Administration | July 16th, 2020 Forty Percent of DB Plans Could Adopt Strategies to Lower PBGC Premiums Strategies regarding timing and recording of pension contributions translate to millions of dollars in lower PBGC premiums, according to a...
Compliance | October 14th, 2019 PBGC Announces Premium Rates for 2020 The agency notes that there are no scheduled increases (other than indexing) for years after 2019.
Compliance | August 6th, 2019 PBGC Multiemployer Program Continues Move Toward Insolvency PBGC Director Gordon Hartogensis says if Congress fails to act soon then after year 2025, any future revenue to the...
Compliance | December 17th, 2018 PBGC 2019 Premium Filing Instructions Available The new instructions include an expanded list of common filing errors.
Compliance | November 16th, 2018 PBGC Fiscal Year 2018 Report Highlights The pension insurance organization says the financial condition of both its single employer and multiemployer insurance programs have improved, but...
Opinions | November 1st, 2018 Barry’s Pickings: November 7—Five Good Questions Michael Barry, president of October Three (O3) Plan Advisory Services LLC, points out that, while the candidates for the midterm...
Compliance | October 15th, 2018 PBGC Posts 2019 Premium Rates A table on the PBGC’s website shows that the flat-rate premium for single-employer plans has grown from $31 in 2007...
Compliance | September 6th, 2018 PBGC Makes Available 2018 Premium Filing Instructions The PBGC expanded the examples about how to determine premiums in a year when a plan is involved with a...
Administration | July 27th, 2018 Raytheon Transfers Nearly $1B in Pension Obligations to Prudential Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants,...
Administration | January 17th, 2018 Verizon Pensioners Still Want to Recoup ERISA Protections In a followup interview with Jack Cohen, Association of BellTel Retirees chairman, he says his association and others warned the...
Administration | December 27th, 2017 Reducing PBGC Premiums by Splitting Up a DB Plan The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs...
Opinions | October 16th, 2017 Hospitals Burdened By PBGC Premiums Have Solutions Available John Lowell, Atlanta-based partner and actuary for October Three, shares solutions for health care organizations to possibly decrease their PBGC...