Committee Notes from Meeting with Treasury, PBGC, and DOL

Notes from a meeting earlier this year between members of the Multiemployer Plans Committee of the American Academy of Actuaries (the Committee) with representatives of the U.S. Department of Treasury (Treasury), the Pension Benefit Guaranty Corporation (PBGC), and the Department of Labor (DOL) pertaining to applications by plans in critical and declining status to suspend benefits or partition liabilities as permitted under the Multiemployer Pension Reform Act of 2014 (MPRA), withdrawal liability, mergers and transfers, and possible multiemployer pension reform legislation.