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Easing the Burden: New PBGC Rule Simplifies Multiemployer Plan Withdrawal Liability Calculations

USA - February 23 2021 The Pension Benefit Guaranty Corporation (the PBGC) kicked off 2021 by releasing a final rule intended to streamline withdrawal liability…

Todd A. Solomon.

Full Disclosure Required: Lifetime Income Estimates on Defined Contribution Plan Benefit Statements

USA - February 5 2021 The US Department of Labor (DOL) unveiled an interim final rule (the “Lifetime Income Disclosure Rule”) that adds a new lifetime income disclosure…

Deja Vu with Retirement Plan Extension 2

USA - June 15 2020 In response to the administrative difficulties faced by plan administrators due to the ongoing COVID-19 pandemic, the Internal Revenue Service (IRS)…

CARES Act Impacts All Benefit Plans

USA - March 31 2020 In the ongoing effort to help individuals impacted by COVID-19, Congress passed the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act)…

Evan A. Belosa, Ralph E. DeJong, Lindsay Ditlow, Steven G. Eckhaus, Sarah L. Engle, Andrew C. Liazos, Jacob Mattinson, Rick Stepanovic, Judith Wethall.

Retirement Plan Relief and Temporary Student Loan Benefits in the CARES Act

USA - March 30 2020 For retirement plan sponsors, the CARES Act relief includes relaxed plan distribution and loan rules designed to provide participants with greater…

Sarah L. Engle, Rick Stepanovic, Brian J. Tiemann.