Tag: Pension Benefit Guaranty Corporation

Legislative and Judicial Actions

The SEC favors proxy voting advice rule amendments; the PBGC issues final rule implementing the Special Financial Assistance program; appeals court rules in favor of defendants in CommonSpririt Health ERISA lawsuit; and more.

Legislative and Judicial Actions

Financial assistance for multiemployer plans; faith-based entities may now benefit from the public student loan forgiveness program; FINRA project examines how regulators can support diversity; and more.

Plan Sponsors Using PBGC Lump-Sum Assumptions May See Changes

The agency has issued proposed rules on Benefits Payable in Terminated Single-Employer Plans and Allocation of Assets in Single-Employer Plans, as well as the assumptions PBGC uses to determine de minimis lump sum benefits in PBGC-trusteed terminated single-employer defined benefit (DB) pension plans.