Tag: Benefit cutback|Congress|ERISA|Legislation|Multiemployer plan|PBGC|Pension Rights Center|Retirement planning
Multiemployer, 4062(e) Changes Enacted, And Now It’s Time to See How It Shakes Out
Congressional negotiations over a budget bill late last year introduced a landmark change to ERISA on the law’s 40th anniversary: To preserve their multiemployer defined benefit plans, trustees and participants can now voluntarily decide whether to reduce benefits instead of waiting for plan insolvency.
