multiemployer defined benefit plans Archives

The Multiemployer Retirement Plan Landscape: DB Takeaways

Justin Held, CEBS

24 Jun 202426 Jun 2024

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 […]

Defined Benefit (DB) Plans Employee Benefits Financial Education Financial Wellness Investments Multiemployer Pensions U.S.

The Multiemployer Retirement Plan Landscape: 10 DB Plan Takeaways

Justin Held, CEBS

24 Jan 202201 Feb 2022

According to the most recent data from The Multiemployer Retirement Plan Landscape: A Fifteen-Year Look (2004-2018), demographic trends in multiemployer plans have become less favorable as the number of actively working participants have decreased relative to the number of inactive and retired […]

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

28 Sep 202122 Oct 2021

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 […]

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

30 Aug 202126 Aug 2021

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 […]

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

12 Aug 202112 Aug 2021

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, […]

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

15 Jul 202115 Jul 2021

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 […]

American Rescue Plan Act (ARPA) Defined Benefit (DB) Plans Employee Benefits Legislative Multiemployer PBGC Retirement U.S.

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

Jenny Gartman, CEBS

10 Mar 202128 Apr 2021

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 Plan Act of 2021 (Rescue Plan)—likely one of the most significant pieces […]

Coronavirus (COVID-19) Defined Benefit (DB) Plans Defined Contribution (DC) Plans Dependent Care Employee Benefits Health Care Multiemployer Paid Leave U.S.

Employee Benefits and COVID-19: Changing the Future of Benefits Today

Kathy Bergstrom, CEBS

17 Feb 202116 Feb 2021

The COVID-19 pandemic is likely to bring long-lasting changes to life in the United States, and those changes will be reflected in employee benefits. How COVID-19 could affect health, retirement and other benefits even after the pandemic is over is discussed in […]

Defined Benefit (DB) Plans Employee Benefits Multiemployer Retirement

The Multiemployer Retirement Plan Landscape: 10 DB Plan Takeaways

Justin Held, CEBS

01 Aug 201925 Nov 2019

According to the most recent data from The Multiemployer Retirement Plan Landscape: A Fifteen-Year Look (2002-2016), demographic trends in multiemployer plans have become less favorable, as the number of actively working participants shrank relative to the number of inactive and retired participants. […]