No lever alone is enough to close the pension funding gap, according to a report from Cambridge Associates.
Tag: DB plans
The request regards distress terminations and PBGC-initiated terminations of DB plans.
The tables are to be used for determining contributions to DB plans and permitted disparity in DC plan contributions.
Those tracking S&P plans estimate a slight decrease in or flat pension funding ratio, while other estimate a slight increase. Most agree funding is up for the year.
The group says it has considered moving from a DB plan for clergy to a DC plan and concluded that doing so “would be irresponsible.”
“Do the Experts have any Treats for us this Halloween, or only Tricks?”
NEPC says pension plan sponsors' expected returns are unrealistic.
Funded status of the typical corporate pension plan increased by 1% or 2% over the quarter, depending on the model tracked.
“By providing an alternative dispute resolution option for employers who sponsor ongoing and terminated plans, we expect to save time and money for both the government and our stakeholders,” says PBGC Director Tom Reeder.
Asset managers that monitor DB plan funded status found 1% through 1.3% increases last month.
In a statement, ERIC said it is pleased the agency took into account its request for flexibility for DB plan sponsors to potentially delay for one year the use of the new mortality tables for purposes of satisfying minimum funding standards.
Researchers examine three levers that defined benefit plans can use to enhance portfolio outcomes in a low-interest-rate environment.
A technical update provides an alternative method for determining whether reporting an attrition event to the PBGC is required.
The agency is proposing that termination forms may be filed electronically and that plan sponsors be offered a pre-filing consultation.
Aon shows only 6% of U.S. corporate DB plan obligations have actually been settled since 2012.
The relief applies to PBGC premiums, single-employer plan terminations, reportable event notices, annual employer reporting, requests for reconsideration or appeals and multiemployer plan deadlines.
The relief is available for plan years beginning before 2019.