Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Is PBGC Adding 'Early Warning' and 'Follow-On' to Its Toolbox for Multiemployer Plans?|
The Wagner Law Group
Dec. 14, 2021
"PBGC may now be using these tools in the multiemployer arena.... PBGC takes exception to newly formed multiemployer plans that jeopardize legacy plans when bargaining parties divert too many contribution dollars to them. In its 2021 Annual Report, the agency says that it is investigating seven of these cases ... Though not mentioned in the Annual Report or in the New Year's Day announcement of the FELRA settlement, PBGC's actions seem to implicate both its Early Warning policy and its Follow-on policy."
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