Compliance | March 6th, 2018 PBGC Issued Proposed Rule on Benefits and Asset Allocations for Terminated Plans The proposed rule would amend PBGC’s benefit payment regulation by replacing the guarantee limitations applicable to substantial owners with a...
Administration | February 26th, 2018 Future Still Offers Incentives for Accelerating Pension Funding DB plan sponsors were already accelerating funding to their plans before tax reform gave them a greater incentive to do...
Compliance | January 12th, 2018 PBGC Adjusts Penalties for Failure to Provide Information The agency is required to adjust these amounts annually for inflation, but the agency says its goal is to encourage...
Opinions | January 4th, 2018 DB Q&A: Plan Sponsor Pilot Mediation Project Marcia Wagner, founder of The Wagner Law Group, answers questions about the PBGC’s Plan Sponsor Pilot Mediation Project.
Administration | December 27th, 2017 Reducing PBGC Premiums by Splitting Up a DB Plan The idea is to put participants with lesser unfunded vested benefits (UVBs) in one plan, and those with greater UVBs...
Compliance | December 21st, 2017 PBGC Expands Missing Participants Program Beginning in January, terminating DC plans will have the option of transferring missing participants’ benefits to PBGC instead of establishing...
Compliance | December 20th, 2017 PBGC Amends Regulation on Allocation of Assets in Single-Employer Plans A final rule provides a new table for determining expected retirement ages for participants in pension plans undergoing distress or...
Compliance | November 9th, 2017 Sears Allowed to Sell Real Estate to Fund Pension According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the...
Compliance | October 18th, 2017 PBGC Tries Mediation for Certain DB Plan Cases “By providing an alternative dispute resolution option for employers who sponsor ongoing and terminated plans, we expect to save time...
Opinions | October 16th, 2017 Hospitals Burdened By PBGC Premiums Have Solutions Available John Lowell, Atlanta-based partner and actuary for October Three, shares solutions for health care organizations to possibly decrease their PBGC...
Compliance | October 3rd, 2017 PBGC Issues Guidance About Active Participant Reduction Reportable Event A technical update provides an alternative method for determining whether reporting an attrition event to the PBGC is required.
Compliance | October 2nd, 2017 PBGC Makes Proposals About Plan Terminations The agency is proposing that termination forms may be filed electronically and that plan sponsors be offered a pre-filing consultation.
Compliance | September 26th, 2017 PBGC Announces Relief Due to Hurricane Maria The relief applies to PBGC premiums, single-employer plan terminations, reportable event notices, annual employer reporting, requests for reconsideration or appeals...