Proposed Updated Rule on Terminated and Insolvement Multiemployer Plans

Document Excerpt

The Pension Benefit Guaranty Corporation proposes to amend its multiemployer reporting, disclosure, and valuation regulations to reduce the number of actuarial valuations required for smaller plans terminated by mass withdrawal, add a valuation filing requirement and a withdrawal liability reporting requirement for certain terminated plans and insolvent plans, remove certain insolvency notice and update requirements, and reflect the repeal of the multiemployer plan reorganization rules.

Link

https://www.federalregister.gov/documents/2018/07/16/2018-15076/terminated-and-insolvent-multiemployer-plans-and-duties-of-plan-sponsors

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