Compliance | July 9th, 2021 Regulators Issue Guidance on Multiemployer Plan Assistance PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors...
Compliance | April 7th, 2021 PBGC Simplifies Withdrawal Liability Calculation for Multiemployer Pension Plans The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might...
Compliance | January 4th, 2021 PBGC Announces Settlement to Benefit Multiemployer Pension Plan The agency says the agreement delays the plan’s insolvency date and reduces the expected burden on its multiemployer plan insurance...
Compliance | December 14th, 2020 PBGC Programs in Very Different Positions The single-employer program is improving, but Director Gordon Hartogensis says it’s clear legislative help is needed for the multiemployer program.
Compliance | December 2nd, 2020 DOL Reveals Changes to 2020 Form 5500 Modifications include updates in response to the SECURE Act.
Compliance | November 23rd, 2020 IRS Modifies CARES Act Due Date for DB Plan Contributions The extended due date for contributions could help plan sponsors reduce PBGC variable rate premiums.
Compliance | November 3rd, 2020 PBGC Premiums Getting in the Way of Its Mission Letting the agency set its own premiums and basing them more on risk would encourage the offering and maintenance of...
Compliance | October 26th, 2020 Trump Administration to Look at Pensions Transferred to PBGC A memorandum issued by the president first orders three departments to review the situation for Delphi retirees, then orders a...
Data and Research | October 23rd, 2020 PBGC Reports Effect of Pension Risk Transfers on Its Premium Income The agency could see a premium income loss of $196 million for the 2019 premium payment year, but certain trade-offs...
Compliance | April 14th, 2020 PBGC Extends Certain Premium Payment and Filing Deadlines The action is in response to an IRS extension of some retirement plans’ Form 5500 filing deadlines.
Compliance | March 4th, 2020 DOL, PBGC Announce Searchable Guidance Databases Each database contains, or links to, all the agency’s guidance documents and provides certain information about them.
Compliance | February 14th, 2020 Trump’s 2021 Budget Proposes Increasing Multiemployer PBGC Premiums The premiums would increase by $26 billion over 10 years.
Compliance | January 14th, 2020 First Facilitated Merger of Multiemployer Plans Approved by PBGC Under the Multiemployer Pension Reform Act, if one or more of the plans in the merger is in critical and...
Compliance | January 13th, 2020 PBGC Issues Premium Filing Instructions for 2020 Plan Years Premiums have gone up, and the agency says it has simplified reporting requirements for risk transfer activities.
Compliance | December 10th, 2019 Officials Issue New Items for DB Plan Sponsors The PBGC has issued a final rule regarding pension plans undergoing distress or involuntary termination, and the OSFI has released...
Compliance | November 12th, 2019 PBGC Proposes New Methods for Counting Inactive Multiemployer Plan Participants The PBGC anticipates that providing plans with three available counting methods will allow each plan to choose the one that...
Compliance | October 21st, 2019 PBGC to Assume Responsibility of Health System’s Retirement Plans This protection by the PBGC is one reason for a string of lawsuits that challenge other nonprofit healthcare systems’ retirement...
Compliance | October 16th, 2019 Legislation to Help Multiemployer Plans Reintroduced The bill would funnel money to the PBGC from imposed fees on financial companies seeking a DOL exemption in order...
Compliance | October 14th, 2019 PBGC Announces Premium Rates for 2020 The agency notes that there are no scheduled increases (other than indexing) for years after 2019.
Compliance | September 30th, 2019 PBGC Issues Proposed Rules About Benefit Payments The agency will consider payments prior to plan terminations when calculating benefits, and it proposed to change its assumptions for...