Required Notices on Funding of Multiemployer Defined Benefit Plans: 29 USC §101(f)The Pension Funding Equity Act of 2004 requires multiemployer plans to provide more detailed notices on the status of the pension plan’s assets, and other important information. The new rule applies to plan years beginning after December 31, 2004. The information required in the notice is listed below, and must be written in a manner so as to be understood by the average plan participant. A plan funding notice must contain the following information:
This notice will be similar to the notices already required for single employer plans. The law was signed by the President on April 10, 2004 and became Public Law 108-218 [PDF] . Final Regulations were issued on January 11, 2006.
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