Proposed Rule to Multiemployer Regulations

The proposed rule would reduce the number of actuarial valuations required for certain small terminated but not insolvent plans. Further, the proposed changes would shorten the advance notice filing requirements for mergers in certain situations.

Document Excerpt

PBGC is proposing to amend its multiemployer regulations to make the provision of information to PBGC and plan participants more efficient and effective and to reduce burden on plans and sponsors. The amendments would reduce the number of actuarial valuations required for certain small terminated but not insolvent plans shorten the advance notice filing requirement for mergers in situations that do not involve a compliance determination and remove certain insolvency notice and update requirements.   

Link http://www.pbgc.gov/Documents/2014-01337.pdf

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