Partition Request

The Multiemployer Pension Reform Act of 2014 (MPRA) provides two options that plan trustees and participants can use to keep severely underfunded multiemployer plans (“critical and declining plans”) from running out of money (becoming “insolvent”) and having to reduce benefits to PBGC-guaranteed amounts. These options are:

• Benefit suspension – for which a plan applies to the U.S. Department of Treasury, and
• Partition – for which a plan applies to PBGC.