Download or read book Premium Rates Payment of Premiums Variable Rate Premium Pension Protection Act of 2006 Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-26 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Premium Rates - Payment of Premiums - Variable-Rate Premium - Pension Protection Act of 2006 (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Premium Rates - Payment of Premiums - Variable-Rate Premium - Pension Protection Act of 2006 (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 This is a final rule to amend PBGC's regulations on Premium Rates and Payment of Premiums. The amendments implement provisions of the Pension Protection Act of 2006 (Pub. L. 109-280) that change the variable-rate premium for plan years beginning on or after January 1, 2008, and make other changes to the regulations. (Other provisions of the Pension Protection Act of 2006 that deal with PBGC premiums are the subject of separate rulemaking proceedings.) This book contains: - The complete text of the Premium Rates - Payment of Premiums - Variable-Rate Premium - Pension Protection Act of 2006 (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book Premium Rates Payment of Premiums Flat Premium Rates Variable Rate Premium Cap and Termination Premium Deficit Reduction Act of 2005 Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-26 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Premium Rates - Payment of Premiums - Flat Premium Rates, Variable-Rate Premium Cap, and Termination Premium - Deficit Reduction Act of 2005 (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Premium Rates - Payment of Premiums - Flat Premium Rates, Variable-Rate Premium Cap, and Termination Premium - Deficit Reduction Act of 2005 (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 This is a final rule to amend PBGC's regulations on Premium Rates and Payment of Premiums to implement certain provisions of the Deficit Reduction Act of 2005 (Pub. L. 109-171) and the Pension Protection Act of 2006 (Pub. L. 109-280) that are effective beginning in 2006 or 2007. The provisions implemented by this rule change the flat premium rate, cap the variable-rate premium in some cases, and create a new "termination premium" that is payable in connection with certain distress and involuntary plan terminations. This rule does not address other provisions of the Pension Protection Act of 2006 that deal with PBGC premiums. This book contains: - The complete text of the Premium Rates - Payment of Premiums - Flat Premium Rates, Variable-Rate Premium Cap, and Termination Premium - Deficit Reduction Act of 2005 (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book Premium Rates Payment of Premiums Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-26 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Premium Rates - Payment of Premiums (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Premium Rates - Payment of Premiums (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 The Pension Benefit Corporation (PBGC) is making its premium rules more effective and less burdensome. Based on its regulatory review under Executive Order 13563 (Improving Regulation and Regulatory Review), PBGC proposed to simplify due dates, coordinate the due date for terminating plans with the termination process, make conforming and clarifying changes to the variable-rate premium rules, give small plans more time to value benefits, provide for relief from penalties, and make other changes. PBGC recently finalized the part of the proposal that eliminated the early payment requirement for large plans' flat-rate premiums. This action finalizes the rest of the proposal. This book contains: - The complete text of the Premium Rates - Payment of Premiums (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book Annual Premium Payment Package written by Pension Benefit Guaranty Corporation and published by . This book was released on 1989 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Insurance Data Book written by and published by . This book was released on 1997 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimated premium payment package written by Pension Benefit Guaranty Corporation and published by . This book was released on 1995* with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book PBGC Proposal to Initiate a Variable Rate Premium System and Public Comments on Administration s Pension Plan Funding and Premium Rate Proposals written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1988 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Benefit Guaranty Corporation Redesigned Premium Structure Could Better Align Rates with Risk from Plan Sponsors GAO 13 58 written by U. s. Government Accountability Office and published by Createspace Independent Pub. This book was released on 2013-03-15 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various options are available to make the Pension Benefit Guaranty Corporation's (PBGC) premium structure more risk-based and better reflect the risk of future claims. Historically, PBGC's premiums have not fully reflected the risks PBGC insures against--chiefly that a plan sponsor with an underfunded plan will become bankrupt, forcing the termination of the plan and imposing a claim on PBGC. PBGC's current structure relies largely on a flat-rate premium that is based on the number of plan participants and that assesses rates equally per plan participant across all sponsors. PBGC also charges a variable-rate premium that is based on just one risk factor, plan underfunding. One available option is to further increase rates within this current structure; however, plan underfunding alone is a poor proxy for the risk of new claims. An alternative option is to redesign premiums to incorporate additional risk factors, such as a sponsor's financial strength (as currently being explored by PBGC) or a plan's investment strategy (as is currently done in the United Kingdom). Moving to a more risk-based system would shift premium costs among sponsors. To analyze the potential effects of different premium structures, PBGC developed a model using data from a sample of about 2,700 plans. Under one possible option explored by PBGC that incorporated an additional risk factor for a sponsor's financial health, financially healthier sponsors would tend to pay less and financially riskier sponsors more--as much as $257 more per participant, depending on their assigned risk level. Some pension experts and plan sponsors we spoke with raised concerns about this potential redistribution of costs. For example, some believe that plan terminations would increase. However, prior work from GAO and others indicates that other factors--including sponsor size, collective bargaining agreements, and overall plan cost--are more important in sponsors' decisions to freeze their plans. Some pension experts and plan sponsors also noted that a more risk-based system could lead to premium increases during poor economic conditions when sponsors are least able to pay, and that it is inequitable for current sponsors to pay higher rates to address costs resulting from prior plan terminations. However, experts also made suggestions about how to address such concerns within a redesigned premium structure, such as by capping premium levels and averaging sponsors' funding levels over multiple years to reduce volatility. The process of redesigning and implementing a more risk-based premium structure poses potential data and administrative challenges. To help address these challenges, PBGC's model could be further developed to evaluate the implications of incorporating additional risk factors, such as company financial health and plan investment mix. Such efforts could include identifying any additional data needs, as well as exploring the effects on sponsors, including any potentially disproportional hardships on smaller companies resulting from redistributing higher rates to riskier sponsors based on a redesigned structure. Although PBGC is uniquely situated to take on additional rate-setting responsibilities, if Congress were to relinquish some authority in this area, certain safeguards still may be required to help mitigate concerns about PBGC's governance, oversight, and transparency. These safeguards could include additional congressional oversight, soliciting public feedback, and establishing an appeals process for sponsors who wish to challenge their assessment.

Download or read book Pension Plans written by United States. General Accounting Office and published by . This book was released on 1992 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Financial and Actuarial Information Reporting Pension Protection ACT 2006 Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-13 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Financial and Actuarial Information Reporting - Pension Protection Act (2006) (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Annual Financial and Actuarial Information Reporting - Pension Protection Act (2006) (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 This is a final rule to amend PBGC's regulation on Annual Financial and Actuarial Information Reporting. The amendments implement the provisions of the Pension Protection Act of 2006, Public Law 109-280 (PPA 2006), which changed the standards for determining which persons are required to report under section 4010 (Authority to Require Certain Information) of the Employee Retirement Income Security Act of 1974 and made other changes to the reporting requirements. In addition to providing guidance on implementing the PPA 2006 changes, the final rule waives reporting in certain cases for controlled groups with aggregate plan underfunding of $15 million or less, modifies the standards for determining which plans are exempt from the actuarial information requirements, revises the actuarial information requirements to conform with other PPA 2006 changes, and provides other clarifications. This book contains: - The complete text of the Annual Financial and Actuarial Information Reporting - Pension Protection Act (2006) (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation written by Barbara D. Bovbjerg (au) and published by DIANE Publishing. This book was released on 2005-09 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employer-sponsored defined benefit pension plans (DBPP) face unprecedented challenges in the midst of significant changes in our nation's retirement landscape. Many DBPP & the fed. agency that insures them, the Pension Benefit Guaranty Corp. (PBGC), have accumulated large & growing deficits that threaten their survival. Meanwhile, the percentage of Amer. workers covered by DBPP has been declining for 30 years, reflecting a movement toward defined contribution plans (e.g., 401(k) plans). To address these issues, a diverse group of knowledgeable individuals was convened -- incl. gov't. officials, researchers, accounting experts, actuaries, plan sponsor & employee group rep., & members of the investment community. Charts & tables.

Download or read book Reportable Events and Certain Other Notification Requirements Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-27 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reportable Events and Certain Other Notification Requirements (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Reportable Events and Certain Other Notification Requirements (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 In 2013, PBGC proposed to establish risk-based safe harbors that would exempt most companies and plans from many of its reportable events requirements and target reporting toward the minority of plan sponsors and plans presenting the most substantial risk of involuntary or distress termination. After holding a hearing on the proposal, and carefully considering the public's written and oral comments, PBGC is publishing this final rule to make the requirements of the sponsor risk-based safe harbor more flexible, make the funding level for satisfying the well-funded plan safe harbor lower and tied to the variable-rate premium, and add public company waivers for five events. The waiver structure under the final rule will further reduce unnecessary reporting requirements, while at the same time better targeting PBGC's resources to plans that pose the greatest risks to the pension insurance system. PBGC anticipates the final rule will exempt about 94 percent of plans and sponsors from many reporting requirements and result in a net reduction in reporting to PBGC. This rulemaking is a result of PBGC's regulatory review under Executive Order 13563. This book contains: - The complete text of the Reportable Events and Certain Other Notification Requirements (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book Examining the Challenges Facing the Pension Benefit Guaranty Corporation and Defined Benefit Pension Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2013 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Benefits Payable in Terminated Single Employer Plans Limitations on Guaranteed Benefits Shutdown and Similar Benefits Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-14 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benefits Payable in Terminated Single-Employer Plans - Limitations on Guaranteed Benefits - Shutdown and Similar Benefits (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Benefits Payable in Terminated Single-Employer Plans - Limitations on Guaranteed Benefits - Shutdown and Similar Benefits (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 This final rule amends PBGC's regulation on Benefits Payable in Terminated Single-Employer Plans, which sets forth rules on PBGC's guarantee of pension plan benefits, including rules on the phase-in of the guarantee. The amendments implement the Pension Protection Act of 2006 provision that the phase-in period for the guarantee of benefits that are contingent upon the occurrence of an "unpredictable contingent event," such as a plant shutdown, starts no earlier than the date of the shutdown or other unpredictable contingent event. This book contains: - The complete text of the Benefits Payable in Terminated Single-Employer Plans - Limitations on Guaranteed Benefits - Shutdown and Similar Benefits (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book Pension Benefit Guaranty Corporation written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-03 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: " At the end of fiscal year 2011, PBGC insured the pension benefits of 44 million U.S. workers, retirees, and beneficiaries in about 27,000 private defined benefit plans. PBGC's 2011 net accumulated deficit of $26 billion, coupled with future risks posed by plan sponsors and their plans, threatens PBGC's solvency. To help contain PBGC's deficit, Congress recently passed legislation increasing PBGC premiums. Beyond simply increasing rates, the administration has proposed granting PBGC authority to redesign its premium structure to more fully reflect the risk of new claims. To better understand the issues involved, GAO was asked to examine (1) the options available to adjust premiums to improve PBGC's financial condition; (2) the potential implications of adjusting premiums; and (3) the potential implementation challenges in moving to a more risk-based premium structure. To conduct this work, GAO reviewed relevant legislation, analyzed PBGC premium data, and interviewed officials implementing other risk-based premium structures in this country and the United Kingdom, as well as numerous experts and plan sponsors reflecting a broad spectrum of perspectives on the topic. "

Download or read book Annual Financial and Actuarial Information Reporting Us Pension Benefit Guaranty Corporation Regulation Pbgc 2018 Edition written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-13 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Financial and Actuarial Information Reporting (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) The Law Library presents the complete text of the Annual Financial and Actuarial Information Reporting (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition). Updated as of May 29, 2018 The Pension Benefit Guaranty Corporation ("PBGC") is amending its regulation on Annual Financial and Actuarial Information Reporting to codify provisions of recent legislation and related guidance that affect reporting under ERISA section 4010. The final rule modifies the reporting waiver under the current regulation tied to aggregate plan underfunding of $15 million or less to be based on non-stabilized interest rates. In addition, the final rule adds new reporting waivers for smaller plans and for plans that must file solely on the basis of either a statutory lien resulting from missed contributions over $1 million or outstanding minimum funding waivers exceeding the same amount (provided the missed contributions or applications for minimum funding waivers were previously reported to PBGC). The final rule also provides alternative methods of compliance for reporting certain actuarial information and makes a few technical changes to the regulation. This book contains: - The complete text of the Annual Financial and Actuarial Information Reporting (US Pension Benefit Guaranty Corporation Regulation) (PBGC) (2018 Edition) - A table of contents with the page number of each section

Download or read book Pension Benefit Guaranty Corporation written by Stan Dupont and published by . This book was released on 2013 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers will receive benefits when they retire. PBGC consists of two insurance programs: (1) a multiemployer pension program, which protects the benefits of 10.3 million participants in collectively bargained DB pensions in which several employers make contributions, and (2) a larger single-employer pension program, which protects the benefits of 33.4 million participants in DB pensions operated by one employer for its eligible employees.