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Multiemployer Pension Plans Could See Significant Change
Findley
Nov. 26, 2019 "U.S. Senators Chuck Grassley (R-IA) and Lamar Alexander (R-TN), released ... a proposal that, if passed, would dramatically change the playing field for multiemployer pension plans.... PBGC premium structure would be reformed ... PBGC multiemployer insurance guarantee would increase ... Expanded partition authority would address orphaned participants ... Mandated actuarial funding assumptions would be more conservative ... Revised zone certifications may result in additional restrictions ... Calculation of withdrawal liability could be simplified ... Federal funding would be required." MORE >> |
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