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PBGC Issues Guidance on New Special Financial Assistance Program for Troubled Multiemployer Pension Plans | Proskauer Rose LLP

TBD, given 21 days warning, no later than February 11, 2023 22 6 Plans for which PBGC computes the present value of financial assistance under ERISA § 4261 to be in excess of $1 billion (in the absence of SFA) TBD, given 21 days warning, no later than February 11, 2023 11 Proskauer Observation: The dates set forth in the above chart are somewhat malleable in that the PBGC may accelerate the date for a priority group depending on the number of applications submitted and other factors. The IFR also provides that an additional seventh priority group may be added, but the application deadline for such a group would be no later than March 11, 2023. The IFR allows for the processing of certain emergency filings beginning with priority group number two.

Labor News: PRO Act, New Legislation, NLRB Termination Challenge

Friday, July 16, 2021 Dems to Push PRO Act in Massive Legislative Package. Congressional Democrats this week announced that they would unilaterally advance a $3.5 trillion “human infrastructure” package (providing for paid family and medical leave, Medicare expansion, and universal prekindergarten education, among other things) along with a bipartisan “traditional infrastructure” package (addressing roads, bridges, passenger and freight rail, waterways, etc.) in the coming weeks. Here is what’s happening. Process matters. First, the infrastructure “deal” is an agreement between Democratic leaders on a top-line budget number, but rank-and-file Democrats in the U.S. Senate and U.S. House of Representatives will still need to approve it. In the Senate, there is no room for error, as one Democratic defector could scuttle the whole thing. There is more wiggle room in the House, but not much Speaker Nancy Pelosi can afford to lose only three votes. Second, the

Mixed News for Employers as PBGC Releases Multiemployer Bailout Plan Rule | Fisher Phillips

Mixed News for Employers as PBGC Releases Multiemployer Bailout Plan Rule | Fisher Phillips
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Pension Insurance Market to Develop New Growth Story | UnitedHealth Group, Allianz SE, Kaiser Permanente

Pension Insurance Market to Develop New Growth Story | UnitedHealth Group, Allianz SE, Kaiser Permanente iCrowd Newswire The latest study released on the Global Pension Insurance Market by AMA Research evaluates market size, trend, and forecast to 2026. The Pension Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download Sample Report PDF (Including Full TOC, Table & Figures) @ Key Players in This Report Include: UnitedHealth Group (United States),Allianz SE (Germany),Kaiser Permanente (United States),MetLife (United States),CNP Assurances (France),PICC (China),Dai-ichi Life Group (Japan),ICICI Prulife (India),Ping An Insurance (China),China Life Insurance Company (China),China Pacific Insurance Company

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