The American Rescue Plan Act 2021, signed into law by President Joseph Biden on March 11, 2021, provides for significant relief to the most troubled multiemployer pension plans. The extent to which such relief also extends to...more
4/14/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
Compensation & Benefits ,
Employee Benefits ,
MPRA ,
Multiemployer Plan ,
New Legislation ,
PBGC ,
Pensions ,
Retirement Plan ,
Withdrawal Liability
President Joseph R. Biden signed the American Rescue Plan Act of 2021 on March 11, which provides $1.9 trillion in relief funds across a broad spectrum of categories, including additional support for vaccine distribution,...more
3/11/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
CARES Act ,
Child Tax Credit ,
COBRA ,
Coronavirus/COVID-19 ,
Defense Production Act ,
Financial Stimulus ,
Infectious Diseases ,
Mortgages ,
Multiemployer Plan ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Tax Credits ,
Tribal Governments ,
Unemployment Benefits
The US Senate on March 6 passed the Butch Lewis Emergency Pension Plan Relief Act of 2021 (EPPRA) as part of the American Rescue Plan of 2021 (H.R. 1319), the Biden administration’s $1.9 trillion COVID-19 stimulus package. ...more
The ongoing effort to provide relief for troubled multiemployer pension plans took many twists and turns in 2020, and the year ended once again without an agreed-upon solution. Looking forward to 2021, the incoming Biden...more