ERISA Reportable Events for Active Participant Reductions in Pension Plans As coronavirus-related workforce reductions increase, employers should be mindful of their reporting obligations to the Pension Benefit Guaranty Corporation (PBGC) under the Employee Retirement Income Security Act (ERISA). Effective March 5, 2020, PBGC using its regulatory discretion, modified reporting requirements under Section 4043 of ERISA. […]
COVID-19 Issues for ERISA Retirement Plan Sponsors Economic disruption in the first two quarters of 2020, combined with future business uncertainty about the COVID-19 pandemic, is prompting Employee Retirement Income Security Act (ERISA) retirement plan sponsors to review their pension plan management options. Industry sectors that have been particularly hard-hit by COVID include retail, hospitality, […]