Insolvency

[Guest JMN]

Does the reduction to benefits based on the insolvent status of a plan impact the calculation of withdrawal liability for employers that withdraw when the plan is insolvent? I assume employers are required to continue making the contributions required under the CBA as well as any MCRs during this period. If circumstances improve and the plan emerges from insolvency, are prior benefit levels restored prospectively so that the plan's UVBs increases?

[Guest JMN]

And if so, is this sometimes factored into a decision to stay in the plan rather than leave and pay withdrawal liability?