The Pension Benefit Guaranty Corp. has finalized an interim rule on partitioning assets in the most troubled pension plans in its Multiemployer insurance program.
Among other statutory provisions, the Multiemployer Pension Reform Act of 2014 created a new framework of partition rules intended to help PBGC sequester portions of assets in plans expected to go insolvent.
By partitioning some assets, PBGC can reduce the exposure it would otherwise face if a plan goes insolvent.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
