DOL Releases Informational Copies of 2024 Form 5500s
The instruction updates include how to report on pension-linked emergency savings accounts.
Tag: PBGC
PBGC Single-Employer Insurance Fund Tracking for $71.6B Surplus in 2033
What’s more, the Pension Benefit Guaranty Corporation’s multiemployer fund should remain solvent for at least 40 years.
White House Announces Nominee for PBGC Director
Employee benefits attorney Deva Kyle was tapped by the Biden administration to head the Pension Benefit Guaranty Corporation.
Ann Orr Replaces Gordon Hartogensis as PBGC Acting Director
Hartogensis’ term expired at the end of April.
A Road Map for Congress to Increase DB Plan Use
NIRS offers 6 recommendations for boosting DB use in the private sector, starting with lowering insurance premiums.
Regulators Seek Comment on ERISA Disclosure Requirements
The IRS, PBGC and EBSA are accepting suggestions on how to simplify disclosures to benefit fiduciaries and participants.
DOL Releases Informational Copies of 2023 Form 5500s
The disclosure forms have been updated for 2023 filings to be completed in 2024.
PBGC Releases 2024 Mortality Tables
The data inform potential withdrawal liabilities and benefit transfer amounts under ERISA.
New PBGC Guarantee Levels, Premiums Announced for 2024
The PBGC also released new guarantee tables for different annuity types.
PBGC Notes Address Change for Delivery of Checks
A new address for paper premium payment checks will start October 6.
PBGC Reports Program Solvency and Surplus
Industry experts seek scaling back of premiums as the pension insurance agency expects to remain solvent long into the future.
House Spending Bill Would Block EBSA’s ESG Rule, but Senate’s Would Not
Congress has until September 30 to pass a budget bill.
ERISA Advisory Council Highlights Trends in Pension Risk Transfers
PRTs are trending upward, but their relationship with private equity and non-traditional investments is drawing more scrutiny.
Variable-Rate Premiums To Be Capped by SECURE 2.0
The variable premiums paid to PBGC would be un-indexed from inflation.
PBGC Provides $32.7 Million to Struggling Bricklayers Pension
The Akron, Ohio-based multiemployer plan had been providing benefits to nearly 400 participants at below half the level it was...
What Is the DOL’s Plan If the Government Shuts Down?
Like most organs of the federal government, the Labor Department maintains an explicit policy for government shutdowns as a consequence...
Union Pension in Puerto Rico Latest to Receive PBGC Relief
With its latest relief payment, the Pension Benefit Guaranty Corporation has now distributed more than $7.5 billion to stressed union...
IRS Rules on Mergers Involving DB Plans That Have Received SFA
If a plan that received special financial assistance merges with an ongoing plan, the ongoing plan is not considered to be in critical status.
PBGC’s Final Union Pension Relief Rule Praised—and Questioned
Sources agree that the final updates made to the Special Financial Assistance program for severely stressed union pensions are helpful,...
PBGC Issues Final Rule for Stressed Union Pension Payments
To date, the Pension Benefit Guaranty Corporation’s multiemployer pension support program has operated on an interim rule and has protected nearly 130,000 individuals’ pension benefits across some 560...