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...
Compliance | February 7th, 2019 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...
Compliance | January 22nd, 2019 PBGC to Take on Sears/Kmart Pension Plans PBGC has worked with Sears for several years to improve funding for the company’s plans.
Compliance | January 2nd, 2019 PBGC Announces New Penalties for Failure to Provide Notices A final rule adjusts penalties for inflation.
Compliance | December 17th, 2018 PBGC 2019 Premium Filing Instructions Available The new instructions include an expanded list of common filing errors.
Compliance | December 13th, 2018 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...
Compliance | December 5th, 2018 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.
Compliance | November 30th, 2018 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...
Compliance | November 21st, 2018 PBGC to Provide Financial Assistance to Teamsters Local 805 Multiemployer Plan The assistance, along with benefit reductions, will help the plan avoid insolvency.
Compliance | November 14th, 2018 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.
Compliance | October 18th, 2018 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,...
Compliance | October 15th, 2018 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...
Compliance | September 6th, 2018 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...
Compliance | September 5th, 2018 Court Finds Personal Trust May Be Liable for Pension Termination Costs Among other things, a federal appellate court rejected a district court’s decision that the PBGC standards for establishing successor liability...
Administration | August 31st, 2018 Mercer Makes Recommendations for Finding Missing Participants If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could...
Compliance | August 30th, 2018 PBGC Issues Policy Statement on Multiemployer Plan Withdrawal Liability The agency identifies information that would be helpful for plan sponsors to provide to help it evaluate proposed alternative terms...
Compliance | August 6th, 2018 Pace of EBSA Settlements and Plan Corrections Is Strong “On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...