ABSTRACT

Multiemployer Defined Benefit Pension Plans Potentially Eligible for Special Financial Assistance Under the American Rescue Plan Act [May 28, 2021]   [open pdf - 1MB]

From the Introduction: "Section 9704 in Title IX, Subtitle H, of the American Rescue Plan Act of 2021 (ARPA; P.L. 117- 2) provides financial assistance to eligible financially troubled multiemployer defined benefit (DB) pension plans. For more information on Section 9704, see CRS In Focus IF11765, 'Special Financial Assistance to Multiemployer Plans.' This report provides a list of multiemployer DB plans that meet or might meet the eligibility requirements for the special financial assistance using the most recently available data. The report provides (1) background on multiemployer DB pension plans, (2) an overview of the special financial assistance, (3) a description of the four eligibility criteria, and (4) a listing of plans (along with each plan's participant and funding data) that satisfy the eligibility criteria using the most recently available data. An Appendix [hyperlink] also lists the plans that meet or might meet each criteria, separated by criteria and in alphabetical order."

Report Number:
CRS Report for Congress, R46803
Author:
Publisher:
Date:
2021-05-28
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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