IRS Addresses Mergers Involving DB Plans That Have Received SFA
The ongoing plan must still separate special financial assistance funds and invest them according to final regulations.
Tag: multiemployer plan
Benefits |
PBGC Approves Assistance for Five More Multiemployer Plans in May
Special Financial Assistance program to date has approved more than $6.2 billion to cover nearly 120,000 participants.
Multiemployer Pensions Support $89 Billion in U.S. Economic Output
A report from the National Institute on Retirement Security shows spending from retirees that receive income from multiemployer pension plans...
Multiemployer 401(k) Plan Settles Excessive Fee Suit
The union plan’s board of trustees has agreed to pay $8.75 million and issue a request for proposals for recordkeeping...
7th Circuit Again Rules Successor is Responsible for Multiemployer Plan Withdrawal Liability
The appellate court disagreed with a district court conclusion that the multiemployer plan had not shown sufficient continuity of business...
PBGC Offers Financial Assistance to Union Plan Approved for Benefits Reductions
The agency says the financial assistance, together with benefit reductions that are required as a condition for receiving PBGC assistance,...