In This Issue:

- April 2015 Developments for Multiemployer Pension Plans

- Q & A

- More Polsinelli MPRA Intelligence

- MPRA Counseling Services

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- For More Information

- Excerpt from April 2015 Developments for Multiemployer Pension Plans:

Central States Provides Update on Potential Benefit Reductions Under the MPRA Rules -

In early April, the Central States Pension Fund launched a new website to update its 400,000 plan participants, contributing employers, and other interested parties on its decisions to implement the MPRA changes. Central States notes that its pension fund currently has more than three times as many retirees as active members. Due to these unfavorable demographics and its billions of dollars of unfunded liabilities, the fund expects to announce a “rescue plan” over the summer that will presumably include reductions in benefit levels. According to Central States, due to the strict MPRA procedures and timelines for seeking benefit reductions, its rescue plan will likely not be implemented until 2016 at the earliest.