PBGC Expands its Mediation Program for Pension Plan Terminations, Corporate Transactions and Fiduciary Breaches
The Pension Benefit Guaranty Corporation (“PBGC”) expanded and made permanent its mediation program, which is intended to promote a faster and more cost-effective resolution of PBGC claims than traditional litigation. The below Client Alert reviews the mediation program, which may be a valuable tool for sponsors of underfunded pension plans, particularly in the context of corporate transactions.
PDF of Client Alert: PBGC Expands its Mediation Program for Pension Plan Terminations, Corporate Transactions and Fiduciary Breaches
Related Practices
Our Executive Compensation & Employee Benefits Practice represents companies and individuals in virtually all aspects of the employment relationship and in a wide variety of industries. We provide strategic advice and offer creative, commercial solutions designed to achieve favorable outcomes for our clients.
Our Labor & Employment Law lawyers counsel businesses of all sizes and levels of complexity in connection with their day-to-day employment concerns, focusing not only on the many federal, state and local laws and regulations that govern the workplace, but on each employer’s business and operational objectives. Our complete approach includes preventative measures, training, and representation in formal proceedings before federal and state courts and administrative agencies.
Tax-qualified retirement and pension plans present a minefield of complex tax and legal requirements for employers. Our attorneys are seasoned in navigating these issues, and provide clients with sophisticated legal advice on the design, operation and maintenance of a broad range of plans.
