Pensions
PBGC Updates Premium Rates, Guarantee Limits for 2027
Both measures will rise slightly more than inflation next year.
Tag: PBGC
Regulation
Wagner Law Group Pushes for Changes to PBGC Penalty Proposal
The law group argues revisions are needed to avoid increasing administrative burdens that are pressuring the shrinking defined benefit market.
Regulation
PBGC Makes Coverage Assessments for Prospective Pension Plans Permanent
The new program will allow employers to seek guidance on PBGC insurance coverage before establishing a defined benefit plan.
Regulation
PBGC Reaffirms Limits of Pension Insurance in First Opinion Letter in 24 Years
The agency also clarified that certain annuity buyouts do not trigger a reportable event.
Regulation
PBGC to Pay Full Pensions for First Brands’ Workers
First Brands had terminated its pension plan, so the federal agency stepped in to ensure retirees receive their full benefits.
Regulation
PBGC Proposes Technical Changes to Special Financial Assistance Program
The agency seeks to clarify investment rules, streamline withdrawal liability settlements and eliminate a contribution reallocation exception.
News
PBGC Releases New Guidance on Pension Plan Mergers Involving Federal Relief Funds
The agency added FAQs providing new detail on merger approvals, withdrawal liability calculations and post-merger restrictions.
Regulation
PBGC Initiates ‘Friend of the Court’ Program
The Pension Benefit Guaranty Corporation's project aims to help private parties in cases that could have broader implications for defined benefit pensions.
Pensions
Investment Gains Fuel Fifth Straight Year of Asset Growth in PBGC Pension Insurance Programs
The agency’s single-employer and multiemployer programs reported positive net positions of $62.2 billion and $2.6 billion, respectively.
Newsmakers
Janet Dhillon Confirmed by Senate as PBGC Director
Dhillon was confirmed in a block of 108 appointees to various federal departments and agencies.
Pensions
2nd Circuit Vacates PBGC’s Denial of SFA Funds for NYC Pension
The Pension Benefit Guaranty Corporation had argued that the pension was not entitled to funds because it had already been terminated.
Newsmakers
PBGC Director Nominee Janet Dhillon Clears Senate HELP Committee
The Senate Committee on Health, Education, Labor and Pensions voted 12-11 to advance Dhillon's nomination to the full Senate.
Newsmakers
Dhillon Nominated to Lead PBGC
The former Equal Employment Opportunity Commission chair under President Donald Trump is now expected to lead the Pension Benefit Guaranty Corporation.
Pensions
PBGC’s SFA Program Boosts Multiemployer Funded Level to 97%
Without the $16 billion in special financial assistance from the Pension Benefit Guaranty Corporation, the plans’ funded level would have ended 2024 stagnant, per Milliman study.
Pensions
PBGC Approves $868.6M SFA Grant to Unite Here Retirement Fund
The White Plains, New York-based plan covers 91,744 participants in the hospitality industry.