Compliance | January 11th, 2016 PBGC Issues Final Rule for Multiemployer Plan Partitions The final rule includes minor changes to an interim final rule issued last year in response to public comments.
Compliance | January 8th, 2016 PBGC Releases Modified Reportable Events Forms and Instructions On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events.
Compliance | January 4th, 2016 Some Coal Company Employees Will Get Benefits from PBGC However, a bankruptcy court judge has granted Walter Energy’s request to terminate retiree benefits for union workers.
Compliance | December 17th, 2015 PBGC Premium Filing Instructions Available The agency will post a notice about what's new for practitioners in January.
Opinions | December 7th, 2015 Barry’s Pickings Online: DB/PBGC endgame What happens when premium increases break the current system?
Compliance | November 30th, 2015 PBGC Updates Table for Terminating Plans’ Valuations The agency issued a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary...
Data and Research | November 25th, 2015 Moody’s Predicts PBGC Premiums Will Become Unaffordable The situation looks especially dire for multiemployer pension plans, the ratings agency says.
Compliance | November 17th, 2015 Industry Questions Wisdom of Latest PBGC Rate Hikes One career actuary tells PLANSPONSOR pension plan clients have voiced a range of strong emotions—even a sense of betrayal—after yet...
Compliance | November 17th, 2015 PBGC Programs’ Deficits Continue to Climb The multiemployer program deficit is $52 billion, and the single-employer program deficit is $24 billion.
Compliance | October 30th, 2015 Changes Employers Would See with Budget Bill The Bipartisan Budget Act of 2015 includes a repeal of an ACA provision and extension of pension funding relief, among...
Data and Research | October 28th, 2015 Mortality Bonus and PBGC Premiums Strain DBs It’s happened before and it will happen again—a hike in PBGC premiums and shifting SOA mortality projections have materially raised...
Compliance | October 26th, 2015 PBGC Updates Premium Rates for 2016 The increase in the single-employer rate was provided in The Bipartisan Budget Act of 2013.
Compliance | October 21st, 2015 New PBGC Director Discusses Initiatives The agency is looking for ways to simplify DB plan calculations.
Deals and People | October 9th, 2015 Retirement Industry People Moves and Deals Reeder takes helm at PBGC, and Enhanced Retirement Solutions adopts VMS platform.
Compliance | September 28th, 2015 PBGC Issues New Solvency Projections Modest improvements show in solvency of multiemployer and single-employer programs
Compliance | September 16th, 2015 PBGC Issues Final Rule for eFiling Multiemployer Plan Notices Certain notices to the PBGC must now be filed electronically.
Compliance | September 10th, 2015 PBGC Issues Final Rules for Reportable Events PBGC anticipates about 94% of plans and sponsors will be exempt from many reporting requirements.
Compliance | September 1st, 2015 IRS Offers Up Rules for MPRA-Related Benefit Reductions The IRS published temporary regulations and proposed final regulations governing the process of reducing benefit payments by distressed multiemployer retirement...
Compliance | July 24th, 2015 PBGC Proposes Changes to Reporting Requirements The agency says funding relief prevents it from getting all information it needs to help plans.
Compliance | June 17th, 2015 PBGC Issues Rule About Multiemployer Plan Partitions Bankruptcies need not be imminent to ask PBGC to approve a partition.