Tag: PBGC

The change for paper premium payment checks is effective October 6.

The NYC-based plan will receive about $20 million to restore its solvency through 2051.

The Plasterers and Cement Masons Local No. 94 Pension Fund will see a full restoration of cut benefits.

The pension would have had to cut benefits by 75% upon becoming insolvent.

One plan had been insolvent since 2009, and the grant will include back payments.

The fund had a receiving-to-active participant ratio of nearly 50-to-1 as of 2021.

The proposal would change mortality tables and interest rate calculations.

$182.6 million in SFA money will be distributed to the plan to ensure its solvency to 2051.

Due to unusual market conditions, many 4010 filers will struggle to determine if they are required to file, so the...

The three plans cover more than 30,000 participants across two states and Washington, D.C.

Permissible return seeking assets are normally SEC-registered common stock, and investment grade fixed income includes investment-grade bonds and US treasuries.

The ERISA Advisory Council discussed emerging trends in the annuities market, as well as concerns expressed by sponsors and other...

Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.

The final rule clarifies lump sum payments, de minimis amounts and payments to estates.

Three smaller plans also received SFA assistance.

Interest rates assessed to late payments and discount rates have been adjusted for Q3, the PBGC announced Wednesday.

The New Jersey-based plan’s total aid from the PBGC now exceeds $60 million.

The pensions are in the service, transportation and manufacturing industries.

The PBGC provided SFA assets to two soon-to-be-insolvent pensions, one from New Jersey and one in Pennsylvania.

The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to...