By: Russ Kamp, Managing Director, Ryan ALM, Inc.
I hope that you had a great week since our last update. It certainly seems as if the PBGC did, as there is nothing to report regarding activity for the week ending 10/14. NOTHING! There were no new, revised, or supplemental applications filed. There were no payments made on the two approved applications. Fortunately, there were no applications that were denied. There was no activity. Let’s chalk it up to the baseball playoffs, where there certainly has been quite a bit of excitement, especially for the underdogs!
Many of these pension plans fell prey to government regulation. They too have become underdogs! The ARPA legislation is finally helping to reverse some of the onerous impacts of decades of failed policy. Let’s hope that these underdogs can secure the promises that were made to their plan participants. They and their families are counting on it!