Impact of the Multiemployer Pension Reform Act: 2015 Survey Results

mpra-2015-survey-results.jpgSix months after the passing of the Multiemployer Pension Reform Act of 2014 (MPRA), an International Foundation of Employee Benefit Plans survey finds multiemployer plans are closely monitoring and discussing the law, but few are taking any drastic measures.

MPRA was passed to assist multiemployer plans from becoming insolvent. The law allows deeply troubled plans to temporarily or permanently suspend current and future benefits, increases premiums payable to the Pension Benefit Guaranty Corp. (PBGC), and allows the PBGC to facilitate multiemployer plan mergers and to order and finance plan partitions.

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