Administration | April 8th, 2022 DB Plan Sponsors Might Want to Press Pause on Pursuing PRT Investment managers point to what might be better strategies for managing defined benefit plan investment risks and PBGC premium costs.
Compliance | January 19th, 2022 Supreme Court Declines Review of Delphi Pension Case Former non-union employees of the auto parts maker sought to overturn the Pension Benefit Guaranty Corporation’s decision to terminate their...
Compliance | December 22nd, 2021 PBGC Greenlights Funds for First Special Assistance Application The first approved application is from a multiemployer pension plan that was projected to become insolvent by 2022.
Compliance | December 15th, 2021 2022 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Administration | November 29th, 2021 Reasons Not to Use Pension Funding Relief Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are...
Compliance | September 22nd, 2021 PBGC Addresses Multiemployer Plan SFA Applications Received Before Final Rule The agency is accepting applications before a final rule is published and says any changes will not reduce the amount...
Administration | September 3rd, 2021 Will Multiemployer Plan Financial Assistance Work? Stakeholders take issue with the permissible investments under the PBGC’s interim final rule, among other things, and even if special...
Compliance | July 9th, 2021 Regulators Issue Guidance on Multiemployer Plan Assistance PBGC has issued an interim final rule addressing assistance requirements, and the IRS has released a notice for plan sponsors...
Compliance | April 7th, 2021 PBGC Simplifies Withdrawal Liability Calculation for Multiemployer Pension Plans The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might...
Compliance | January 4th, 2021 PBGC Announces Settlement to Benefit Multiemployer Pension Plan The agency says the agreement delays the plan’s insolvency date and reduces the expected burden on its multiemployer plan insurance...
Compliance | December 14th, 2020 PBGC Programs in Very Different Positions The single-employer program is improving, but Director Gordon Hartogensis says it’s clear legislative help is needed for the multiemployer program.
Compliance | December 2nd, 2020 DOL Reveals Changes to 2020 Form 5500 Modifications include updates in response to the SECURE Act.
Compliance | November 23rd, 2020 IRS Modifies CARES Act Due Date for DB Plan Contributions The extended due date for contributions could help plan sponsors reduce PBGC variable rate premiums.
Compliance | November 3rd, 2020 PBGC Premiums Getting in the Way of Its Mission Letting the agency set its own premiums and basing them more on risk would encourage the offering and maintenance of...
Compliance | October 26th, 2020 Trump Administration to Look at Pensions Transferred to PBGC A memorandum issued by the president first orders three departments to review the situation for Delphi retirees, then orders a...
Data and Research | October 23rd, 2020 PBGC Reports Effect of Pension Risk Transfers on Its Premium Income The agency could see a premium income loss of $196 million for the 2019 premium payment year, but certain trade-offs...
Compliance | April 14th, 2020 PBGC Extends Certain Premium Payment and Filing Deadlines The action is in response to an IRS extension of some retirement plans’ Form 5500 filing deadlines.
Compliance | March 4th, 2020 DOL, PBGC Announce Searchable Guidance Databases Each database contains, or links to, all the agency’s guidance documents and provides certain information about them.
Compliance | February 14th, 2020 Trump’s 2021 Budget Proposes Increasing Multiemployer PBGC Premiums The premiums would increase by $26 billion over 10 years.
Compliance | January 14th, 2020 First Facilitated Merger of Multiemployer Plans Approved by PBGC Under the Multiemployer Pension Reform Act, if one or more of the plans in the merger is in critical and...