"One group that won’t get relief under the rules is contributing employers. When they got into trouble, many underfunded plans imposed significant surcharges on participating employers that were intended to make up for the investment losses. PBGC’s rescue plan rules say that employers can’t reduce the amount of contributions they’re currently making under their collective bargaining".
I too was wondering the same thing there Homesick. The quote above is from the article of the original post. It says "the employers can't reduce the amount of contributions they're currently making under their collective bargaining". It says nothing about future contracts negotiated as to whether or not the contributions can be reduced or not, only that it cannot be reduced what is currently agreed to by collective bargaining. So, does this mean that future contracts can be negotiated on pension contributions based on the needs at the time to maintain the current pay out rate? This is what I have been talking about. Like you stated, the pension fund is currently obligated to help pay for companies that no longer exist. When the new contract (2023) is negotiated for ABF (collective bargaining), will the employer (ABF) then only be required to pay in what is necessary to cover ABF employees only as the so-called "orphan" companies will be covered by the Pension Relief Act?
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