Compliance | August 17th, 2023 PBGC Looks to Modernize Actuarial Assumptions The proposal would change mortality tables and interest rate calculations.
Compliance | August 16th, 2023 Struggling Ohio Carpenter’s Pension Receives PBGC Aid $182.6 million in SFA money will be distributed to the plan to ensure its solvency to 2051.
Compliance | August 8th, 2023 Some 4010 Pension Filers May Qualify for Reporting Waiver Due to unusual market conditions, many 4010 filers will struggle to determine if they are required to file, so the...
Compliance | August 4th, 2023 Multiemployer Plans in Service, Printing, Manufacturing Receive More Than $1B in Assistance The three plans cover more than 30,000 participants across two states and Washington, D.C.
Compliance | July 24th, 2023 PBGC Issues FAQ on Acceptable SFA Investments Permissible return seeking assets are normally SEC-registered common stock, and investment grade fixed income includes investment-grade bonds and US treasuries.
Compliance | July 18th, 2023 Ownership Structure, Investment Strategies of Annuities Concern Sponsors, ERISA Council Says The ERISA Advisory Council discussed emerging trends in the annuities market, as well as concerns expressed by sponsors and other...
Compliance | July 17th, 2023 Manufacturing, Transportation, Retail Pension Funds Receive PBGC Bailouts Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.
Compliance | July 11th, 2023 PBGC Modifies Benefit Payment Regulations for Terminated Single-Employer Plans The final rule clarifies lump sum payments, de minimis amounts and payments to estates.
Benefits | June 30th, 2023 PBGC Grants More Than $2 Billion to PACE and National Integrated Group Pensions Three smaller plans also received SFA assistance.
Compliance | June 22nd, 2023 PBGC Publishes Q3 Liability, Discount Rates Interest rates assessed to late payments and discount rates have been adjusted for Q3, the PBGC announced Wednesday.
Compliance | May 15th, 2023 Teamsters Local 966 Receives $8 Million in PBGC Supplemental Assistance The New Jersey-based plan’s total aid from the PBGC now exceeds $60 million.
Compliance | May 4th, 2023 PBGC Grants More Than $600 Million to 3 Struggling Pension Funds The pensions are in the service, transportation and manufacturing industries.
Compliance | April 28th, 2023 Bakery Driver, Newspaper Guild Plans Receive SFA Funds The PBGC provided SFA assets to two soon-to-be-insolvent pensions, one from New Jersey and one in Pennsylvania.
Compliance | April 10th, 2023 PBGC Provides More Than $400 Million in Supplemental Funding to New York Teamsters The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to...
Compliance | February 21st, 2023 Transportation, Sheet Metal, Service and Manufacturer Pensions Receive PBGC Assistance Multiemployer pension plans from Baltimore, New York, Puerto Rico and Ohio received a total of $26.7 million of additional assistance.
Compliance | January 31st, 2023 1 New York, 2 Michigan Pension Plans Receive PBGC Assistance The three supplemental SFA packages provide a total of more than $200 million.
Compliance | January 27th, 2023 Ironworker and Plasterer Pension Funds Receive SFA Assistance From PBGC The two construction pension plans will receive more than $70 million in combined funds.
Compliance | January 18th, 2023 Special Financial Assistance Provided to 2 Additional Union Pensions The two union pensions, one in transportation and the other in graphic communications, will receive more than $100 million in...
Compliance | December 22nd, 2022 Plan Sponsors That Like Saving Money Get Good News on Variable-Rate Premiums If SECURE 2.0 passes, PBGC would stop increasing the rate.
Compliance | December 13th, 2022 2023 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan