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PBGC Proposes Regulation on Facilitated Mergers of Multiemployer Plans
Cheiron Link to more items from this source
[Guidance Overview]
June 29, 2016

"[The proposal]: [1] Requires that requests for facilitated mergers, including financial assistance, be filed 270 days before the merger's effective date; [2] Requires that an application for financial assistance show that at least one of the plans involved is critical and declining and that the merger would avoid insolvency; [3] Strengthens the solvency tests for non-de minimis mergers; [4] Classifies mergers that involve critical or endangered plans as significant; and [5] Requires that requests for a PBGC compliance determination be submitted with the original notice of merger."

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