PBGC

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 >

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 >

What the American Rescue Plan Act Means for Financially Troubled Multiemployer Pension Plans

What the American Rescue Plan Act Means for Financially Troubled Multiemployer Pension Plans

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 >

Proposed Multiemployer Pension Recapitalization and Reform Plan

Proposed Multiemployer Pension Recapitalization and Reform Plan

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 >