PBGC Asks for Information About DB Plans’ ERISA Coverage
One plan type for which coverage determinations are most frequently requested is church plans, according to the agency.
Tag: PBGC
Butch Lewis Act Said to Only Temporarily Mask Multiemployer Pension Deficits
The Pension Analytics Group says the only solution is to reduce benefits across the board, or many of these plans...
Missing Deadline, Joint Committee Continues Work on Multiemployer Pension Crisis
Senators and co-chairmen Orrin Hatch and Sherrod Brown said they missed their stated deadline for voting on a package of...
PBGC to Provide Financial Assistance to Teamsters Local 805 Multiemployer Plan
The assistance, along with benefit reductions, will help the plan avoid insolvency.
Regulators Release Informational Copies of 2018 Form 5500
Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.
Pension Analytics Group Questions Efficacy of Multiemployer Pension Loans
Findings reported in a new white paper suggest that government-subsidized loans would not be an effective mechanism for preventing multiemployer...
PBGC Asks That More Information Be Added to Reportable Events Filings
The PBGC is proposing in a renewal request that all reportable events filings include controlled group information, company financial statements,...
PBGC Posts 2019 Premium Rates
A table on the PBGC’s website shows that the flat-rate premium for single-employer plans has grown from $31 in 2007...
Managing Growing PBGC Premiums
How do plan sponsors do that, and have they already taken steps to do so?
New PBGC Rules Aimed at Facilitating Multiemployer Plan Mergers
The Pension Benefit Guaranty Corporation says that mergers can protect the benefits earned by workers and retirees and extend the...
PBGC Makes Available 2018 Premium Filing Instructions
The PBGC expanded the examples about how to determine premiums in a year when a plan is involved with a...
Court Finds Personal Trust May Be Liable for Pension Termination Costs
Among other things, a federal appellate court rejected a district court’s decision that the PBGC standards for establishing successor liability...
Mercer Makes Recommendations for Finding Missing Participants
If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could...
PBGC Issues Policy Statement on Multiemployer Plan Withdrawal Liability
The agency identifies information that would be helpful for plan sponsors to provide to help it evaluate proposed alternative terms...
Pace of EBSA Settlements and Plan Corrections Is Strong
“On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...
PBGC Offers Resource for Practitioner Questions
One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce...
PBGC Changes Address for Pension Insurance Premium Payments
As noted on the updated PBGC website, effective immediately, the federal pension insurance program has a new set of addresses...
Stakeholders Beg Congress to Act on Solvency of Multiemployer Pension Plans
Passionate testimony from a Teamster to the Joint Select Committee on the Solvency of Multiemployer Pension Plans appeared to outshine...
PBGC Sets Disaster Relief on IRS Autopilot
With some exceptions, PBGC premium payers and data providers can now assume filing relief from the pension insurer in each...
Administration Basics: What Is a Strategic DB Plan Termination?
Experts with cash balance plan design and administration provider Kravitz define the concept of strategic plan termination—what the pros and...