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 >
Jenny Lucey, CEBS
September 28, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S.ARPA, multiemployer defined benefit plans, multiemployer pension plans, multiemployer plans, PBGC, PBGC Multiemployer Insurance Program, special financial assistance (SFA)
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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 >
Jenny Lucey, CEBS
August 30, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S.American Rescue Plan Act of 2021, ARPA, multiemployer defined benefit plans, multiemployer pension plans, PBGC, pension, pension plan relief, pension plans, special financial assistance (SFA)
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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 >
Jenny Lucey, CEBS
August 12, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, U.S.American Rescue Plan Act of 2021, ARPA, multiemployer defined benefit plans, multiemployer pension plans, multiemployer plans, PBGC, pension plans, special financial assistance (SFA)
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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 >
Jenny Lucey, CEBS
July 15, 2021
American Rescue Plan Act (ARPA), Employee Benefits, MPRA, Multiemployer, PBGC, Pensions, Retirement, U.S.American Rescue Plan Act of 2021, ARPA, MPRA, multiemployer defined benefit plans, multiemployer pension plans, multiemployer plans, PBGC
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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 >
Jenny Lucey, CEBS
April 29, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, PBGC, Pensions, Regulatory, Retirement, U.S.American Rescue Plan Act of 2021, ARPA, multiemployer pension plans, PBGC, pension, pension plan relief
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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 >
Jenny Lucey, CEBS
March 10, 2021
American Rescue Plan Act (ARPA), Defined Benefit (DB) Plans, Employee Benefits, Legislative, Multiemployer, PBGC, Retirement, U.S.American Rescue Plan Act of 2021, Butch Lewis Act, MPRA, multiemployer defined benefit plans, multiemployer pension plans, PBGC, pension plan relief
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On September 2, the Employee Retirement Income Security Act (ERISA) will celebrate 45 years (That’s a lot of candles to put on one cake!) since being signed into law in… Read more >
Anne Patterson
August 30, 2019
Employee Benefits, ERISAERISA, PBGC
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Update: The Joint Select Committee on Solvency of Multiemployer Pension Plans was charged with developing and releasing proposed legislation by November 30 to resolve multiemployer pension solvency challenges. On November… Read more >
Julie Stich, CEBS
November 29, 2018
Defined Benefit (DB) Plans, Employee Benefits, MultiemployerMPRA, multiemployer pension plans, PBGC
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Multiemployer funds are closely monitoring and discussing in detail the Multiemployer Pension Reform Act of 2014 (MPRA), but the majority of funds responding to our recent survey do not plan to take… Read more >
Neil Mrkvicka
July 23, 2015
Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, Pensions, Regulatory, RetirementCromnibus, MPRA, PBGC
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In mid-June, the Internal Revenue Service (IRS) and Pension Benefit Guaranty Corp. (PBGC) released their first round of guidance relating to the Multiemployer Pension Reform Act (MPRA) provisions on benefit… Read more >
Julie Stich, CEBS
July 13, 2015
Defined Benefit (DB) Plans, Employee Benefits, Multiemployer, Pensions, RetirementIRS, MPRA, PBGC
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