If the Central States Pension Plan and other pension plans are allowed to fail, not only will employers no longer be able to pay promised benefits, but taxpayers would be at risk of having to pay billions when the Pension Benefit Guarantee Corporation (PBGC), the government sponsored insurance company for multiemployer
pensions, has an exposure of $59 billion and is projected to become insolvent by 2025.
Title IV, Subtitle A: Joint Select Committee on Solvency of Multiemployer
The Fund, a multiemployer
pension plan governed by ERISA and the Multiemployer
Pension Plan Amendment Act (MPPAA), served notice that the Weis Company owed more than $600,000 in withdrawal liability for ceasing to contribute to the Fund.
Iwi providers pay their nurses an estimated 25 per cent less than pay rates in the NZNO/district health board multiemployer
collective agreement (MECA).
Legislation to Stop Multiemployer
Plan Benefit Cuts
Enabling the election was the Kline-Miller Multiemployer
Pension Reform Act of 2014, establishing a new process to propose a temporary or permanent reduction of pension benefits if a plan is projected to run out of money before paying all promised benefits.
She advises numerous Taft-Hartley Multiemployer
Plans, as well as employer-sponsored plans.
MCG is an investment consulting firms to multiemployer
benefit plans in the US.
Pension accounting proposal aims to simplify reporting for multiemployer
One example is the long-running debate about what employers with unionized employees should do about multiemployer
Other common arrangements: Other practices commonly used by employers--including successor employer reporting, common paymaster arrangements, operating under bargaining-unit agreements, and participation in multiemployer
benefit plans--increase complexity for employers that are trying to comply with the Sec.
George Comfort & Sons has been appointed leasing and managing agent for 757 Third Avenue, the 503,000 s/f Class A midtown office tower that was recently acquired by MultiEmployer
Property Trust (MEPT).