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 >
September 28, 2021 American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S. 2 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 >
August 12, 2021 American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S. 0 Read more >
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 >
July 15, 2021 American Rescue Plan Act (ARPA), Employee Benefits, MPRA, Multiemployer, PBGC, Pensions, Retirement, U.S. 0 Read more >
According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2003-2017), the average defined contribution (DC) plan account balance increased significantly from 2003 to 2017, growing to $43,500 while aggregate… Read more >
October 19, 2020 Defined Contribution (DC) Plans, Employee Benefits, Multiemployer, Retirement, U.S. 0 Read more >
Significant expected turnover on multiemployer benefit fund trustee boards and the increasing complexity of serving as a trustee are among the key challenges faced by these boards. To address this… Read more >
August 17, 2020 Employee Benefits, Multiemployer, U.S. 0 Read more >
The coronavirus is a challenge unlike most employers have faced. These challenges are even more unique in the multiemployer trust fund world. The pandemic has brought major changes to both… Read more >
May 11, 2020 Coronavirus (COVID-19), Employee Benefits, Multiemployer 0 Read more >
One of the issues that multiemployer benefit funds must be concerned with is how the spread of COVID-19 may affect the ability of signatory employers to contribute to pension and… Read more >
April 8, 2020 Coronavirus (COVID-19), Employee Benefits, Multiemployer 0 Read more >
All benefit plan sponsors are facing economic and coverage challenges during this coronavirus crisis, and multiemployer trustees are no exception. In a recent webcast, Paul Catenacci, an attorney with the… Read more >
April 6, 2020 Compliance, Coronavirus (COVID-19), Employee Benefits, Multiemployer 0 Read more >