Page 6 - ஓய்வூதியம் நன்மை உத்தரவாதம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Republicans, Democrats Pressure Biden for Plan on Restoring Delphi Pensions
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Dems To Push PRO Act In Massive Legislative Package (Beltway Buzz, July 16, 2021) - Employment and HR
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PBGC Issues Interim Final Rule On Special Financial Assistance Available To Financially Troubled Multiemployer Pension Plans - Employment and HR
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The Pension Benefit Guaranty Corporation has issued an interim final rule implementing the special financial assistance provisions of the American Rescue Plan Act to assist financially troubled multiemployer pension plans.
The interim final rule outlines the following aspects of the special finance assistance (SFA), which are discussed in greater detail below.
How SFA amounts are calculated
How the receipt of SFA will affect the calculation of withdrawal liability
The SFA application process
How the receipt of SFA results in restrictions on benefit increases and employer contribution decreases
The requirement to reinstate certain benefit cuts in order to receive SFA
How Multiemployer Plan Sponsors Can Manage Relief Payments
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