Pace of EBSA Settlements and Plan Corrections Is Strong
“On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...
Tag: Pension Benefit Guaranty Corporation (PBGC)
PBGC Offers Resource for Practitioner Questions
One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce...
Raytheon Transfers Nearly $1B in Pension Obligations to Prudential
Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants,...
Four Multiemployer Pension Plans Apply to Reduce Benefits
They are seeking reductions as high as 50%.
PBGC Changes Address for Pension Insurance Premium Payments
As noted on the updated PBGC website, effective immediately, the federal pension insurance program has a new set of addresses...
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...
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 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...
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.
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."
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%.
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...
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,...
(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...
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...
DB Plans Accelerating Contributions Due to Tax Reform
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli.
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...
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,...
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...
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...