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Multiemployer Alert: PBGC multiemployer program continues on a path toward insolvency
09 August 2019
The projections report for fiscal year (FY) 2018.has been released by the Pension Benefit Guaranty Corporation (PBGC), with three key takeaways for plan sponsors.
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Multiemployer Review: IRS expands determination letter program for retirement plans
By Carrie Vaughn | 30 July 2019
The determination letter program for certain retirement plans, previously restricted in 2017, will be expanded on September 1, 2019.
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PBGC final rule on Plan Sponsor’s Duties for Terminated and Insolvent Multiemployer Plans
By Yutaro Seki, Michael A. Sudduth | 24 May 2019
The Pension Benefit Guaranty Corporation’s final rule issued on May 2 addresses reporting and disclosure requirements for plan sponsors of certain terminated and/or insolvent multiemployer pension plans.
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Multiemployer Review: PBGC proposed rule: Methods for computing withdrawal liability
By Biljana Guchereau, Josh Goodwin | 06 March 2019
In February, the Pension Benefit Guaranty Corporation issued a proposed rule to amend and simplify the calculation of withdrawal liability for plans with rehabilitation plans or funding improvement plans that have made certain benefit or contribution changes. This paper provides a detailed review of these proposed rules.
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Multiemployer Alert: PBGC issues proposed rule on methods for calculating withdrawal liability
08 February 2019
The Pension Benefit Guaranty Corporation’s proposed rule, issued February 6, effectively memorializes changes in law prescribed by the Pension Protection Act of 2006 and the Multiemployer Pension Reform Act of 2014.
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Multiemployer Alert: Uncertainty persists for multiemployer pension plans
04 February 2019
Many multiemployer pension plans will not be able to pay the full value of promised benefits to future retirees, and additional measures will be needed in order for them to do so.
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Multiemployer Review: Know the specifics of your health and welfare stop-loss policy
By Sean Silva, David Stoddard | 21 January 2019
As fiduciaries to health and welfare trusts, trustees must understand the details regarding their stop-loss carrier contracts in order to ensure the trust is receiving the most competitive price while also receiving sufficient protection against large claims in order to maintain sufficient trust assets.
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Multiemployer Review: Implementing a participant loan provision in a Taft-Hartley Defined Contribution Plan: What to consider
By John Donohue, Jinnie Olson | 10 September 2018
Plan sponsors should ensure that participant loan provisions in a Taft-Hartley Defined Contribution retirement plan be thoroughly vetted and in compliance.
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Multiemployer review: Health and welfare trusts seek increased guidance regarding continuation value
By Sean Silva | 02 August 2018
Due to the continued rise of healthcare costs and uncertainties about the future landscape of healthcare, plan sponsors and fiduciaries are keeping a close eye and seeking increased guidance regarding the financial status of their health and welfare trusts.
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2017 key administrative dates and deadlines for calendar-year multiemployer defined benefit plans
By Milliman Employee Benefits Research Group | 16 January 2017
Key administrative dates and deadlines for defined benefit plans subject to ERISA and the Internal Revenue Code: Multiemployer.
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Multiemployer Review: Taking the Taft-Hartley defined contribution plan to the next level
By John Donohue | 21 November 2016
This paper explains the merits of moving the defined contribution plan from a balance forward, periodic-valued, trustee-directed plan to a daily-valued, self-directed plan that participants can view and monitor every day in order to make more informed decisions about their retirement.
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2016 key administrative dates and deadlines for calendar-year multiemployer defined benefit plans
By Milliman Employee Benefits Research Group | 07 April 2016
Key administrative dates and deadlines for defined benefit plans subject to ERISA and the Internal Revenue Code: Multiemployer.
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Multiemployer Review: Tools for plans in critical and declining status
By Robert A. Behar, Nina M. Lantz, Victor P. Harte | 12 February 2015
The Multiemployer Pension Reform Act of 2014 has made significant changes to the rules that apply to multiemployer pension plans.
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2015 key administrative dates and deadlines for calendar-year multiemployer defined benefit plans
By Milliman Employee Benefits Research Group | 04 February 2015
Key administrative dates and deadlines for defined benefit plans subject to ERISA and the Internal Revenue Code: Multiemployer.
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Multiemployer Review: Multiemployer Pension Reform Act of 2014
By Robert A. Behar, Nina M. Lantz, Victor P. Harte | 02 February 2015
A summary of the provisions in the Multiemployer Pension Reform Act of 2014.
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Multiemployer Alert: IRS issues final hybrid plan regulations with variable annuity pension plan implications
By Milliman Employee Benefits Research Group | 10 October 2014
The Internal Revenue Service (IRS) has published final regulations on hybrid pension plans, including provisions specifically related to variable annuity pension plans (VAPPs), which now enjoy greater flexibility in plan design.
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Multiemployer Alert: The new ASOP 27: What is the impact on multiemployer plan funding?
By Milliman Employee Benefits Research Group | 09 October 2014
New economic assumption selection standard will affect multiemployer plan liabilities.
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2014 key administrative dates and deadlines for calendar-year multiemployer defined benefit plans
By Milliman Employee Benefits Research Group | 15 January 2014
Key administrative dates and deadlines for defined benefit plans subject to ERISA and the Internal Revenue Code: Multiemployer.
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2013 key administrative dates and deadlines for calendar-year multiemployer defined benefit plans
By Milliman Employee Benefits Research Group | 22 January 2013
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2012 key administrative dates and deadlines for calendar-year multiemployer defined benefit plans
By Milliman Employee Benefits Research Group | 05 March 2012