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Text of IRS Request for Information on Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014
Internal Revenue Service [IRS]Link to more items from this source
[Official Guidance]
Feb. 13, 2015

"The Department of the Treasury invites public comments with regard to future guidance required to implement provisions of the Multiemployer Pension Reform Act of 2014 (MPRA) ... MPRA generally permits a sponsor of a multiemployer defined benefit plan that is in critical and declining status to suspend certain benefits following the provision of specified notice, consideration of public comments, approval of an application for suspension, and satisfaction of other specified conditions (including a participant vote).... The PBGC is issuing its own request for information to seek comment on the processes associated with applying for partition or merger assistance, including how such processes should be coordinated with the benefit suspension process. The agencies will coordinate on the development of processes that will apply to applications falling within their respective jurisdictions.... Comments are requested on matters that may be addressed in future guidance implementing section 432(e)(9), and in particular on [nine specific issues]."

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