Michael McNally

Michael McNally

Fox Rothschild LLP

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PBGC Proposes Rule Change for Withdrawal Liability Discount Rates

In an apparent effort to resolve uncertainty caused by court rulings, the Pension Benefit Guaranty Corporation has proposed that actuaries of multiemployer pension plans should be allowed to use any interest rate for...more

10/19/2022  /  Comment Period , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Interest Rates , Multiemployer Pension Plan Amendments Act (MPPAA) , Multiemployer Plan , PBGC , Pensions , Proposed Rules , Withdrawal Liability

What Employers That Contribute to Multiemployer Plans Receiving 'Special Financial Assistance' Need to Know

In a prior alert, we detailed how the Interim Final Rule (IFR) from the Pension Benefit Guaranty Corporation (PBGC) regarding the special financial assistance (SFA) provided under American Rescue Plan Act of 2021 (ARPA) would...more

9/14/2022  /  American Rescue Plan Act of 2021 , Employee Benefits , Employer Contributions , Interest Rates , Interim Final Rules (IFR) , Multiemployer Plan , PBGC , Pensions , Retirement Plan , Withdrawal Liability
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