Tag: multiemployer plans

The Special Financial Assistance program funding will cover benefit payments for almost 2,000 participants.

The website keeps tabs of multiemployer plans that have received the Pension Benefit Guaranty Corporation’s special financial assistance. 

The majority of plans are at least 80% funded, and even those in critical and declining status are expected to...

The first approved application is from a multiemployer pension plan that was projected to become insolvent by 2022.

For the first time in 20 years, both of PBGC’s insurance programs are reporting positive net financial positions.

Because appellate court decisions carry weight with lower courts in a circuit, the ruling could increase the risk for multiemployer...

The agency is accepting applications before a final rule is published and says any changes will not reduce the amount...

Stakeholders take issue with the permissible investments under the PBGC’s interim final rule, among other things, and even if special...

The most common concern is that permissible investments for the funds will not earn the rate used for calculation of...

With PBGC dictating interest rate assumptions and permissible investments, there are steps plan sponsors should take to make the relief...

PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors...

The percentage of plans in the healthy ‘green’ zone increased slightly; however, the pandemic had an effect on certain industries’...

The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might...

More guidance will be needed for single-employer and multiemployer defined benefit plans to use funding help provided in the $1.9...

The bill contains provisions designed to improve the financial situation of multiemployer plans, as well as provisions for funding relief...

The agency says the agreement delays the plan’s insolvency date and reduces the expected burden on its multiemployer plan insurance...

The single-employer program is improving, but Director Gordon Hartogensis says it’s clear legislative help is needed for the multiemployer program.

The grocer has withdrawn from a multiemployer pension plan, and a new variable annuity pension plan will provide benefits for...

The financial hardship faced by the American Federation of Musicians and Employers’ Pension Fund is characteristic of a broader problem—one...