CARES Act

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) became law. During its assembly, we heard from insiders regarding the possible inclusion of extensive reforms and relief for the US multiemployer defined-benefit system, yet no such provisions appear in the final Act. We will continue Read more…

Reporting “Orphaned” Participants on Form 5500

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 current rules, such funds must report the number of participants Read more…

Get on the Cromnibus

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 of the Pension Protection Act of 2006 [“PPA”], offers some Read more…