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.
The PBGC final rule details permissible investments for SFA assets. Get key takeaways in our latest blog.
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 >
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 >
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
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 >
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 >
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 >
On November 20, 2019, Senators Chuck Grassley and Lamar Alexander released the Multiemployer Pension Recapitalization and Reform Plan proposal. The proposal was released in the form of a white paper… Read more >
In April, the Pension Benefit Guaranty Corp. (PBGC) released a policy statement titled “Requests to Review Multiemployer Plan Alternative Terms and Conditions to Satisfy Withdrawal Liability.” I’ll share my takeaways… Read more >