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...
Compliance | July 30th, 2018 PBGC Offers Resource for Practitioner Questions One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce...
Administration | July 27th, 2018 Raytheon Transfers Nearly $1B in Pension Obligations to Prudential Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants,...
Administration | July 27th, 2018 Four Multiemployer Pension Plans Apply to Reduce Benefits They are seeking reductions as high as 50%.
Compliance | July 25th, 2018 PBGC Changes Address for Pension Insurance Premium Payments As noted on the updated PBGC website, effective immediately, the federal pension insurance program has a new set of addresses...
Compliance | June 1st, 2018 PBGC Report Shows Dire Status for Multiemployer Plan Insurance Program The likelihood the program will remain solvent after FY 2026 is now less than 1%.
Compliance | May 25th, 2018 As PBGC Director Works on Pension Crisis, Senators Question Trump’s Decision to Oust Him Reeder recently told the Joint Select Committee on Solvency of Multiemployer Pension Plans that insolvency of the PBGC multiemployer program...
Ask the Experts | May 15th, 2018 (b)lines Ask the Experts – Dealing With Missing Participants “I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
Compliance | April 23rd, 2018 PBGC Modifies Forms and Instructions for Distress Terminations Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and...
Compliance | April 3rd, 2018 PBGC Issues Guidance Designed to Keep Multiemployer Plans Solvent Longer Regarding guidance to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability,...
Compliance | March 6th, 2018 PBGC Issued Proposed Rule on Benefits and Asset Allocations for Terminated Plans The proposed rule would amend PBGC’s benefit payment regulation by replacing the guarantee limitations applicable to substantial owners with a...
Administration | February 26th, 2018 Future Still Offers Incentives for Accelerating Pension Funding DB plan sponsors were already accelerating funding to their plans before tax reform gave them a greater incentive to do...
Compliance | January 12th, 2018 PBGC Adjusts Penalties for Failure to Provide Information The agency is required to adjust these amounts annually for inflation, but the agency says its goal is to encourage...
Opinions | January 4th, 2018 DB Q&A: Plan Sponsor Pilot Mediation Project Marcia Wagner, founder of The Wagner Law Group, answers questions about the PBGC’s Plan Sponsor Pilot Mediation Project.
Administration | December 27th, 2017 Reducing PBGC Premiums by Splitting Up a DB Plan The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs...
Compliance | December 21st, 2017 PBGC Expands Missing Participants Program Beginning in January, terminating DC plans will have the option of transferring missing participants’ benefits to PBGC instead of establishing...
Compliance | December 20th, 2017 PBGC Amends Regulation on Allocation of Assets in Single-Employer Plans A final rule provides a new table for determining expected retirement ages for participants in pension plans undergoing distress or...