The single-employer program, however, has continued to improve since its emergence from a deficit.
Tag: PBGC premiums
The agency has included revised instructions regarding disaster relief to reflect recent changes made to PBGC’s practice.
“The multiemployer insurance program deficit has narrowed, but it clearly won’t keep the program from running out of money,” says PBGC Director Tom Reeder.
DB plan sponsors are using a variety of strategies to manage increasing PBGC premiums, including accelerating funding and implementing pension risk transfer strategies.
The agency included a list of common filing errors and provided details about those errors in a new Appendix.
DB plan sponsor clients may want to consider a strategy to reduce PBGC variable-rate premiums.