IRS Issues Guidance on Multiemployer DB Plan Mergers After Special Financial Assistance

​The Internal Revenue Service (IRS) issued Revenue Ruling 2022-13 explaining whether a merger of two multiemployer defined benefit pensions plans where one plan received special financial assistance (SFA) and one did not receive SFA would put the surviving plan in critical status after the merger under section 432(b)(7). Revenue Ruling 2022-13 details an example showing that after the merger, the ongoing plan is not deemed to be in critical status solely due to the merger.