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...
Tag: Pension Benefit Guaranty Corporation (PBGC)
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...
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.
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...