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6 Matching News Items

1.  Keightley & Ashner LLP in BNA Pension & Benefits Reporter Link to more items from this source
Dec. 6, 2009
" 'The existing reportable events regulation was the result of a negotiated rulemaking process involving a committee consisting of representatives of employers, participants, pension practitioners, and PBGC, with a great deal of give-and-take among the various stakeholders,' Harold Ashner, also a partner in Keightley & Ashner LLP and former PBGC assistant general counsel, told BNA Nov. 20. 'Following a similar process in connection with the major changes now being proposed would help ensure that the new rules strike an appropriate balance,' he said."
2.  Keightley & Ashner LLP in BNA Pension & Benefits Reporter Link to more items from this source
June 23, 2011
There are traps for the unwary in the Pension Benefit Guaranty Corporation's increasingly active role in corporate transactions .... Practitioners should also be aware that in a downsizing situation, the agency may find the downsizing has triggered liability and pursue a demand against the employer equal to a portion -- or all -- of the pension plan's underfunding, determined on a plan termination basis ... even though the plan remains ongoing.' [Click on the link under 'Items of Interest' on the target page.]
3.  Keightley & Ashner LLP in BNA Pension & Benefits Daily Link to more items from this source
Jan. 27, 2010
Excerpt: The Pension Benefit Guaranty Corporation's proposed reportable events rule would seriously interfere with credit arrangements between companies that sponsor defined benefit pension plans and their lenders, according to comments received by PBGC and in interviews by BNA .... ['Click on the link under 'Items of Interest' on the target page.]
4.  Keightley & Ashner LLP in BNA Pension & Benefits Daily Link to more items from this source
Jan. 28, 2011
A regulation that ranked high on a short list mentioned by benefit practitioners is a PBGC proposed regulation [that] would increase pension plan liabilities and reporting requirements for single-employer defined benefit plan sponsors that downsize their business operations for various reasons, causing job losses affecting more than 20 percent of active participants in the employer's qualified plan. [Click on the link under 'Items of Interest' on the target page.]
5.  Keightley & Ashner LLP in Bloomberg BNA Pension & Benefits Daily Link to more items from this source
Apr. 28, 2011
PBGC staff members said informally that the agency is assessing how it can revise the reportable events regulation to make it less burdensome and considering whether small plans should be subject to separate reportable events requirements. [Click on the link under 'Items of Interest' on the target page.]
6.  Keightley & Ashner LLP in Bloomberg BNA Pension & Benefits Daily Link to more items from this source
Jan. 6, 2016
"Although defined benefit plan sponsors confront persistent and systemic problems in dealing with the PBGC, there are signs of positive change coming from the agency, according to the annual report from the PBGC's liaison ... Among the areas of concern cited in the report were the agency's unnecessarily adversarial tone, its aggressive second-guessing of private business operations and its expansive use of its early warning program and reportable events requirements."

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