In This Issue:

- Recent Developments for Multiemployer Pension Plans

- Q & A

- More Polsinelli MPRA Intelligence

- MPRA Counseling Services

- Excerpt from Recent Developments for Multiemployer Pension Plans:

1. PBGC Issues Detailed Study on Troubled Multiemployer Pension Funds. On March 11, 2015, the Pension Benefit Guaranty Corporation (PBGC) issued a detailed study that explains how its insurance guarantees reduced the benefits of participants under plans that have already become “insolvent” (i.e., those plans that are receiving the PBGC’s financial assistance to make minimum benefit payments up to the annual benefit guarantee of $12,870 per year). More importantly, however, the PBGC study also estimated the percentage of plan participants that would likely see benefit reductions if their funds become insolvent in the future. According to the PBGC, over 50% of participants in these funds will experience reductions because their benefits likely exceed the relatively low annual guarantees under the PBGC’s insurance program.