PBGC Asks Permission to Keep Collecting Information on Plan Terminations
The request regards distress terminations and PBGC-initiated terminations of DB plans.
Tag: PBGC
Regulators Announce Modifications to Form 5500
IRS compliance questions have been removed from the form.
Report Highlights Dramatic Multiemployer Insurance Deficit
PBGC data shows the multiemployer program had liabilities of $67.3 billion and assets of $2.2 billion as of September 30,...
CRR Assesses Options for Helping Multiemployer Plans
In an issue brief, researchers for the Center for Retirement Research at Boston College discuss plan partitions, benefits cuts, subsidized...
Sears Allowed to Sell Real Estate to Fund Pension
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...
PBGC Tries Mediation for Certain DB Plan Cases
“By providing an alternative dispute resolution option for employers who sponsor ongoing and terminated plans, we expect to save time...
PBGC Issues Guidance About Active Participant Reduction Reportable Event
A technical update provides an alternative method for determining whether reporting an attrition event to the PBGC is required.
PBGC Makes Proposals About Plan Terminations
The agency is proposing that termination forms may be filed electronically and that plan sponsors be offered a pre-filing consultation.
PBGC Announces Relief Due to Hurricane Maria
The relief applies to PBGC premiums, single-employer plan terminations, reportable event notices, annual employer reporting, requests for reconsideration or appeals...
PBGC Proposes Changes to Form 5500 Reporting by DB Plans
The agency is proposing two modifications for multiemployer plans and one modification for single-employer plans.
PBGC Premiums Driving DB Plan Sponsors to Fund, De-Risk
“Companies feel that the time is right to reduce or eliminate their pension funding shortfalls.” says Matt McDaniel, partner, Mercer.
IRS Relaxes Loan, Hardship Rules for Hurricane Irma Victims
The PBGC and DOL also are providing relief similar to that provided to Hurricane Harvey victims.
PBGC Offers Financial Assistance to Union Plan Approved for Benefits Reductions
The agency says the financial assistance, together with benefit reductions that are required as a condition for receiving PBGC assistance,...
PBGC Provides Premium, Filings Relief for Hurricane Harvey Victims
If IRS adds additional disaster areas in connection with its own filing extensions, any person responsible for meeting a PBGC...
Actuaries Propose Simplified Pension Funding Notices
The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved,...
PBGC Multiemployer Program Still Projected to Become Insolvent
However, the single-employer program is likely to eliminate its deficit within the next three to seven years.
Regulators Have Big Agendas Still for 2017
On the IRS’ list are rules and guidance for which it still plans to issue a Notice of Proposed Rulemaking...
PBGC Seeks Plan Sponsor Input on Agenda
Retirement plan industry stakeholders are asked what objectives and projects the pension insurance agency should prioritize in the years ahead.
PBGC Requests More Time to Collect Multiemployer Merger Information
The agency says it uses information submitted by plan sponsors under the regulation to determine whether mergers and transfers conform...
Labor Secretary Says SEC Will Work With DOL on Fiduciary Rule
In addition, Acosta said the DOL’s budget proposal funds an effort to improve ERISA disclosures to retirement plan participants.