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Biden Administration Pensions Employee Benefits

Bricker Graydon LLP

Social Security Fairness Act Restores Social Security Benefits to Eligible Public Employees

Bricker Graydon LLP on

On January 5, 2025, Former President Biden signed the Social Security Fairness Act (SSFA), H.R. 82, into law. The SSFA, which garnered bipartisan support in Congress, repeals certain provisions of the Social Security Act that...more

Fisher Phillips

Teamster Pension Bailout May Not Be Remedy Employers Hoped For

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Christmas came early this year for the beleaguered Teamsters Central States Pension Fund and its over 350,000 participants – but employers may soon realize they just received a lump of coal in their stockings. On December 8,...more

Proskauer - Employee Benefits & Executive...

ARPA Final Rule Expected in January

As we previously reported, on July 9, 2021, the PBGC issued an interim final rule pursuant to the American Rescue Plan Act of 2021 (“ARP”) explaining how it intends to calculate the special financial assistance for...more

Fisher Phillips

July 2021: The Top 14 Labor And Employment Law Stories

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It’s hard to keep up with all the recent changes to labor and employment law. While the law always seems to evolve at a rapid pace, there have been an unprecedented number of changes for the past few years—and this past month...more

Littler

PBGC Issues Interim Final Rule on the American Rescue Plan Act’s Special Financial Assistance Program

Littler on

On July 9, 2021, the Pension Benefit Guaranty Corporation issued its interim final rule implementing the Special Financial Assistance (SFA) program passed in March 2021 as part of President Biden’s American Rescue Plan Act of...more

Foley & Lardner LLP

ARPA Funding Relief for Single Employer Defined Benefit Pension Plans

Foley & Lardner LLP on

On March 11, 2021 President Biden signed the American Rescue Plan Act (Public Law 117-2) ("ARPA"). Among its many provisions, the statute contains "funding relief" for single employer defined benefit pension plans. This...more

Morgan Lewis

Multiemployer Pension Plans (and Contributing Employers) Look to American Rescue Plan for Relief

Morgan Lewis on

The American Rescue Plan Act 2021, signed into law by President Joseph Biden on March 11, 2021, provides for significant relief to the most troubled multiemployer pension plans. The extent to which such relief also extends to...more

Burr & Forman

Releasing the Pressure Valve for Single Employer Pension Plans under American Rescue Plan Act

Burr & Forman on

On March 11, 2021, President Biden signed into the law the American Rescue Plan Act (“ARPA”) containing $1.9 trillion in financial stimulus.  Though not highly publicized, the ARPA provides important relief related to plan...more

McNees Wallace & Nurick LLC

The American Rescue Plan Act: COBRA Subsidies and Other Employee Benefit Changes

The American Rescue Plan Act of 2021 (the “Act”) was signed into law on March 11, 2021.  As well as providing extended unemployment, the Act provides for subsidized COBRA, an increase in the amount of dependent care...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Seriously Underfunded Multiemployer Defined Benefit Pension Plans - Relief Finally Arrives

We had pondered when this day would come. The doomsday scenario that the Pension Benefit Guaranty Corporation (PBGC) would become insolvent in five to six years is now old history. (The new estimated time of PBGC insolvency...more

Eversheds Sutherland (US) LLP

American Rescue Plan saves employers from two months without legislation

On March 11, 2021, President Biden signed the American Rescue Plan Act (the Act), which includes some notable changes and relief for employers and employee benefit plans. The Act expands the section 162(m) deduction...more

Littler

The Butch Lewis Emergency Pension Plan Relief Act of 2021 Becomes Law

Littler on

On March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021, which includes the Butch Lewis Emergency Pension Plan Relief Act of 2021....more

Jackson Lewis P.C.

American Rescue Plan Act Of 2021: COBRA Subsidy, Pension Funding, And Other Employee Benefit Changes

Jackson Lewis P.C. on

The American Rescue Plan Act of 2021 (ARPA) is the latest federal COVID-19 relief bill, which the President signed into law March 11, 2021. ARPA includes new COBRA continuation coverage election, notice, and subsidy...more

Groom Law Group, Chartered

[Webinar] COVID-19 Legislative Update – Health, Pension and Tax Provisions in the American Rescue Plan Act - March 16th, 1:00 pm -...

On March 10, 2021, the House of Representatives passed the American Rescue Plan Act (H.R. 1319, the “Act”), sending it to President Biden for his signature later this week. The Act includes a number of significant health,...more

Polsinelli

American Rescue Plan Brings $86 Billion in Relief to Failing Multiemployer Pension Plans

Polsinelli on

The American Rescue Plan that was sent to President Biden’s desk on March 11, 2021 includes an $86 Billion aid package that provides financial assistance to underfunded multiemployer pension plans facing critical or declining...more

Fisher Phillips

What Employers Need To Know About Biden’s American Rescue Plan

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After several weeks of tense negotiations and legislative twists and turns, President Biden’s latest COVID-19 stimulus package – the American Rescue Plan – has been passed by Congress and will become law once the president...more

Morgan Lewis - ML Benefits

Multiemployer Pension Relief Expected by March 14

The US Senate on March 6 passed the Butch Lewis Emergency Pension Plan Relief Act of 2021 (EPPRA) as part of the American Rescue Plan of 2021 (H.R. 1319), the Biden administration’s $1.9 trillion COVID-19 stimulus package. ...more

Fisher Phillips

House Passes American Rescue Plan; Next Stop, The Senate

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In the early morning hours of Saturday, February 27, the U.S. House of Representatives passed President Biden’s $1.9 trillion latest COVID-19 stimulus bill, containing a slew of employment-related initiatives that could have...more

Morgan Lewis - ML Benefits

Outlook for Multiemployer Pension Plan Reform in 2021

The ongoing effort to provide relief for troubled multiemployer pension plans took many twists and turns in 2020, and the year ended once again without an agreed-upon solution. Looking forward to 2021, the incoming Biden...more

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