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Regulatory Guidance Issued on Plan Benefit Suspensions and Plan Partitions for Multiemployer Pension Plans at Risk of Insolvency
Jackson Lewis P.C. 
[Guidance Overview] June 28, 2015 "Since a partition applicant must show it has taken 'all reasonable measures' -- including benefit suspensions -- to avoid insolvency, the PBGC expects that plans seeking partitions will also apply for proposed suspension of benefits. Therefore, the PBGC strongly recommends that plan sponsors file concurrent applications for partition and suspension of benefits. If a plan seeks both a suspension of benefits and a plan partition, the partition must occur first." |
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