Articles for: PBGC
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
If an employer goes out of business, do employees lose their pension?
When employers shut the doors, many employees become nervous (justifiably so) about the impact on their defined benefit (DB) pension benefits. However, in most cases, the majority, if not all [...]
Key words: PBGC,Pension
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
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