PBGC Withdrawal Liability Regulation Nears Completion
The PBGC will soon issue a proposed regulation on the actuarial assumptions that may be used by a multiemployer plan actuary in determining withdrawal liability. The proposed regulation was sent to the Office of Management and Budget for approval. Generally, the review process takes up to 90 days. Once OMB approval is obtained, the next step will be for the PBGC to send the proposed regulation to the Federal Register for publication.
We will be monitoring the progress of the proposed regulation, and will issue another alert once the proposed regulation is published.
Cheiron is an actuarial consulting firm that provides actuarial and consulting advice. However, we are neither attorneys nor accountants. Accordingly, we do not provide legal services or tax advice.