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CRS Report: Benefit Reductions in the Central States Multiemployer DB Pension Plan: Frequently Asked Questions (PDF)
Congressional Research Service [CRS]
[Guidance Overview] Feb. 1, 2016
11 pages. Topics include: [1] What is the Central States Pension Plan? [2] Why is the Plan proposing to reduce benefits? [3] Is the PBGC supposed to pay benefits when a plan cannot? [4] How does the Multiemployer Pension Reform Act (MPRA) dictate which benefits to cut and by how much? [5] What is the process for approving benefit reductions? [6] Is a vote of participants required to approve benefit reductions? [7] Has any legislation been introduced that could prevent implementation of the benefit reductions?" [Report R44355, Jan. 28, 2016]
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