PBGC Issues Regulation on Special Financial Assistance Program for Troubled Multiemployer Pension Plans

The Pension Benefit Guaranty Corporation (PBGC) has issued an interim final rule implementing the special financial assistance provisions of the American Rescue Plan Act (ARPA) to assist financially troubled multiemployer pension plans.  (Click here for more background on ARPA’s multiemployer pension provisions.) The interim final rule outlines the following aspects of the...