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Treasury Department Letter Approving MPRA Benefit Reductions Proposed by Bricklayers and Allied Craftsmen Local 7 Pension Fund (PDF)
U.S. Department of the Treasury 
Aug. 12, 2020 "In consultation with the [DOL] and the [PBGC], Treasury has determined [1] that the Plan is eligible to reduce benefits ... [2] that the Application satisfies the requirements of ... section 432(e)(9) of the Internal Revenue Code ... Pursuant to Code section 432(e)(9)(H), no reduction of benefits can take effect before a vote of the participants and beneficiaries of the Fund with respect to the proposed reduction." MORE >> |
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