Compliance | July 25th, 2018 Stakeholders Beg Congress to Act on Solvency of Multiemployer Pension Plans Passionate testimony from a Teamster to the Joint Select Committee on the Solvency of Multiemployer Pension Plans appeared to outshine...
Compliance | July 3rd, 2018 PBGC Sets Disaster Relief on IRS Autopilot With some exceptions, PBGC premium payers and data providers can now assume filing relief from the pension insurer in each...
Administration | June 29th, 2018 Administration Basics: What Is a Strategic DB Plan Termination? Experts with cash balance plan design and administration provider Kravitz define the concept of strategic plan termination—what the pros and...
Compliance | June 22nd, 2018 PBGC Asks to Obtain Withdrawal Liability Information from Multiemployer Plans The agency says it needs the information to estimate its multiemployer program liabilities for purposes of its financial statements.
Compliance | June 15th, 2018 Long-Term Loans Seen As Solution for Multiemployer Pension Crisis Senator Sherrod Brown calls it imperative "to find a bipartisan solution to the crisis threatening 1.3 million Americans."
Compliance | June 1st, 2018 PBGC Report Shows Dire Status for Multiemployer Plan Insurance Program The likelihood the program will remain solvent after FY 2026 is now less than 1%.
Compliance | May 25th, 2018 As PBGC Director Works on Pension Crisis, Senators Question Trump’s Decision to Oust Him Reeder recently told the Joint Select Committee on Solvency of Multiemployer Pension Plans that insolvency of the PBGC multiemployer program...
Data and Research | May 21st, 2018 Think Multiemployer Pension Insolvencies Aren’t Your Problem? Tens of thousands of employers in the U.S. contribute to multiemployer pension funds that are in critical and declining status,...
Ask the Experts | May 15th, 2018 (b)lines Ask the Experts – Dealing With Missing Participants “I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
Compliance | April 23rd, 2018 PBGC Modifies Forms and Instructions for Distress Terminations Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and...
Administration | April 20th, 2018 DB Plans Accelerating Contributions Due to Tax Reform This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
Compliance | April 20th, 2018 New Joint Committee Seeks Input on PBGC Solvency, Multiemployer Pensions U.S. Senators Orrin Hatch and Sherrod Brown are seeking public and industry input on ways to improve the solvency of...
Compliance | April 3rd, 2018 PBGC Issues Guidance Designed to Keep Multiemployer Plans Solvent Longer Regarding guidance to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability,...
Compliance | March 6th, 2018 PBGC Issued Proposed Rule on Benefits and Asset Allocations for Terminated Plans The proposed rule would amend PBGC’s benefit payment regulation by replacing the guarantee limitations applicable to substantial owners with a...
Administration | February 26th, 2018 Future Still Offers Incentives for Accelerating Pension Funding DB plan sponsors were already accelerating funding to their plans before tax reform gave them a greater incentive to do...
Administration | January 17th, 2018 Verizon Pensioners Still Want to Recoup ERISA Protections In a followup interview with Jack Cohen, Association of BellTel Retirees chairman, he says his association and others warned the...
Compliance | January 12th, 2018 PBGC Adjusts Penalties for Failure to Provide Information The agency is required to adjust these amounts annually for inflation, but the agency says its goal is to encourage...
Opinions | January 4th, 2018 DB Q&A: Plan Sponsor Pilot Mediation Project Marcia Wagner, founder of The Wagner Law Group, answers questions about the PBGC’s Plan Sponsor Pilot Mediation Project.
Administration | December 27th, 2017 Reducing PBGC Premiums by Splitting Up a DB Plan The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs...
Compliance | December 21st, 2017 PBGC Expands Missing Participants Program Beginning in January, terminating DC plans will have the option of transferring missing participants’ benefits to PBGC instead of establishing...