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...
Compliance | September 20th, 2019 PBGC Releases New Forms Relating to ERISA Section 4062(e) In 2014, President Barack Obama signed into law major changes to Section 4062(e), which requires companies with defined benefit (DB)...
Compliance | June 26th, 2019 PBGC Proposes Changes to Several Regulations The proposed rulemaking would make technical corrections, clarifications, and improvements to its regulations on Reportable Events and Certain Other Notification...
Compliance | May 13th, 2019 Minor Changes to PBGC Reportable Events Instructions Approved The Office of Management and Budget (OMB) has approved that all reportable events filings include controlled group information, company financial...
Compliance | May 10th, 2019 PBGC Proposes New Coverage Determination Forms Plan sponsors may submit a determination of coverage request for four common types of DB plans.
Compliance | May 6th, 2019 Valuation and Reporting Requirements for Insolvent Multiemployer Plans Amended A final rule from the Pension Benefit Guaranty Corporation (PBGC) allows smaller plans terminated by mass withdrawal to perform actuarial...
Deals and People | May 6th, 2019 Senate Confirms Gordon Hartogensis as Director of PBGC Family trust trustee with Senate connections named 16th director of pensions lifeboat.
Compliance | March 8th, 2019 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...
Compliance | February 28th, 2019 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...