March 31, 2016

Fourth Application for MPRA Benefit Suspensions Filed

On March 31, 2016, the Department of the Treasury (Treasury) issued a Notice and Request for Comments on a fourth application for benefit suspensions under the Multiemployer Pension Reform Act of 2014 (MPRA). This appears to be the first suspension application where a related application for partition under Section 4233 of the Employee Retirement Income Security Act (as amended by MPRA) has also been submitted to the Pension Benefit Guaranty Corporation.

For more information on MPRA partitions, see Segal’s recent Hot Topic.

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Serena Simons

Serena Simons

SVP, National Retirement Compliance Practice Leader