80 FR 54980 — Reportable Events and Certain Other Notification Requirements PBGCFinal Rules (FR)Sep 11, 2015★ strong match
…sed criteria take into account one commenter's suggestion that PBGC consider incorporating into the safe harbor alternative risk measures such as debt-to-EBITDA and debt-to-total-capital ratios that are used in common debt covenants and routinely tracked by companies that issue debt or borrow from banks. The changes to…
PBGCFinal Rules (FR)Jul 8, 2022★ strong match
on System (EPCRS)), with respect to correction of a late distribution from a defined benefit plan is a reasonable method for computing the adjustment. Several commenters expressed views on the payment of make-up amounts to participants and beneficiaries in pay status. Some of those commenters
( printed page 40991)
pref…
78 FR 20039 — Reportable Events and Certain Other Notification Requirements PBGCProposed Rules (FR)Proposed Apr 3, 2013★ strong match
…ld not apply if the event qualified for a foreign-entity or
de minimis
waiver.)
Financial Soundness Safe Harbor for Plan Sponsors Many commenters on the 2009 proposal contended that if funding-based waivers were eliminated, plans and plan sponsors would be required to report events posing minimal risk to PBGC and the p…
88 FR 44045 — Benefit Payments and Allocation of Assets PBGCFinal Rules (FR)Jul 11, 2023related by meaning
ns is a permissible statutory interpretation under applicable law and that PBGC's determination was not arbitrary and capricious).
Back to Citation
8. The Taxpayer Relief Act of 1997 increased the maximum from $3,500 to $5,000 effective for plan years beginning after August 5, 1997.
Back to Citation
9.
Section 304 of…
PBGCFinal Rules (FR)Jul 12, 2021related by meaning
…des plans that receive SFA with the opportunity to invest in a portfolio that can benefit from risk and illiquidity premiums over the long-term investment horizon. This flexibility to invest in other assets is likely to extend the solvency of these plans, and the limit on that flexibility will only constrain plans that…
PBGCFinal Rules (FR)Sep 9, 2020★ strong match
… “mean 5-day rate” for the last five days of October is one of the parameters used to determine the immediate legacy interest rate for December. Given any specific “mean 5-day rate,” the methodology produces a single set of immediate-and-deferred rates. Therefore, it is possible to create a table that shows the range o…
91 FR 36100 — Technical Amendments: Special Financial Assistance PBGCProposed Rules (FR)Proposed Jun 16, 2026related by meaning
…d to accommodate circumstances arising after March 11, 2021, beyond the control of the plan sponsor and the bargaining parties (
e.g.,
health benefit cost increases due to legislative changes) that would justify a good faith reallocation of income or expenses between employee benefit plans. Thus, § 4262.16(e)(2) of PBG…
84 FR 51494 — Benefit Payments and Allocation of Assets PBGCProposed Rules (FR)Proposed Sep 30, 2019related by meaning
…1 F.Supp.3d 159 (D.D.C. 2016) (remanded to PBGC for further explanation of its denial of a lump-sum distribution elected by a participant before the plan filed its distress termination notice). In July 2016, PBGC's Appeals Board issued a revised decision, which is the subject of continuing litigation in the same court,…
PBGCRegulationsMar 5, 2020related by meaning
(b) (b) Safe harbor period. A safe harbor period for a company means a period that—
(b)(1) (1) Begins on a financial information date (as described in paragraph (c) of this section) on which the company satisfies the low-default-risk standard in paragraph (e) of this section, and
(b)(2) (2) Ends 13 months later or (if …
76 FR 67105 — Cash Balance Plans; Benefit Determinations and Plan Valuations for Statutory Hybrid Plans; Pension Protection Act of 2006 PBGCProposed Rules (FR)Proposed Oct 31, 2011
…n of the plan.
(v) The method for determining a participant's annuity benefit. Examples—
Example 1. Immediate annuity conversion plan. A cash balance plan determines immediate annuity benefits by applying immediate annuity conversion factors to the participant's hypothetical account balance as of the annuity starting d…
88 FR 76660 — Technical Amendments: Special Financial Assistance Withdrawal Liability Condition; SECURE 2.0 Act; and Other Updates PBGCFinal Rules (FR)Nov 7, 2023related by meaning
…he change conforms the regulation to the SECURE 2.0 change to enable certain plans to make lump-sum distributions up to the permissible threshold amount of $7,000 beginning January 1, 2024 (from $5,000). PBGC is authorized under section 4041A(f)(1) of ERISA to permit the payment in a lump sum of benefits that exceed $1…
85 FR 6046 — Miscellaneous Corrections, Clarifications, and Improvements PBGCFinal Rules (FR)Feb 4, 2020
…tion 4043.9(e) of the reportable events regulation describes the standards for the low-default-risk safe harbor that is available for five events.[4] The low-default-risk safe harbor is available where a company that is a contributing sponsor of a plan has adequate capacity to meet its obligations as evidenced by satis…
PBGCRegulationsJan 1, 2017
…icipant as being able, under plan provisions, to separate from service with the right to receive an immediate annuity on a date before the plan's termination date only if—
(e)(1) (1) Eligibility for that immediate annuity continues through the earlier of—
(e)(1)(i) (i) The plan's termination date; or
(e)(1)(ii) (ii) Th…
85 FR 57123 — Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits PBGCFinal Rules (FR)Sep 15, 2020
… in the select rate, and a decrease of 0.17 percent in the ultimate rate (the final rate).
Need for Immediate Guidance PBGC updates appendix B of the asset allocation regulation each quarter and appendices B and C of the benefit payments regulation each month. PBGC has determined that notice and public comment on this …
83 FR 46642 — Mergers and Transfers Between Multiemployer Plans PBGCFinal Rules (FR)Sep 14, 2018
ension of benefits under section 305(e)(9)(G) of ERISA (including all attachments and exhibits).
§ 4231.14
Description of financial assistance merger. A request for a financial assistance merger must include the following information about the proposed financial assistance merger:
(a) A detailed description of the prop…
85 FR 36153 — Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits PBGCFinal Rules (FR)Jun 15, 2020
… in the select rate, and a decrease of 0.35 percent in the ultimate rate (the final rate).
Need for Immediate Guidance PBGC updates appendix B of the asset allocation regulation each quarter and appendices B and C of the benefit payments regulation each month. PBGC has determined that notice and public comment on this …
84 FR 68043 — Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits PBGCFinal Rules (FR)Dec 13, 2019
… in the select rate, and a decrease of 0.27 percent in the ultimate rate (the final rate).
Need for Immediate Guidance PBGC updates appendix B of the asset allocation regulation each quarter and appendices B and C of the benefit payments regulation each month. PBGC has determined that notice and public comment on this …
84 FR 48272 — Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits PBGCFinal Rules (FR)Sep 13, 2019
… in the select rate, and a decrease of 0.54 percent in the ultimate rate (the final rate).
Need for Immediate Guidance PBGC updates appendix B of the asset allocation regulation each quarter and appendices B and C of the benefit payments regulation each month. PBGC has determined that notice and public comment on this …
84 FR 27713 — Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits PBGCFinal Rules (FR)Jun 14, 2019
…in the select rate, and an increase of 0.02 percent in the ultimate rate (the final rate).
Need for Immediate Guidance PBGC updates appendix B of the asset allocation regulation each quarter and appendices B and C of the benefit payments regulation each month. PBGC has determined that notice and public comment on this …
84 FR 9454 — Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits PBGCFinal Rules (FR)Mar 15, 2019
…in the select rate, and an increase of 0.21 percent in the ultimate rate (the final rate).
Need for Immediate Guidance PBGC updates appendix B of the asset allocation regulation each quarter and appendices B and C of the benefit payments regulation each month. PBGC has determined that notice and public comment on this …