Job Creation and Worker Assistance Act (JCWAA) of 2002 to sponsors of qualified defined benefit plans. Factor needed to strengthen the funding of qualified defined benefit plans; Application of the additional funding charge; Discussion on variable rate premium relief.Fife...
Single-employer variable rate premiums, which will continue to be adjusted for inflation, will increase by an additional $3 for plan years beginning in 2017 (from $30 to $33 per $1000 of underfunding, subject to indexing); by an additional $4 for plan years beginning in 2018 (from $33 ...
RESPONSE: From the analysis below, it is clear that following the enactment of both MAP-21 and BBA 2013, the increases in PBGC variable rate premiums payable based on unfunded vested benefits have incented plan sponsors to fully fund their pension plans – rather than to delay funding, as al...
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...
GAO reported that provisions in the General Agreement on Tariffs and Trade enacted in December 1994 will strengthen minimum funding standards and phase out the cap on variable rate premiums paid by underfunded plans, reducing PBGC's...
(PBGC) rates and pension-funding stabilization in the U.S. The provisions are expected to generate about 20 billion dollars to offset the cost of the bill's other parts. They also include the increase of variable-rate premiums for the underfunded plans....
(85) Many analysts have criticized the current structure of premiums as failing to apply economically appropriate prices to the risk that plans actually present to the PBGC. (86) To be sure, premiums are not completely insensitive to risk under current law; the variable-rate portion of the ...