In This Issue:

- Recent Developments for Multiemployer Pension Plans

- Q & A

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- About Polsinelli’s Employee Benefits and Executive Compensation Practice

- Excerpt from Recent Developments for Multiemployer Pension Plans:

Central States Pension Fund Issues Statement on the MPRA. Without question, the most controversial change under the MPRA allows deeply troubled funds to reduce the pension benefits of plan participants, including those of retirees already in payment status. Due to its severe underfunding, the Central States pension fund will likely be a plan that seeks IRS approval to reduce benefits. The MPRA, however, has detailed timelines and procedures that a fund must follow first. According to a statement posted on its public website, Central States predicts that it will take “up to a year” before any benefit modifications for the new MPRA rules could take effect under its pension fund.