Tag: PBGC

Over the next decade, the financial condition of PBGC’s Multiemployer Insurance Program is expected to steadily worsen, leaving very little chance that the program will remain solvent beyond...

Reeder, who is in the middle of his five-year term, has been advocating for changes to help the PBGC’s programs, but the president has nominated Gordon Hartogensis—who, the...

Multiemployer pension plan insolvencies will obviously be harmful to the participants and beneficiaries of the plans in question, but the loss of the significant economic momentum provided by retirees spending...

The agency says this consultation will assist it and the plan sponsor in exploring whether a waiver of one or more filing obligations is appropriate, identifying potential issues...

Under the Bipartisan Budget Act of 2018, the bicameral committee is charged with improving the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation.

The Pension Benefit Guaranty Corporation (PBGC) is issuing guidance to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability.

The amendments to regulations on guaranteed benefits and asset allocation would incorporate statutory changes to the rules for participants with certain ownership interests in a plan sponsor.

However, the agency says it is uncommon for it to assess information penalties.

DB plan sponsor clients may want to consider a strategy to reduce PBGC variable-rate premiums.

A final rule opens the current program to terminated DC plans and small professional service defined benefit plans.

The new table is for single-employer pension plans undergoing distress or involuntary termination with valuation dates falling in 2018.

A federal district court denied a DB plan sponsor's attempt to pass liability for improper plan termination to its plan provider.

The agency has requested that the OMB continue to allow it to do so.

The new forms include important modifications.