Tag: PBGC premiums

What’s more, the Pension Benefit Guaranty Corporation’s multiemployer fund should remain solvent for at least 40 years.

NIRS offers 6 recommendations for boosting DB use in the private sector, starting with lowering insurance premiums.

The PBGC also released new guarantee tables for different annuity types.

A new address for paper premium payment checks will start October 6.

The variable premiums paid to PBGC would be un-indexed from inflation.

The single-employer program, however, has continued to improve since its emergence from a deficit. 

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.