ERISA & Employee Benefits

PBGC RULES ON SPECIAL FINANCIAL ASSISTANCE TO MULTIEMPLOYER PLANS: THE EFFECT ON BENEFITS, CONTRIBUTIONS, WITHDRAWAL LIABLITY, AND PLAN DESIGN

Introduction

Important Benefit Plan Provisions of the American Rescue Plan Act of 2021

By Dannae Delano, Israel Goldowitz, Barry Salkin and Roberta Casper Watson

IRS New Guidance on State Unclaimed Property Laws and IRS Helpful Reminders on Missing Participants

By Susan Rees and Seth Gaudreau

Presidential Memorandum Stirs Long-Simmering Pension Issues

Employee benefits law often involves interaction between Congress, the Executive Branch, and the courts. That calls for an understanding of the politics of law reform and regulation. A recent presidential document illustrates the point.

IRS and PBGC Provide Guidance on CARES Act Relief for Funding of Single Employer Defined Benefit Plans

By Barry Salkin and Livia Quan Aber

Congress Considers Multiemployer Pension Reforms While Benefit Suspensions Loom

The U.S. Treasury Department has received an application by the American Federation of Musicians and Employers' Pension Fund (the "Plan") to suspend benefits under the Multiemployer Pension Reform Act of 2014. Multiemployer pension plans cover union-represented workers and are run by a board of trustees, half appointed by the union and half appointed by employers. Most provide a traditional ...

Multiemployer Plan Reforms are Needed Before it's Too Late

The President's proposed 2020 Budget, released March 11, 2019, would shore up the Pension Benefit Guaranty Corporation's ("PBGC") multiemployer pension plan insurance fund by increasing premiums, including "variable-rate" and "exit" premiums in addition to the current "flat-rate" premiums. The PBGC's separate single-employer insurance program has included such premiums for years. The ...