On November 20th, two Republican Senators issued a Multiemployer Pension Recapitalization and Reform Plan via a white paper summarizing proposals for the US multiemployer defined-benefit pension system accompanied by a more thorough technical explanation. While we prepare a more thorough Read more…
PBGC proposes additional methods for reporting “orphaned” participants on Form 5500 The Pension Benefit Guaranty Corporation (“PBGC”) is proposing changes to how multiemployer defined-benefit pension funds report orphaned participants beginning with Schedules R (Form 5500) for 2020 plan years. Under Read more…
DOL Proposed Rule – Retirement Plan Disclosures Online The U.S. Department of Labor (DOL) announced a proposed rule on October 22, 2019, to permit retirement plan disclosures to be posted online. The proposed rule is in part a response to Read more…
On December 16, 2014, President Obama signed a law comprising continuing resolution and omnibus funding provisions for the federal government [“Cromnibus”] that also included the Multiemployer Pension Reform Act of 2014 [“MEPRA14”]. MEPRA14 extends some of the previously sunsetting provisions Read more…