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Multiemployer Pension Reform Act of 2014 Brings New Pension Paradigm for Substantial Cessation of Operations (PDF)
Buck Link to more items from this source
[Guidance Overview]
Jan. 14, 2015
"The new law constrains the determination of whether there is a 15% reduction ... [1] Separated employees are not taken into account if they are replaced within a reasonable time by other employees who are U.S. citizens or residents and are working at a facility in the U.S. [2] Such separated employees are not taken into account even if replaced at another U.S. facility. [3] Eligible employees are not taken into account in the case of an asset or stock sale of business operations if replaced (by other employees who are U.S. citizens or residents) and the new employer provides ongoing coverage via a spun off plan, or if the eligible employee had not participated in the original employer's plan."

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