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...
Tag: Pension Benefit Guaranty Corporation
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,...
Four Multiemployer Pension Plans Apply to Reduce Benefits
They are seeking reductions as high as 50%.
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...
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%.
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...
(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...
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...
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,...
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...
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...
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 |
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.
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...
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...
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...
Sears Allowed to Sell Real Estate to Fund Pension
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...
PBGC Tries Mediation for Certain DB Plan Cases
“By providing an alternative dispute resolution option for employers who sponsor ongoing and terminated plans, we expect to save time...
Opinions |
Hospitals Burdened By PBGC Premiums Have Solutions Available
John Lowell, Atlanta-based partner and actuary for October Three, shares solutions for health care organizations to possibly decrease their PBGC...
PBGC Issues Guidance About Active Participant Reduction Reportable Event
A technical update provides an alternative method for determining whether reporting an attrition event to the PBGC is required.