News & Analysis as of

Federal Budget Pension Benefit Guaranty Corporation

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - July 2022 #2

Members of the U.S. Congress were out this week for their Independence Day break, but they are scheduled to return during the week beginning July 11, 2022, when they will begin a busy three-week legislative period leading up...more

Franczek P.C.

Implications of a Government Shutdown for Employers and Educators

Franczek P.C. on

As the looming threat of a government shutdown becomes more real, we briefly review prior shutdowns and provide guidance on what employers and educators might anticipate. Government shutdowns are not as rare an occurrence as...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Proposed “Exit Premium” on Withdrawing From Underfunded Multiemployer Defined Benefit Plans Would Penalize Employers That Played...

Employers withdrawing from an underfunded multiemployer defined benefit pension plan may soon face not only an assessment of withdrawal liability, but also an additional payment called an “exit premium.” The Obama...more

Proskauer - Employee Benefits & Executive...

Bipartisan Budget Act Extends MAP-21 Pension Funding Relief and Increases PBGC Premiums

On Monday, November 1, 2015, President Obama signed into law the Bipartisan Budget Act of 2015 (the “BBA”) which brings familiar changes for sponsors of defined benefit pension plans. Similar to the Moving Ahead for Progress...more

Littler

Bipartisan Budget Deal Includes Provisions Impacting Employers

Littler on

On Monday, President Obama signed into law a two-year bipartisan budget deal that has several implications for employers. The Bipartisan Budget Act of 2015 (H.R. 1314) suspends the debt ceiling limit until March 2017, and...more

King & Spalding

New Plant Shutdown Rules for Defined Benefit Retirement Plans

King & Spalding on

The 2015 omnibus appropriations bill (the "Omnibus Bill"), signed by President Obama on December 16, 2014, made significant changes to the "substantial cessation of operations" rules (also known as the "plant shutdown" rules)...more

Eversheds Sutherland (US) LLP

Legal Alert: President's 2014 Budget Includes Employee Benefits Proposals

On April 10, 2013, the White House released its Fiscal Year 2014 Budget (the Budget), which includes a number of proposals related to employee benefit plans. Although it is unlikely that all of the proposals will ultimately...more

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