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Special Financial Assistance Is Good News for Fund Participating Employers, But It's Not a Free Exit Pass
Seyfarth 
[Guidance Overview] Jan. 18, 2023 "What SFA does not do ... is make it any less expensive to exit these funds -- at least initially. While the Central States Pension Fund, for example, may have just gone from being 17% funded to roughly 78% funded, that is not going to equate to a similar immediate reduction in employer withdrawal liability. This is due to two new PBGC withdrawal liability rules for funds receiving SFA." |
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