On Thursday April 28, 2016, the Treasury Department and the Internal Revenue Service issued a final regulation (§ 1.432(e)(9)-1) regarding the suspension of benefits under the Multiemployer Pension Reform Act of 2014. The Final Regulation updates and consolidates prior guidance, components of which were issued in both proposed and temporary form. While the Final Regulation generally follows the Proposed Regulation, there are a number of changes.
Please see the attached memo for further information.