Trump previously nominated Dhillon as chair of the EEOC in May 2019. She served as chair until January 20, 2021, and served on the commission until she resigned in November 2022. During Dhillon’s tenure as chair, the EEOC secured more than $535 million in recovery for victims of workplace...
The nomination of Gordon Hartogensis as director of the Pension Benefit Guaranty Corp. (PBGC) has been kicked back to President Trump due to inaction by the US Senate. In May, Trump nominated Hartogensis to replace PGBC Director Thomas Reeder, who was nominated by President Obama, and whose ...
Because of inflation and high interest rates, Mercer found that employees are increasingly concerned about their ability to retire, as well as pay off personal debts. Panelists also gave an overview of trends plan sponsors should be aware of regarding plan design, investment menus and financial we...
The final rule allows a MRPA plan to apply for thegreatestof: (1) the SFA amount for non-MPRA plans; (2) the amount sufficient to ensure that the plan will project increasing assets at the end of the 2051 plan year; or (3) the present value of reinstated benefits, including...
The proposed rule would provide guidance about the process for requesting a facilitated merger, including a request for financial assistance.
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“PBGC’s approval of the first application for special financial assistance is a major milestone in implementing the American Rescue Plan Act,” says PBGC Director Gordon Hartogensis. “The SFA program is estimated to protect the benefits of 3 million people in over 250 multiemployer pension plan...