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,...
Tag: Pension Benefit Guaranty Corporation (PBGC)
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...
PBGC Asks Permission to Keep Collecting Information on Plan Terminations
The request regards distress terminations and PBGC-initiated terminations of DB plans.
Regulators Announce Modifications to Form 5500
IRS compliance questions have been removed from the form.
Report Highlights Dramatic Multiemployer Insurance Deficit
PBGC data shows the multiemployer program had liabilities of $67.3 billion and assets of $2.2 billion as of September 30,...
CRR Assesses Options for Helping Multiemployer Plans
In an issue brief, researchers for the Center for Retirement Research at Boston College discuss plan partitions, benefits cuts, subsidized...
Sears Allowed to Sell Real Estate to Fund Pension
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...
PBGC Tries Mediation for Certain DB Plan Cases
“By providing an alternative dispute resolution option for employers who sponsor ongoing and terminated plans, we expect to save time...
Opinions |
Hospitals Burdened By PBGC Premiums Have Solutions Available
John Lowell, Atlanta-based partner and actuary for October Three, shares solutions for health care organizations to possibly decrease their PBGC...
PBGC Issues Guidance About Active Participant Reduction Reportable Event
A technical update provides an alternative method for determining whether reporting an attrition event to the PBGC is required.
PBGC Makes Proposals About Plan Terminations
The agency is proposing that termination forms may be filed electronically and that plan sponsors be offered a pre-filing consultation.