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Challenge to PBGC Pension Bailout Liability Rules Denied by U.S. Bankruptcy Court
Thompson Coburn LLP 
Oct. 23, 2024 "The Court determined that the [two PBGC] regulations implement Congress' specific directive in the Rescue Act that the plans should only use the special financial assistance funds to pay plan benefits and costs, and that the regulations prevent the funds from being used to reduce employers' expected withdrawal liability." [In re Yellow Corp., No. 23-11069 (Bankr. Del. Sep. 13, 2024)] MORE >> |
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