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PBGC Reports Five-Fold Increase in Multiemployer Program Deficit
McGuireWoods Link to more items from this source
Nov. 20, 2014
"Employers who participate in multiemployer plans, as well as their controlled-group affiliates, investors and lenders, need to understand the current and potential future status of these plans. In particular, they should determine: What is the current and projected future funding level of the plan? Are other employers withdrawing from the plan? How is the plan protecting against future insolvency? Who are the employer's controlled-group affiliates and is there a risk that investors will face controlled-group claims? What is the employer's estimated withdrawal liability? Are there appropriate transactions available to the employer to mitigate its risk consistent with ERISA, including withdrawal from the plan and a transfer of liability from the multiemployer plan to the employer's single-employer plan?"

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