Regulation
PBGC Reports Glowing Financial Health
The pension insurer is well in the green, but conditions can be volatile.
Tag: PBGC
Regulation
PBGC Updates Mortality Tables for 2024
The tables are used for calculating withdrawal liability and missing participant program transfer amounts.
Regulation
District Court Upholds PBGC Denial of Restored Pension Fund’s Grant Application
Local 550’s plan was terminated in 2016 and restored itself in 2022 before applying for a special financial assistance grant, which was denied.
Regulation
Local 210’s Plan Receives $49.3M PBGC Grant
The New York-based plan was projected to become insolvent in 2026.
Regulation
How Are SFA Grant Recipients Investing That Money?
The answer varies from plan to plan, but there are incentives to invest the money conservatively.
Regulation
PBGC Updates Premium Rates, Guarantee Levels for 2024
Most measures are still tied to inflation, but SECURE 2.0 capped the variable rate for single-employer plans at 5.2%.
Regulation
Key Government Data, Such as Unemployment and Inflation, Would Not be Published During a Shutdown
Government data collection agencies, such as the Bureau of Labor Statistics, would shut down completely absent a continuing resolution.
Regulation
Printer’s Pension Receives $20.6M From PBGC
The plan was projected to become insolvent next year, when it would have had to cut benefits nearly in half.
Opinion
PBGC Premiums and Washington’s Fuzzy Math
Billions that Congress counts as revenue are contributing to the demise of traditional pension funds.
Regulation
Cement Mason Pension Restored by PBGC Grant
The plan will receive $3.2 million, plus loan repayments, in special financial assistance.
Regulation
IBT Local 863 Receives $334 Million Grant From PBGC
The transportation industry pension was expected to become insolvent next year.
News
Pension Plan That Had Been Insolvent Since 2009 Rescued by PBGC
The plan was among four granted special financial assistance funds by the PBGC this week.
Regulation
New York Service Workers’ Pension Fund Receives $36.3M SFA Grant
The fund was projected to become insolvent in 2024, and PBGC funds will enable it to stay solvent through 2051.
Regulation
PBGC Proposes Updating Valuation Assumptions
The proposal would modify mortality, interest and expense assumptions.
Regulation
PBGC Grants $182.6M to Southwest Ohio Carpenters’ Pension
The plan had already cut benefits by 18% as of 2019.