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January 20, 2017 May Be an Historic Day for Pension Plans
Jackson Lewis, vis Lexology Link to more items from this source
Jan. 18, 2017
"As the American public focuses on January 20, 2017 as the beginning of the Trump administration, the day may also have historical significance for employee benefits law as the date on which a reduction in core pension benefits was permitted.... By January 20th, all participants in the Iron Workers Local 17 Pension Fund are required to have cast their ballots whether or not to reduce core benefits under [MPRA].... [T]he rescue proposal will be approved unless specifically rejected by a majority of plan participants.... Based upon the demographics of the fund it is predicted that the reductions in core benefits will be approved."

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