President Donald Trump‘s nominee to manage the federal government’s private-sector pension insurer faces pressure from ...
U.S. multiemployer defined benefit plans are approaching full funding thanks to strong investment returns in 2024 adding to government assistance, according to a Milliman study. The estimated ...
The PBGC covers both single-employer plans and multiemployer plans. To help financially at-risk multiemployer plans, the American Rescue Plan Act of 2021 has made special funding available through ...
In the clamor that surrounded the current administration’s adoption of the American Rescue Act of 2021 (ARPA), quietly tucked in as Subtitle H is the Butch Lewis Emergency Pension Plan Relief ...
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the 2024 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes ...
which is designed to shore up struggling multiemployer pension plans through 2051. To date, the PBGC has approved about $70.9 billion in SFA to plans that cover about 1.3 million workers ...
A recent decision from the Southern District of New York reveals that courts may be inclined in some withdrawal liability cases to narrowly apply the building and construction industry exemption ...
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An Overview of the Pension Benefit Guaranty Corporation (PBGC)The PBGC covers both single-employer plans and multiemployer plans. To help financially at-risk multiemployer plans, the American Rescue Plan Act of 2021 has made special funding available through ...
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