American Rescue Plan Act (ARPA)

American Rescue Plan Act (ARPA) Defined Benefit (DB) Plans DOL Employee Benefits ERISA MPRA Retirement

How SFA Rules Impact Annual Funding Notice Requirements
Jenny Gartman, CEBS
 

The American Rescue Plan Act (ARPA) of 2021 authorized special financial assistance (SFA) through the Pension Benefit Guaranty Corporation (PBGC) to eligible severely underfunded multiemployer plans. ARPA added section 4262 to Title IV of the Employee Retirement Income Security Act (ERISA). The multiemployer plans […]

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American Rescue Plan Act (ARPA) Compliance DOL Employee Benefits ERISA PBGC Pensions U.S.

Where We Are Now: Special Financial Assistance Under the American Rescue Plan Act
Kathy Bergstrom, CEBS
 

From capital market return expectations to the rules that cover the program, a lot has changed in the two years since the American Rescue Plan Act was signed into law and created the Special Financial Assistance (SFA) program for struggling multiemployer pension […]

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American Rescue Plan Act (ARPA) Communication Compliance Employee Benefits Financial Education Financial Wellness Legislative U.S.

PBGC Releases Special Financial Assistance Final Rule
Kathy Bergstrom, CEBS
 

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 pay benefits to their participants, PBGC and Department of Labor officials say. […]

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PBGC Improves Multiemployer Outlook Due to ARPA
American Rescue Plan Act (ARPA) Defined Benefit (DB) Plans Employee Benefits Multiemployer PBGC Pensions U.S.

PBGC Improves Multiemployer Outlook Due to ARPA
Jenny Gartman, CEBS
 

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 Multiemployer Insurance Program due to the enactment of ARPA. The analysis of […]

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Five Key Points to Know About PBGC Special Financial Assistance
American Rescue Plan Act (ARPA) Defined Benefit (DB) Plans Employee Benefits Multiemployer PBGC Pensions U.S.

Five Key Points to Know About PBGC Special Financial Assistance
Jenny Gartman, CEBS
 

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 assistance (SFA) program for financially troubled multiemployer plans under the American Rescue […]

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Special Financial Assistance: Filing and Application Tips From PBGC Staff
American Rescue Plan Act (ARPA) Defined Benefit (DB) Plans Employee Benefits Multiemployer PBGC Pensions U.S.

Special Financial Assistance: Filing and Application Tips From PBGC Staff
Jenny Gartman, CEBS
 

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 Plan Act of 2021 (ARPA). During the briefing on July 22, 2021, […]

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PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans
American Rescue Plan Act (ARPA) Employee Benefits MPRA Multiemployer PBGC Pensions Retirement U.S.

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans
Jenny Gartman, CEBS
 

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 Plan Act of 2021 (ARPA). Read more about ARPA’s provisions to transfer […]

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