Tag: Pension Benefit Guaranty Corporation (PBGC)

A final rule provides a new table for determining expected retirement ages for participants in pension plans undergoing distress or...

“IHI cannot delegate fully its statutory responsibilities under ERISA,” a federal judge says in her opinion.

Michael Barry, president of the Plan Advisory Services Group, discusses how the accounting measures for multiemployer plans contributed to their...

The request regards distress terminations and PBGC-initiated terminations of DB plans.

IRS compliance questions have been removed from the form.

PBGC data shows the multiemployer program had liabilities of $67.3 billion and assets of $2.2 billion as of September 30,...

In an issue brief, researchers for the Center for Retirement Research at Boston College discuss plan partitions, benefits cuts, subsidized...

According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...

“By providing an alternative dispute resolution option for employers who sponsor ongoing and terminated plans, we expect to save time...

John Lowell, Atlanta-based partner and actuary for October Three, shares solutions for health care organizations to possibly decrease their PBGC...

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.

The relief applies to PBGC premiums, single-employer plan terminations, reportable event notices, annual employer reporting, requests for reconsideration or appeals...

The agency is proposing two modifications for multiemployer plans and one modification for single-employer plans.

“Companies feel that the time is right to reduce or eliminate their pension funding shortfalls.” says Matt McDaniel, partner, Mercer.

The PBGC and DOL also are providing relief similar to that provided to Hurricane Harvey victims.

The agency says the financial assistance, together with benefit reductions that are required as a condition for receiving PBGC assistance,...

If IRS adds additional disaster areas in connection with its own filing extensions, any person responsible for meeting a PBGC...

The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved,...

However, the single-employer program is likely to eliminate its deficit within the next three to seven years.