As we previously reported, the American Rescue Plan Act of 2021 (ARPA) was signed into law on March 11, 2021, requiring, among other things, the Pension Benefit Guaranty Corporation (PBGC) to issue its implementing regulations by July 9, 2021. As promised, PBGC issued an interim final rule, 86 Fed. Reg. 36598 (July 12, 2021) (the IFR), on a major element of the rescue plan―the Special Financial Assistance Program (SFA)―intended to provide a one-time payment to the estimated 200 most financially troubled multiemployer pension plans to help them survive and pay pensions through ...
Blog Editors
Recent Updates
- Video: DOL Authority Challenged - Key Rulings on Overtime and Tip Credit - Employment Law This Week
- Deepfakes: Why Executive Teams Should Prepare for the Cybersecurity and Fraud Risks
- Michigan Supreme Court Clarifies Minimum Wage Law Decision
- Ban-the-Box Measures Headed for the Financial Services Industry
- Upcoming Consumer Privacy Laws: What Organizations Must Know for 2024 and 2025