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Report Link Many Pension Protection Act Provisions on Multiemployer Plans Take Effect This Year.McGuire Woods LLP - June 20, 2008 One of the primary objectives of the Pension Protection Act of 2006 (“PPA”) is to shore up the funding of defined benefit pension plans, including multiemployer plans. As most of the PPA provisions on multiemployer pension plans take effect for plan years beginning this year (2008), it is worthwhile to review some of these provisions and how they affect contributing employers. Report Link New Multiemployer Pension Plan Funding Rules Begin Impacting Employers in April 2008.Buchanan Ingersoll & Rooney PC - April 11, 2008 Employers that contribute to a multiemployer pension plan should watch the mail for an important new notice that the plan's trustees will send if the plan's funded status is low enough to be considered "endangered" or "critical." The notice is required by the Pension Protection Act of 2006 (PPA), 26 U.S.C. §432 and 29 U.S.C. §305, as supplemented by regulations the United States Department of Labor (DOL) proposed in late March, 2008, 73 Fed. Reg. 14417 and 15688. This e-alert briefly explains why the notice is being sent and the new obligations that the PPA imposes on employers, unions, and trustees who are involved with multiemployer pension plans in "endangered" or "critical" status. Report Link High Noon for Multiemployer Pension Plans.Fisher & Phillips, LLP - April 02, 2008 Certain notice and funding provisions of the Pension Protection Act (PPA) became law January 1, 2008, and the first impact of these requirements is about to be felt. On or about March 30 most multiemployer pension plans will be sending status notices to employers and others. Many of these notices will contain bad news, although some will not. Here's what's going on in somewhat non-technical terms. Report Link Practical Insights: Is Your Multi-Employer Pension Plan Threatening to Terminate Early Retirement Benefits For Your Employees If You Withdraw From the Plan? Ford & Harrison LLP - March 26, 2008 Some union trustees of labor-management multi-employer pension plans (“MEPS”) that are greatly under-funded are using the Pension Protection Act of 2006, (“PPA”) to threaten not to pay plan participants early retirement benefits if their employers withdraw from the plan. In fact, one pension fund is saying that its trustees soon may adopt a rule that future retirees who last worked in a bargaining unit that voluntarily withdraws from the pension fund risk elimination or reduction of benefits payable prior to age 65.
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ArticlesFound: 4 ArticlesNO SUBTOPICSEmployment Law Seminars
43rd Annual Midwest Labor and Employment Law Seminar on October 12-13, 2008
Easton
October 12, 2008 Baker HostetlerReserve the Dates!!! – Public Sexual Harassment Training Webinar for Supervisors and ManagersOnline
October 14, 2008 Ballard RosenbergThe 2008 Nevada Employer: RenoReno
October 14, 2008 LittlerSouth Carolina's Immigration Law, I-9 & E-Verify Breakfast BriefingSpartanburg
October 14, 2008 Ford & HarrisonEmployment Law WorkshopLa Jolla
October 14, 2008 Fisher & PhillipsHiring minors: Legal issues to considerPhiladelphia
October 14, 2008 Buchanan IngersollEmployment Law Developments in IndianaCarmel
October 15, 2008 OgletreeEmployment Law Developments in TennesseeNashville
October 15, 2008 OgletreeWorkplace Harassment SeminarIndianapolis
October 16, 2008 Indiana Chamber of CommerceFlorida Employment Law UpdateTampa
October 16, 2008 Ogletree |
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