Horizon Actuarial would like to congratulate the following associates who recently earned the actuarial designations shown below:

Ken Densmore: Associate of the Society of Actuaries (ASA).
Lindey Settle: Associate of the Society of Actuaries (ASA).

Congratulations to Ken and Lindey on these great accomplishments!

On June 6, 2016, the Pension Benefit Guaranty Corporation (“PBGC”) published a proposed rule regarding mergers and transfers involving multiemployer pension plans. The proposed rule can be found on the Federal Register.

The proposed rule provides guidance for requesting a facilitated merger under the Multiemployer Pension Reform Act of 2014 (“MPRA”), including a request for financial assistance from PBGC.  The proposed rule also updates the existing regulation regarding mergers and transfers between multiemployer plans under section 4321 of ERISA.

​Comments on the proposed rule may be submitted via www.regulations.gov or at reg.comments@pbgc.gov.  Comments must be submitted within 60 days of the publication of the proposed rule, in other words, no later than August 5, 2016.

Update: On July 28, 2016, Horizon Actuarial Services, LLC submitted a comment on the proposed rule.  More information can be found here.