Pensions

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 >

DOL Guidance on Lost Retirement Plan Participants

DOL Guidance on Lost Retirement Plan Participants

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 >

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 >

Changes to Single Employer Pension Plan Funding With the American Rescue Plan Act (ARPA)

Changes to Single Employer Pension Plan Funding With the American Rescue Plan Act

Provisions in the American Rescue Plan Act (ARPA) have the potential to help many single employer pension plan sponsors weather the economic impacts of the COVID-19 pandemic while providing time… Read more >