Finance & markets · 28/04/2016Updated: 10/17/2026 · 1 min read
Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014
Summary
The Multiemployer Pension Reform Act of 2014 allows plan sponsors to temporarily reduce pension benefits for participants and beneficiaries in plans facing financial shortfalls, subject to approval by the Treasury Department and the Pension Benefit Guaranty Corporation.