVID-19), Defined Benefit (DB) Plans, Defined Contribution (DC) Plans, Employee Assistance Program (EAP), Employee Benefits, Mental Health, Prescription Drugs, Retirementcoronavirus and the workplace, COVID-19, remote work, virtual mental health benefits, working from home
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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 Lucey, 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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Listen to this post here. After years of debate on the topic of funding relief for multiemployer pension funds, Congress acted this week with the passage of the American Rescue… Read more >
Jenny Lucey, CEBS
March 10, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Legislative, Multiemployer, PBGC, Retirement, U.S.American Rescue Plan Act of 2021, Butch Lewis Act, MPRA, multiemployer defined benefit plans, multiemployer pension plans, PBGC, pension plan relief
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