Hello, PLANSPONSOR readers! This week’s focus is on defined benefit (DB) plans. The Pension Benefit Guaranty Corporation (PBGC) is proposing some changes to Form 5500 reporting for DB plans. MassMutual has launched a service to gauge DB plan health. Increasing PBGC premiums are leading more DB plan sponsors to accelerate funding to their plans as well as consider de-risking actions. And, speaking of de-risking, a state DB plan is trying a move often reported by corporate pension plan sponsors. In multiemployer plan news, a court has determined that a fund in critical status can impose more than just withdrawal liability on a withdrawing employer. Enjoy this edition of PLANSPONSOR Weekend!
As part of the analysis of pension investments, the PensionSmart Analysis tool can examine different investment “glide path” options to help sponsors achieve specific goals related to funding and liability matching.Read more >
The 11th U.S. Circuit Court of Appeals ultimately determined there is no explicit restriction saying a critical-status multiemployer plan’s board of trustees cannot charge withdrawing employers for their share of the plan’s accumulated funding deficiency.Read more >