Tag: Pension Benefit Guaranty Corporation (PBGC)

The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...

The construction pension fund was 30.25% funded at the end of 2022.

Federal agencies are looking for comments on how to make overall improvements to the current disclosure and reporting system. 

The PBGC is accepting nominations until February 16 for a member to represent the general public.

The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...

A schedule to help plan sponsors track important due dates for their plans.

Schedules DCG and H, among others, will be modified for disclosures filed next year.

This could be a reason to lower premiums, though insurance conditions have been volatile before.

The 4044/4050 tables are used to calculate withdrawal liability and missing participant program transfer amounts.

The plan applied for special financial assistance but was denied because the pension fund had previously been terminated.

The plan of 3,887 participants will remain solvent through 2051.

The bucket recipients can use for stock investments is not being filled due to the attractiveness of investment-grade assets.

Guarantee levels for single-employer plans will rise with inflation, but multiemployer plans are not indexed.

The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...

The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.

The change for paper premium payment checks is effective October 6.

The NYC-based plan will receive about $20 million to restore its solvency through 2051.

The Plasterers and Cement Masons Local No. 94 Pension Fund will see a full restoration of cut benefits.

The pension would have had to cut benefits by 75% upon becoming insolvent.

One plan had been insolvent since 2009, and the grant will include back payments.