Opinions |
PBGC’s Early Warning Program
Marcia Wagner, founder of The Wagner Law Group, discusses how the Early Warning Program works and what will trigger it.
Tag: PBGC
DB Plan Sponsors Overpaying PBGC Premiums
A change in the recording and timing of contributions could save DB plan sponsors thousands or more in PBGC premiums,...
Vanguard Outlines ‘Last Best Chance’ for DB Plan Lump Sums
New mortality tables mandated by the IRS will go into effect in 2018, and PBGC premiums will only go up...
PBGC and Sears Reach Funding Security Agreement
PBGC explains the additional funding and security for the company's defined benefit pension plans is being provided in connection with...
Benefit Cuts Could Hit More Than One Million Multiemployer Plan Members
PBGC Director Tom Reeder warned of this in an announcement that the agency is providing assistance to yet another multiemployer...
‘Off Budget’ PBGC Premiums Viewed As Essential By DB Industry
When PBGC launched, the flat rate was $1 per participant; now it stands at $64 per participant, indexed to increase...
Trust, Asset Purchaser Not Liable for Termination Liabilities of Single-Employer Plan
A federal court rejected the PBGC’s attempts to recoup termination liabilities from a personal trust and an asset purchaser of...
PBGC Adjusts Penalties for Reporting Failures
The agency issued a final rule effective January 31.
PBGC Lists Triggers for Early Warning Program
The agency regularly monitors single-employer DB plans for signs of potential distress.
2017 Premium Filing Instructions Updated by PBGC
The guidance outlines how plan sponsors must use the My Plan Administration Account portal to electronically submit premium filings in...
PBGC Issues RFI About Alternative Multiemployer Plan Withdrawal Liability Calculation
The agency wants to hear about issues involving a two-pool withdrawal liability method.
PBGC Issues New Table for Use by Involuntarily Terminating DBs
The table is used to determine expected retirement ages for participants.
ERIC Makes Suggestions for PBGC Missing Participants Program
Among other things, ERIC suggests the PBGC extend the program from just terminated DC plans to all DC plans.
PBGC Multiemployer Program Deficit Nearly $60 Billion
However, according to the agency’s Fiscal Year 2016 Annual Report, the single-employer program deficit improved.
Small Pension Plan Sponsors Fully Embrace PRT Transactions
Nearly 85% of pension plans paying PBGC premiums have less than 1,000 participants—so it only makes sense that small plans...
Council Offers Suggestions to Bolster PBGC Multiemployer Plan Program
Among proposals are a change in PBGC premiums and changes in premium structure.
PBGC Updates Website With New Premium Rates
Increases in the premiums for defined benefit plans was provided for in the Bipartisan Budget Act of 2015.
Aligning Stakeholder Interests in Pension Buyouts
A lot of parties are involved in even a modestly sized pension risk transfer deal; aligning their interests, timelines and...
PBGC, Alcoa Reach Agreement to Shore Up Pensions
$150 million in pension contributions will go to the company’s two largest pension plans.
PBGC Reduces Penalties for Late Premium Payments
The agency has issued a final rule implementing changes proposed in April.