Tag: American Rescue Plan Act

Pensions November 28, 2022

“Relief Is No Longer Relief:” Financial-Market Upheaval Overtakes Best Intentions of Pension Legislation

Even with American Rescue Plan Act relief largely unavailable, pension plan balance sheets improved in 2022, causing some corporate plan sponsors to consider adding risk in 2023.

Research August 10, 2022

Don’t Call It a Comeback: Plan Sponsors Could Thaw Frozen Defined Benefit Plans

Unfreezing pension plans may help with workforce recruitment and retention.

Regulation June 3, 2022

PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans

Public commenters expressed concerns over investment restrictions, discount rate calculations.

Newsmakers February 14, 2022

Teamsters Pension Applies for Bailout After $58 Million Legal Appeal Dismissed

 A circuit court has denied the New York multiemployer pension’s attempt to recover withdrawal liabilities from the bankrupt firm’s new owner.

Newsmakers January 28, 2022

PBGC Approves $100.5 Million Bailout of New Jersey Pension Plan

Teamsters Local 408 is the 5th plan to be approved under the American Rescue Plan Act’s Special Financial Assistance program.

Opinion September 13, 2021

Op-Ed: Don’t Leave Money on the Table When Evaluating Pension Risk Strategies

The passage of the American Rescue Plan Act in March has changed the game for CIOs considering an annuity buyout.

Regulation July 14, 2021

PBGC Issues Interim Final Rule on Multiemployer Bailout Plan

The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.

Pensions April 14, 2021

US Corporate Pension Funding Nudges Higher in FY 2020

Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.

Pensions April 5, 2021

Musician’s Pension Opts for ARPA Over MPRA

Trustees are wagering that relief under the most recent COVID-19 stimulus bill will provide a better option than a reduction in benefits.