New PBGC Director Discusses Initiatives
The agency is looking for ways to simplify DB plan calculations.
Tag: Pension Benefit Guaranty Corporation (PBGC)
Retirement Industry People Moves and Deals
Reeder takes helm at PBGC, and Enhanced Retirement Solutions adopts VMS platform.
PBGC Issues New Solvency Projections
Modest improvements show in solvency of multiemployer and single-employer programs
PBGC Issues Final Rule for eFiling Multiemployer Plan Notices
Certain notices to the PBGC must now be filed electronically.
PBGC Issues Final Rules for Reportable Events
PBGC anticipates about 94% of plans and sponsors will be exempt from many reporting requirements.
IRS Offers Up Rules for MPRA-Related Benefit Reductions
The IRS published temporary regulations and proposed final regulations governing the process of reducing benefit payments by distressed multiemployer retirement...
PBGC Proposes Changes to Reporting Requirements
The agency says funding relief prevents it from getting all information it needs to help plans.
PBGC Issues Rule About Multiemployer Plan Partitions
Bankruptcies need not be imminent to ask PBGC to approve a partition.
PBGC Will Pay U.S. Airways Pilots for Delayed Pension Payments
The agency agreed to a $5.25 million class action settlement.
New York State Moves to Create Its Own PRT Standards
Legislation in the New York State Senate and Assembly would provide protections and new disclosures for retirees whose pension assets...
PBGC Proposes Electronic Filing for Multiemployer Plan Notices
The PBGC says electronic filing of certain notices required by multiemployer plans would result in greater efficiencies for the government.
PBGC Revising Reportable Events Forms
The PBGC is requesting that OMB extend approval of collections of information about certain reportable events until final rules can...
Benefits |
Failing Multiemployer Plans Face More Reduced Benefits
PBGC multiemployer plan benefit guarantees will cover a smaller share of benefits in future plan failures, a study shows.
PBGC, IRS Request Input on Multiemployer Plan Guidance
The PBGC and the IRS have issued requests for information to help them with issuing guidance about the Multiemployer Pension...
Sponsors Active on Pension Risk and DC Cost Cutting
An Aon Hewitt survey of pension plan sponsors finds almost two in three could take direct action to curb risks...
PBGC Gets Financial Boost for Safeway Pension
The largest pension of grocery chain Safeway received $212 million in contributions.
PBGC Takes Shut-Down Oil Refinery’s Plan
The PBGC will assume responsibility for retirement benefits for Hovensa employees.
EBSA Issues Final Regs on Annual DB Funding Notices
The Department of Labor’s Employee Benefits Security Administration says a new disclosure rule will ensure workers receive annual funded status...
Post-Termination Plan Amendment Impermissibly Reduced Payments
A federal appellate court has agreed with the PBGC that a retirement plan amendment adopted after the plan’s termination impermissibly...
PBGC to Begin Requesting Pension Risk Transfer Information
The PBGC is revising its premium filing procedures to require reporting of pension risk transfer actions.