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Escaping the PPA Red Zone - A Case Study of a Multiemployer Plan
Milliman 
Dec. 17, 2008
Excerpt: In a mutual effort to improve a Taft-Hartley multiemployer plan's funded status, the employers and the union had agreed in May 2006 on a contract with significant annual contribution increases extending into 2009. Then on August, 17, 2006, the Pension Protection Act of 2006 (PPA) was enacted. Under PPA rules, this plan would be considered in critical status, or in the 'red zone.' The trustees of a plan in critical status are required to work with their actuary to develop optional 'rehabilitation' plans that will allow the actuary to certify that the plan is projected to emerge from critical status.
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