PBGC Archives - Page 2 of 2 - Word on Benefits

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 Multiemployer PBGC Pensions Regulatory Retirement U.S.

Three Key Takeaways: What ARPA Means for Green Zone Pension Plans

Jenny Gartman, CEBS

29 Apr 202128 Apr 2021

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 eligible critical and declining status or insolvent plans under the Pension Benefit […]

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 […]

Employee Benefits ERISA

Happy Birthday, ERISA!

Anne Patterson

30 Aug 201928 Aug 2019

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 1974. I can’t promise cake, but let’s take a walk down memory […]

Multiemployer Pension Plans Solvency Discussions: What’s Next?

Defined Benefit (DB) Plans Employee Benefits Multiemployer

Multiemployer Pension Solvency Discussions: What’s Next?

Julie Stich, CEBS

29 Nov 201829 Nov 2018

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 29, the Committee’s co-chairs announced that more time is needed. According to […]

Defined Benefit (DB) Plans Employee Benefits Multiemployer Pensions Regulatory Retirement

Multiemployers Watching But Not Yet Acting on MPRA

Neil Mrkvicka

23 Jul 201523 Jul 2015

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 the more drastic measures MPRA allows. These findings and more are revealed […]

Defined Benefit (DB) Plans Employee Benefits Multiemployer Pensions Retirement

MPRA Guidance—What Does It Mean?

Julie Stich, CEBS

13 Jul 201515 Jul 2015

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 suspensions (reductions) and pension partitions. MPRA is a complex law, and the […]

Defined Benefit (DB) Plans DOL Employee Benefits ERISA Multiemployer Pensions Regulatory

Your Annual Funding Notice May Need Tweaking

Lois Gleason, CEBS

19 Mar 2015

Defined benefit pension plan administrators: You might need to change your annual funding notice. The Department of Labor published a final rule in the Federal Register on February 2, 2015 clarifying the requirements under ERISA 101(f) that administrators of defined benefit plans, […]