Search Results for keywords:"contributing employers"

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Search Results: keywords:"contributing employers"

  • Type:Notice
    Citation:86 FR 6417
    Reading Time:about 2 minutes

    The Board of Trustees of the American Federation of Musicians & Employers Pension Fund has applied to reduce benefits, as per the Multiemployer Pension Reform Act of 2014. This application has been published on the Treasury Department's website. The Department of the Treasury is requesting public comments on the application from interested parties like participants, beneficiaries, and contributing employers. Comments need to be submitted by March 8, 2021, either electronically via the Federal eRulemaking Portal or by mail to the Treasury Department.

    Simple Explanation

    The people in charge of taking care of musicians' retirement money want to change how much money people get. They're asking everyone to say what they think about this change before March 8, 2021.

  • Type:Notice
    Citation:86 FR 2492
    Reading Time:about 2 minutes

    The Department of the Treasury has announced that the Board of Trustees of the Roofers Local No. 88 Pension Fund has submitted an application to reduce benefits under their pension plan. This proposal comes under the Multiemployer Pension Reform Act of 2014, which allows certain pension plans projected to run out of money to make such changes. The application is now available on the Treasury's website, and the public is encouraged to submit comments on it by February 26, 2021. Interested parties, such as plan participants, beneficiaries, employee organizations, and contributing employers, are invited to share their feedback.

    Simple Explanation

    Imagine there's a big group piggy bank for people who fix roofs, and the group has decided that they need to give out a bit less money so that the piggy bank doesn't run out too soon. Now, they're asking everyone (like the people who use the piggy bank) to say how they feel about this idea.