multiemployer

Multiemployer Plan and Public Employer Coverage of GLP-1 Drugs

Cara McMullin
 

New Survey Data Reveals Total Reported Annual Claim Representation for GLP-1 Drugs for Weight Loss Is Almost Ten Percent A new survey report from the International Foundation of Employee Benefit Plans reveals updated U.S. employer and plan sponsor coverage surrounding glucagon-like peptide-1 […]

The Multiemployer Retirement Plan Landscape: DB Takeaways

Justin Held, CEBS
 

According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans. Financial markets were volatile, and 2008 saw the biggest […]

Best Practices for Multiemployer Retirement Plan Death Audits

Jenny Gartman, CEBS
 

Fiduciaries have many responsibilities that stem from the duties of care, loyalty and prudence, including ensuring the correct benefits are paid to the correct participants and beneficiaries of the plan. Benefits Magazine authors Lisa L. Kaiser, CEBS, and Carey R. Wooton, CEBS, explain […]

Proposed Interest Rate Assumptions for Determining Employer Withdrawal Liability (Part Two)

Jenny Gartman, CEBS
 

A new rule proposed by the Pension Benefit Guaranty Corporation (PBGC) would increase the certainty of withdrawal liability determinations for multiemployer benefit plans and likely help prevent withdrawal liability disputes from going to arbitration and litigation, PBGC officials say. The proposed permissible […]

What the Cromnibus Law Means for Multiemployer Pension Plans

Julie Stich, CEBS
 

By: Julie Stich, CEBS On December 13, 2014, Congress passed the Multiemployer Pension Reform Act of 2014 (MPRA) as part of the federal spending “cromnibus” bill, the Consolidated and Further Continuing Appropriations Act, 2015. The multiemployer defined benefit pension reform provisions were introduced […]