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Congress Provides Defined Benefit Pension Plan Funding Relief | Foley & Lardner LLP

The American Rescue Plan Act of 2021 (the โ€œ ARPAโ€), which President Biden is expected to sign, provides additional funding relief to sponsors of single-employer defined benefit pension plans. Valuation of Plan Benefit Obligations A planโ€™s goal is to have sufficient assets to equal the present value of all benefits accrued or earned under the plan.ย  If the present value of those benefit obligations is greater than the value of plan assets, then the plan is underfunded and the employer may...
United States Foley Lardner American Rescue Plan Act President Biden Plan Benefit Current Rates

Defined Benefit Pension Plan Funding Relief from Congress

Thursday, March 11, 2021 The American Rescue Plan Act of 2021 (the โ€œ ARPAโ€), which President Biden is expected to sign, provides additional funding relief to sponsors of single-employer defined benefit pension plans. Valuation of Plan Benefit Obligations A planโ€™s goal is to have sufficient assets to equal the present value of all benefits accrued or earned under the plan.ย  If the present value of those benefit obligations is greater than the value of plan assets, then the plan ...
United States American Rescue Plan Act President Biden Plan Benefit Current Rates Year Rate

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