Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|PBGC Final Rule Allows Simplified Withdrawal Liability Calculations Applicable to Benefit Reductions, Benefit Suspensions and Contributions|
Jan. 20, 2021
"[T]he methods are simpler ways for plans to:  Disregard reductions of adjustable benefits and suspensions of nonforfeitable benefits in determining the plan's unfunded vested benefits for purposes of calculating withdrawal liability;  Disregard certain contribution increases if the plan is using the presumptive, modified presumptive, or rolling-5 method for purposes of determining the allocation of unfunded vested benefits to an employer; and  Disregard certain contribution increases for purposes of determining an employer's annual withdrawal liability payment."
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