Administration | October 7th, 2024 Deadline Approaches for PBGC Premiums The premium due date for many plan sponsors, as well as the deadline for seeking a refund on 2023 premium...
Compliance | July 22nd, 2024 Single and Multiemployer PBGC Funds Likely to Remain Solvent Through Projection Period According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.
Opinions | June 25th, 2024 Why PBGC’s Flat-Rate Premiums Need to Drop Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...
Data and Research | May 23rd, 2024 Pension Risk Transfer Market Sets Q1 Record The first quarter of 2024 has already seen two jumbo PRT deals, with Verizon and Shell offloading their pension liabilities.
Compliance | May 9th, 2024 NIRS Offers Congress 6 Recommendations for Expanding Access to Private-Sector Pensions The recommendations include: lower PBGC fees costs and allowing DC to DB transfers.
Data and Research | March 22nd, 2024 Aon Projects PRT Market Will Again Climb Above $40B 2024 has already seen significant activity, with Shell and Verizon both conducting large pension risk transfers in the last few...
Compliance | March 21st, 2024 Central States Pension Plan Negotiating $127M Repayment With DOJ With the PBGC director at a subcommittee hearing, House Republicans indicated the PBGC should lower premiums for its single-employer insurance...
Compliance | February 5th, 2024 PBGC Files Petition Seeking Documents California DB Plan Failed to Deliver The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...
Compliance | November 20th, 2023 PBGC Nearly $50B in the Green, Report Says This could be a reason to lower premiums, though insurance conditions have been volatile before.
Compliance | October 18th, 2023 PBGC Announces 2024 Premiums, Guarantee Levels Guarantee levels for single-employer plans will rise with inflation, but multiemployer plans are not indexed.
Administration | September 26th, 2023 PBGC Announces Address Change for Overnight Delivery of Paper Checks The change for paper premium payment checks is effective October 6.
Compliance | August 3rd, 2023 PBGC Reports Strong Funding ERISA Industry Committee asks Congress to reexamine plan sponsor premiums.
Compliance | June 22nd, 2023 PBGC Publishes Q3 Liability, Discount Rates Interest rates assessed to late payments and discount rates have been adjusted for Q3, the PBGC announced Wednesday.
Compliance | December 22nd, 2022 Plan Sponsors That Like Saving Money Get Good News on Variable-Rate Premiums If SECURE 2.0 passes, PBGC would stop increasing the rate.
Administration | April 8th, 2022 DB Plan Sponsors Might Want to Press Pause on Pursuing PRT Investment managers point to what might be better strategies for managing defined benefit plan investment risks and PBGC premium costs.
Administration | February 25th, 2022 DB Plan Sponsors Can Adopt Strategies to Lower PBGC Premiums Despite progress by many pensions plan sponsors to reduce premiums through adopting best practices, several chronic over-payers persist.
Administration | November 29th, 2021 Reasons Not to Use Pension Funding Relief Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are...
Compliance | November 23rd, 2020 IRS Modifies CARES Act Due Date for DB Plan Contributions The extended due date for contributions could help plan sponsors reduce PBGC variable rate premiums.
Compliance | November 3rd, 2020 PBGC Premiums Getting in the Way of Its Mission Letting the agency set its own premiums and basing them more on risk would encourage the offering and maintenance of...
Administration | November 2nd, 2020 A Look at Hospital and Health Care System Pensions Health care organizations face an uphill battle financially, but the right strategies for investing and controlling PBGC premiums can help...