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Troubled Multiemployer Pension Plans: PBGC Issues Regulation on ARPA Special Financial Assistance | Morgan Lewis

To embed, copy and paste the code into your website or blog: 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

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