PBGC Updates XRA Rate Tables, Missing Participants Mortality Assumption
The final rule is effective January 1, 2025.
Tag: Pension Benefit Guaranty Corporation (PBGC)
Pressroom Union Plan to Receive PBGC Financial Assistance
The Pension Benefit Guaranty Corporation to provide $63.7 million for Graphic Communications International Union Pressroom Unions’ Pension Plan..
Benefits |
PBGC to Pay Benefits for St. Joseph Health Services Retirement Plan
The former Rhode Island church plan was underfunded by $88 million and was unable to fund the minimum required pension...
Benefits |
PBGC Reaches 100 SFA Grants to Stricken Pension Funds
In less than 3 years’ time, the Pension Benefit Guaranty Corporation has awarded $69.5 billion through its Special Financial Assistance...
Biden’s Nomination for PBGC Director Withdrawn
President-elect Donald Trump will get to nominate a new candidate for the director position.
Benefits |
Four Distressed Pension Funds Approved for PBGC Grants
Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund.
Benefits |
Midwestern Teamsters Approved for $23.6M PBGC Grant
Money from the Special Financial Assistance Program will help the pension fund, which was projected to become insolvent in 2032.
Benefits |
Carpenters Pension Fund Gets $635M PBGC Grant
Aid to Michigan-based fund will benefit it more than 22,000 participants.
Deadline Approaches for PBGC Premiums
The premium due date for many plan sponsors, as well as the deadline for seeking a refund on 2023 premium...
Benefits |
Ohio Multiemployer Pension Fund Gets $31.6M PBGC Grant
The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.
New England Teamsters Gets Second Largest PBGC Grant Yet
The full amount is $5.7 billion, issued through the federal SFA program.
Single and Multiemployer PBGC Funds Likely to Remain Solvent Through Projection Period
According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.
PBGC Clarifies Investment-Grade Bond Criteria for SFA Funds in FAQ
The update provided examples of securities in aggregate bond indices that would be considered investment-grade fixed-income securities for SFA investments.
Musicians’ Pension Receives $1.5B Grant From PBGC
Without the assistance, the pension fund was predicted to become insolvent in 2034.
White House Announces Nominee for PBGC Director
Deva Kyle, an experienced employee benefits expert, was nominated to become the next director of the Pension Benefit Guaranty Corporation.
Construction Pension Fund With More Than 8,000 Participants Rescued by PBGC
The Kansas plan received a grant of $43.1 million.
PBGC Closer to Receiving Pension Plan Restitution Payments
Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...
Opinions |
Why PBGC’s Flat-Rate Premiums Need to Drop
Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...
PBGC Issues More Than $5B in SFA Grants in One Week
The multiemployer pension funds cover about 200,000 participants.
$8M Repayment of Excess SFA Money Coming From Illinois Multiemployer Pension
The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...