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Simplified Methods for Applying the Requirement to Disregard Benefit Reductions in Determining Withdrawal Liability - Multiemployer Pension Plans - Pension Protection Act of 2006

Section 432(e)(9) of the Internal Revenue Code ("Code"), added by the Pension Protection Act of 2006, directs PBGC to provide guidance on simplified methods for the application of the statutory requirement that multiemployer plans in critical status disregard certain benefit reductions in determining the plan's unfunded vested benefits for purposes of determining an employer's withdrawal liability under section 4201 of ERISA. This Technical Update provides such guidance.

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