It notes that multiemployer plans must inform PBGC when applying for funding relief under Pension Act of 2010. Also, the key items to note in 2011 premium filings include no flat-rate premium change and elimination of credit card option....
it is funded by premiums collected from defined-benefit plan sponsors, assets from defined-benefit plans for which it serves as trustee, recoveries in bankruptcy from former plan sponsors, and earnings from its invested assets.8The flat-rate, per-participant annual premium for single-employer plan...
The article reports the increases in the flat-rate premium and the variable rate premium paid by defined benefit plan sponsors in the U.S. to the Pension Benefit Guaranty Corp. (PBGC). The rate hikes are included in the...
As was outlined earlier, the PBGC receives premium income in return for the insurance it provides. Under ERISA as originally enacted, the only form of premium was a flat-rate fee of $1 per year per participant. (83) The flat-rate premium was increased in several steps during the 1980s...