Tag: Pension Benefit Guaranty Corporation

The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program...

The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.

The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...

As plan sponsors near the deadline for changing how they calculate PBGC premiums, some are considering a change in light...

The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.

The agency has so far approved $7.4 billion under the Special Financial Assistance Program to pension funds covering more than...

The ongoing plan must still separate special financial assistance funds and invest them according to final regulations.

Special Financial Assistance program to date has approved more than $6.2 billion to cover nearly 120,000 participants.

The Special Financial Assistance program funding will cover benefit payments for almost 2,000 participants.

Investment managers point to what might be better strategies for managing defined benefit plan investment risks and PBGC premium costs. 

Former non-union employees of the auto parts maker sought to overturn the Pension Benefit Guaranty Corporation’s decision to terminate their...

The first approved application is from a multiemployer pension plan that was projected to become insolvent by 2022.

A schedule to help plan sponsors track important due dates for their plan

Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are...

The agency is accepting applications before a final rule is published and says any changes will not reduce the amount...

Stakeholders take issue with the permissible investments under the PBGC’s interim final rule, among other things, and even if special...

PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors...

The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might...

The agency says the agreement delays the plan’s insolvency date and reduces the expected burden on its multiemployer plan insurance...

The single-employer program is improving, but Director Gordon Hartogensis says it’s clear legislative help is needed for the multiemployer program.