Jim Dexter Posted December 16, 2014 Share Posted December 16, 2014 Here is a link to a summary of the Multiemployer Pension Reform Act of 2014 that Dexter Hofing LLC has prepared. This summary focuses primarily on the changes of interest to contributing employers. http://dexhof.com/DexterHofingMPRA2014.pdf DexterHofingMPRA2014.pdf Link to comment Share on other sites More sharing options...
Effen Posted December 18, 2014 Share Posted December 18, 2014 Very nice summary - thank you very much! I find the disability exemption stated at the top of page 5 odd. You state that "Disability benefits cannot be suspended" under the new Benefit Suspension rules for Critical and Declining Status plans. Disability benefits do not have 411(d)(6) protection so the Trustees are free to eliminate them at any time. Has this been changed? Why would they have specifically exempted disability benefits? How can they say you cannot suspend a benefit that is not otherwise protected? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
Jim Dexter Posted December 18, 2014 Author Share Posted December 18, 2014 The wording in the bill is "No benefits based on disability (as defined under the plan) may be suspended under this paragraph." I assume that they're referring to disability benefits already in pay status rather than benefits for those who haven't yet become disabled. But we may need to wait for IRS guidance before we know exactly what was intended. Link to comment Share on other sites More sharing options...
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