New rules for single-employer pension plans

Single-employer defined benefit plan sponsors covered by the Employee Retirement Income Security Act have new guidelines for annual funding notices in a final rule published Feb. 2 by the U.S. Department of Labor's Employee Benefits Security Administration. The new rule, which applies to plan years beginning January 2015 and takes effect March 4, includes new requirements for multiemployer plans dictated by the Multiemployer Pension Reform Act of 2014 to inform participants.



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