Articles for: PBGC
What are the steps required to terminate a pension plan?
A lot of thought goes into the decision to terminate a defined benefit pension plan. The plan’s actuarial consultant can provide important information and advice throughout this analysis. Once the [...]
Key words: Defined Benefit,PBGC,pension plan,Termination
What happens to my benefit if my company is sold or goes out of business?
What may happen to your benefit if your company is sold or goes out of business will depend on the specifics surrounding each scenario. If the plan will terminate, federal [...]
Key words: benefits,merge,out of business,PBGC,sold,Termination
What PPA elections are required by employers on an annual basis?
The Pension Protection Act of 2006 (PPA) introduced a myriad of changes to the system regulating defined benefit (DB) pension plans. The changes require DB plan sponsors to make certain [...]
Key words: Defined Benefit,PBGC,Pension,PPA,PPA elections
How do you determine PBGC premiums?
The premiums charged to pension plans by the Pension Benefit Guaranty Corporation (PBGC) can vary depending on the type and size of the plan. Theoretically, the premiums are calculated by [...]
Key words: PBGC,Premiums
How long does it take to terminate a pension plan?
In most cases, the time required to terminate a pension plan will span twelve months or more. The Pension Benefit Guaranty Corporation (PBGC) outlines the timing requirements of notices to [...]
Key words: PBGC,Pension,Termination