PBGC Asks to Obtain Withdrawal Liability Information from Multiemployer Plans
The agency says it needs the information to estimate its multiemployer program liabilities for purposes of its financial statements.
Tag: PBGC
Long-Term Loans Seen As Solution for Multiemployer Pension Crisis
Senator Sherrod Brown calls it imperative "to find a bipartisan solution to the crisis threatening 1.3 million Americans."
PBGC Report Shows Dire Status for Multiemployer Plan Insurance Program
The likelihood the program will remain solvent after FY 2026 is now less than 1%.
As PBGC Director Works on Pension Crisis, Senators Question Trump’s Decision to Oust Him
Reeder recently told the Joint Select Committee on Solvency of Multiemployer Pension Plans that insolvency of the PBGC multiemployer program...
Think Multiemployer Pension Insolvencies Aren’t Your Problem?
Tens of thousands of employers in the U.S. contribute to multiemployer pension funds that are in critical and declining status,...
(b)lines Ask the Experts – Dealing With Missing Participants
“I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
PBGC Modifies Forms and Instructions for Distress Terminations
Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and...
DB Plans Accelerating Contributions Due to Tax Reform
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
New Joint Committee Seeks Input on PBGC Solvency, Multiemployer Pensions
U.S. Senators Orrin Hatch and Sherrod Brown are seeking public and industry input on ways to improve the solvency of...
PBGC Issues Guidance Designed to Keep Multiemployer Plans Solvent Longer
Regarding guidance to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability,...
PBGC Issued Proposed Rule on Benefits and Asset Allocations for Terminated Plans
The proposed rule would amend PBGC’s benefit payment regulation by replacing the guarantee limitations applicable to substantial owners with a...
Future Still Offers Incentives for Accelerating Pension Funding
DB plan sponsors were already accelerating funding to their plans before tax reform gave them a greater incentive to do...
Verizon Pensioners Still Want to Recoup ERISA Protections
In a followup interview with Jack Cohen, Association of BellTel Retirees chairman, he says his association and others warned the...
PBGC Adjusts Penalties for Failure to Provide Information
The agency is required to adjust these amounts annually for inflation, but the agency says its goal is to encourage...
Opinions |
DB Q&A: Plan Sponsor Pilot Mediation Project
Marcia Wagner, founder of The Wagner Law Group, answers questions about the PBGC’s Plan Sponsor Pilot Mediation Project.
Reducing PBGC Premiums by Splitting Up a DB Plan
The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs...
PBGC Expands Missing Participants Program
Beginning in January, terminating DC plans will have the option of transferring missing participants’ benefits to PBGC instead of establishing...
PBGC Amends Regulation on Allocation of Assets in Single-Employer Plans
A final rule provides a new table for determining expected retirement ages for participants in pension plans undergoing distress or...
Court Decision in PBGC Suit Shows Sponsors Have Ultimate Fiduciary Liability
“IHI cannot delegate fully its statutory responsibilities under ERISA,” a federal judge says in her opinion.
Opinions |
Barry’s Pickings Online: The Limits of the “Science” of Prediction
Michael Barry, president of the Plan Advisory Services Group, discusses how the accounting measures for multiemployer plans contributed to their...