By Ryan Rowland, Grant Camp  |  26 November 2019

This alert summarizes key aspects of the proposed Multiemployer Pension Recapitalization and Reform Plan.

By Noah Llanda  |  22 November 2019

This alert focuses on the Pension Benefit Guaranty Corporation (PBGC) annual report as it pertains to the PBGC Multiemployer Program.

24 September 2019

The Segal Blend method of determining withdrawal liabilities in multiemployer pension plans was ruled improper in a recent case with the New York Times but it has been upheld in others, leaving the issue open for future challenges.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

By Milliman Employee Benefits Research Group  |  09 October 2014

New economic assumption selection standard will affect multiemployer plan liabilities.