PBGC Issues Proposed Rules About Benefit Payments
The agency will consider payments prior to plan terminations when calculating benefits, and it proposed to change its assumptions for...
Tag: PBGC
PBGC Releases New Forms Relating to ERISA Section 4062(e)
In 2014, President Barack Obama signed into law major changes to Section 4062(e), which requires companies with defined benefit (DB)...
Lawmakers Demand Help for Union Pensions
The former Republican Speaker of the House has teamed up with former Representative Joe Crowley to advocate for a solution...
PBGC Multiemployer Program Continues Move Toward Insolvency
PBGC Director Gordon Hartogensis says if Congress fails to act soon then after year 2025, any future revenue to the...
PBGC Updates ERISA Title IV Determination Instructions
The Pension Benefit Guaranty Corporation has published a new form and instructions with the goal of streamlining and simplifying the...
PBGC Proposes Changes to Several Regulations
The proposed rulemaking would make technical corrections, clarifications, and improvements to its regulations on Reportable Events and Certain Other Notification...
Minor Changes to PBGC Reportable Events Instructions Approved
The Office of Management and Budget (OMB) has approved that all reportable events filings include controlled group information, company financial...
PBGC Proposes New Coverage Determination Forms
Plan sponsors may submit a determination of coverage request for four common types of DB plans.
Valuation and Reporting Requirements for Insolvent Multiemployer Plans Amended
A final rule from the Pension Benefit Guaranty Corporation (PBGC) allows smaller plans terminated by mass withdrawal to perform actuarial...
Senate Confirms Gordon Hartogensis as Director of PBGC
Family trust trustee with Senate connections named 16th director of pensions lifeboat.
Pragmatic Strategies to Reduce PBGC Premiums This Year
Pension plan sponsors have taken various actions to reduce their PBGC premiums in the last year, resulting in a decline...
PBGC Gets Administration Support
Among a host of other services, Serco Inc. will operate the Pension Benefit Guaranty Corporation's (PBGC)’s contact center and help...
PBGC Seeks Recovery of Investment Losses for Terminated Retirement Plan
The lawsuit claims owners of Freedom Communications made ill-advised, highly speculative investments which caused the pension plan to lose tens...
PBGC Issues Proposal for Computing Withdrawal Liability Under Multiemployer Plans
The proposed amendments would affect the determination of a withdrawing employer's liability under a multiemployer plan and annual withdrawal liability...
PBGC Makes Pilot Mediation Program Permanent, Adds Fiduciary Disputes
The Pension Benefit Guaranty Corporation has added fiduciary breach cases to the categories of disputes covered by the mediation program.
PBGC to Take on Sears/Kmart Pension Plans
PBGC has worked with Sears for several years to improve funding for the company’s plans.
PBGC Announces New Penalties for Failure to Provide Notices
A final rule adjusts penalties for inflation.
PBGC to Provide Early Financial Assistance to Union Pension
The early financial assistance from PBGC, together with benefit reductions that are required as a condition for receiving assistance, will...
PBGC 2019 Premium Filing Instructions Available
The new instructions include an expanded list of common filing errors.
PBGC Updates Regulation for 2019 Distressed and Terminating DB Plans
A new table will be used for determining expected retirement ages for participants in pension plans undergoing distress or involuntary...