On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. This law includes a financial aid package to provide assistance to underfunded multiemployer pension plans.  It also includes changes to single employer and multiemployer funding rules.

For more on the pension provisions of the ARPA, download the TMC Newsletter here: https://www.mckeogh.com/wp-content/uploads/TMC-Pension-News-March-16-2021-ARPA-2021.pdf