PBGC Final Rule on Withdrawal Liability

The PBGC has published a final rule implementing changes under the Pension Protection Act of 2006 to the withdrawal liability methods for multiemployer plans and making other changes to the multiemployer program including, for example, implementing the PPA’s “fresh start” option for determining withdrawal liability.  

Document Excerpt

This final rule amends PBGC’s regulation on Allocating Unfunded Vested Benefits to Withdrawing Employers (29 CFR part 4211) to implement provisions of the Pension Protection Act of 2006 that provide for changes in the allocation of unfunded vested benefits to withdrawing employers from a multiemployer pension plan, and that require adjustments in determining an employer’s withdrawal liability when a multiemployer plan is in critical status.

 

 

 

 

 

 

Link http://edocket.access.gpo.gov/2008/pdf/E8-31015.pdf

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