Click here to read FCA’s comments on the PBGC’s proposed rule
FCA International submitted comments on behalf of signatory contractors on a proposed PBGC rule that would provide interest assumptions that could be used by a plan actuary in determining a withdrawing employer’s liability to a multiemployer pension plan which is also the rate that is used to determine a contributing contractors unfunded liability. An FCA task group reviewed the rule, uncovered some concerns for contributing contractors and developed FCA’s comments.
In short, FCA is concerned about negative impacts this proposed rule could have on contributing employers who have no intention of withdrawing from the plan.
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