Randall & Hurley, Inc.
Loren D. Stark Company
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|Outlook for 2015: Multiemployer, 4062(e) Changes Enacted; Time to See How It Shakes Out|
Jan. 21, 2015
"Some plans will be moving as quickly as possible now that they have the legal tools to do so, such as the financially troubled Central States Pension Fund, although the fund, one of the largest in the nation, said any changes likely wouldn't take effect for at least a year.... Central States was the most aggressive in pushing for an ability to save itself, but other plans that were unwilling to admit their financial condition will now be coming forward and requesting to use the new legal tools, [said Joshua Gotbaum, a guest scholar in the economic studies program at the Brookings Institution in Washington and director of the PBGC from 2010 to August 2014]."
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