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PBGC Issues Final Rules on Facilitated Mergers of Multiemployer Plans
Cheiron Link to more items from this source
Oct. 2, 2018
"Sponsors of plans considering a merger or transfer of assets and liabilities will not have to alter their planning to reflect the proposed new solvency requirements or the other proposed changes to the existing rules. Plans that are critical and declining may well wish to explore the possibility of merging with a sister plan that is better funded and request financial assistance.... Given the current state of the PBGC's multiemployer program, which is facing insolvency, there may likely not be sufficient funds available to assist smaller and possibly even medium sized plans for whom a facilitated merger would avoid insolvency."

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