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: NLRB’s Expanding Power - Pushback and Legal Challenges Ahead - Employment Law This Week
- New Jersey’s Department of Labor Adopts Regulations Implementing Key Sections of the Temporary Workers’ Bill of Rights
- In the Cloud: A Safe Place for Your Personal Data?
- Video: FTC Exits Labor Pact, EEOC Alleges Significant Underrepresentation in Tech, Sixth Circuit Affirms NLRB Ruling - Employment Law This Week
- Massachusetts High Court Rules That Franchisees Are Independent Contractors