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In some circumstances, plan trustees can adopt a different formula, subject to Pension Benefit Guaranty Corporation, a federal agency, approval. [read post]
3 Feb 2020, 11:02 am by Sabrina I. Pacifici
According to the report, under current law, the Highway Trust Fund will be insolvent by 2022, the Pension Benefit Guaranty Corporation Multiemployer Trust Fund by 2025, the Medicare Hospital Insurance Trust Fund (Medicare Part A) by 2026, the Social Security Old-Age and Survivors Insurance Trust Fund (OASI) by 2034, and the Social Security Disability Insurance Trust Fund (SSDI) by 2052…GAO’s report is yet another reminder of the precarious financial… [read post]
14 Jan 2020, 8:02 am by Dana Muir
” He pressed Joshi on whether the Pension Benefit Guaranty Corporation’s guarantee of defined-benefit plan benefits should be a consideration in determining whether sufficient risk of harm exists. [read post]
3 Oct 2019, 3:00 am by Biglaw Investor
Being Unaware of Firm Benefits I’m always surprised when I discover a lawyer that isn’t aware of the firm’s entire benefits package. [read post]
27 Aug 2019, 9:41 pm by Adam Levitin
(the parent company) benefits from limited liability vis-a-vis its subsidiaries, as the parent corporation is the shareholder of the subsidiaries. [read post]
12 Jul 2019, 2:00 am by Jane Meacham, Contributing Editor
Changes in mortality tables that reflect increasing longevity, higher interest rates, and rising Pension Benefit Guaranty Corporation (PBGC) premiums for DB plans all give corporate plan sponsors incentives to consider shedding pension liabilities, as executives perceive that the cost to retain the liabilities outweighs the benefits. [read post]
22 May 2019, 1:10 pm by Aurora Barnes
§ 1303(f) for the Pension Benefit Guaranty Corporation’s breaches of fiduciary duties. [read post]
4 Apr 2019, 2:00 am by Paul Protos, Contributing Editor
Addressing lost participants is now being emphasized by each of the agencies overseeing retirement plan regulation: the IRS, DOL and the Pension Benefit Guaranty Corporation (PBGC). [read post]
26 Mar 2019, 2:04 pm by Mark Astarita
Serrano served as an attorney in the General Counsel’s Office of the Pension Benefit Guaranty Corporation (PBGC), where she advised on government ethics and administrative law matters. [read post]
12 Mar 2019, 6:17 am
The Pension Benefit Guaranty Corporation (PBGC) recently proposed amendments to the regulations that govern how multiemployer plans calculate withdrawal liability. [read post]
19 Jan 2019, 6:00 am by Doug Cornelius
Serrano served as an attorney in the General Counsel’s Office of the Pension Benefit Guaranty Corporation (PBGC), where she advised on government ethics and administrative law matters. [read post]
4 Jan 2019, 2:00 am by Jane Meacham, Contributing Editor
Pension plan sponsors lately have come to expect an increase in their bill for Pension Benefit Guaranty Corporation (PBGC) premiums as each new plan year begins, and 2019 is no different. [read post]
17 Dec 2018, 2:00 am by Jane Meacham, Contributing Editor
The balance sheet for the Pension Benefit Guaranty Corporation’s (PBGC) single-employer plan moved into the black in the latest fiscal year (FY) to continue a trend of better results, but the multiemployer plan remains in deficit and at risk of insolvency in as few as 7 years, according to the agency’s FY 2018 Annual Report. [read post]
14 Dec 2018, 2:00 am by Jane Meacham, Contributing Editor
Soaring equity prices and low interest rates have influenced investments; rising Pension Benefit Guaranty Corporation (PBGC) premiums, artificially smoothed discount rates, and increasing settlement activity also have affected pensions. [read post]
31 Oct 2018, 6:23 pm by Zamansky
PBGC Fraud Alerts The Pension Benefit Guaranty Corporation (PBGC) is the federal government agency responsible for protecting employees who participate in private-sector pension plans. [read post]
7 Sep 2018, 2:00 am by Jim Davis
PBGC Proposals for Terminated Plans In other regulatory news for DB plans, on July 16, the Pension Benefit Guaranty Corporation (PBGC) published proposed regulations that would change reporting and disclosure requirements for terminated and insolvent multiemployer pension plans in several ways. [read post]
7 Sep 2018, 2:00 am by Jim Davis
PBGC Proposals for Terminated Plans In other regulatory news for DB plans, on July 16, the Pension Benefit Guaranty Corporation (PBGC) published proposed regulations that would change reporting and disclosure requirements for terminated and insolvent multiemployer pension plans in several ways. [read post]