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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