PBGC Announces 2014 Moratorium on ERISA §4062(e) Enforcement Actions

Overview


Michael Graham, Maureen O’Brien and Patrick Ryan wrote this bylined article on the Pension Benefit Guaranty Corporation (PBGC) announcement of a moratorium on enforcing ERISA §4062(e) through the end of 2014. PBGC “had recently been quite aggressive in its enforcement actions under ERISA §4062(e)” relating to ordinary business decisions, the authors wrote, and the moratorium will allow it to “target future enforcement efforts to those cases where employee pensions are genuinely at risk” while working with stakeholders on a more “practical” enforcement approach. Read the full article