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ARPA Final Rule Expected in January

Proskauer's Employee Benefits & Executive Compensa

Many multiemployer plans and their participants, contributing employers and unions certainly hope so, as they eagerly anticipate the issuance of a Pension Benefit Guaranty Corporation (“PBGC”) final rule that may answer the question for them. Perhaps the most likely provision to change is the definition of permissible investments.

Pension 98
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[Podcast]: Special Financial Assistance for Multi-employer Pension Plans (Part 2)

Proskauer's Employee Benefits & Executive Compensa

This episode of The Proskauer Benefits Brief is the second of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).

Pension 98
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Offering Retirement Benefits to Employees: Pros and Cons

HR Digest

Qualified retirement benefit plan needs to fulfil specific guidelines to be useful for the employee and the employer. It must be permanent- which means it cannot have a planned and definite expiration date. Integration with Social Security: Most businesses include a Social Security plan on pension schemes.

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PBGC Issues Final Rule on Special Financial Assistance Program for Troubled Multiemployer Pension Plans

Proskauer's Employee Benefits & Executive Compensa

On July 8, 2022, the Pension Benefit Guaranty Corporation (“PBGC”) published its much anticipated final rule on the special financial assistance (“SFA”) available to certain troubled multiemployer plans under the American Rescue Plan Act of 2021 (“ARPA”).

Pension 97
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Sixth Circuit Adopts IRS Standard to Determine Whether Activity Constitutes “Trade or Business” for Withdrawal Liability Purposes

Proskauer's Employee Benefits & Executive Compensa

In the absence of a statutory or regulatory definition, many courts have looked to the Supreme Courts decision in Commr v. In reaching this conclusion, the district court did not apply the two-part Groetzinger test because it interpreted the Sixth Circuits decision in Pension Benefit Guar. Groetzinger , 480 U.S. Findlay Indus.,

Pension 40
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[Podcast]: Special Financial Assistance for Multiemployer Pension Plans (Part 3)

Proskauer's Employee Benefits & Executive Compensa

This episode is the final installment of our three-part series on a new special financial assistance program created by the American Rescue Plan Act of 2021 for troubled multiemployer plans and the interim guidance issued by the Pension Benefit Guaranty Corporation regarding the program.

Pension 52
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The Pros and Cons of Standalone Overseas Employees in the Remote Work Era

Hppy

Whether they brag about it or not, greater freedom of where you can work from has tremendous benefits on mental well-being. By definition, they don’t need to be in the office after it’s been unlocked or out of the office before the cleaners are due. Beyond setting all of this up, it can present confusing pension arrangements.

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