86 FR 1256 — Methods for Computing Withdrawal Liability, Multiemployer Pension Reform Act of 2014 PBGCFinal Rules (FR)Jan 8, 2021★ strong match
tors by the size of their contributions. Heavy contributors' rates have a greater impact on the adjusted contributions than light contributors' rates. A commenter asked that relief be provided for cases where information needed to determine adjusted contributions is unavailable. In response, PBGC has added a provision …
84 FR 2075 — Methods for Computing Withdrawal Liability, Multiemployer Pension Reform Act of 2014 PBGCProposed Rules (FR)Proposed Feb 6, 2019★ strong match
a plan sponsor would be able to include in the determination of contribution amounts a “benefit-bearing” contribution increase—a
( printed page 2087) contribution increase that funds an increase in benefits or accruals as an integral part of the plan's benefit formula. The proposed regulation would require the portion…
83 FR 49799 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation PBGCFinal Rules (FR)Oct 3, 2018★ strong match
Except for priority categories 4 and 5, if the plan assets available for allocation to any priority category are insufficient to pay for all benefits in that priority category, those assets shall be distributed among the participants according to the ratio that the value of each participant's benefit or benefits in tha…
83 FR 9716 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation PBGCProposed Rules (FR)Proposed Mar 7, 2018★ strong match
Except for priority categories 4 and 5, if the plan assets available for allocation to any priority category are insufficient to pay for all benefits in that priority category, those assets shall be distributed among the participants according to the ratio that the value of each participant's benefit or benefits in tha…
PBGCFinal Rules (FR)Jul 8, 2022★ strong match
…, balance sheet, cash flow statement) for the current year and the following 4 years as well as the key assumptions underlying those projections and a justification for the reasonableness for each of those key
( printed page 41019)
assumptions. The projections must include:
(A) All business or operating plans prepared …
PBGCFinal Rules (FR)Jul 12, 2021★ strong match
…, balance sheet, cash flow statement) for the current year and the following 4 years as well as the key assumptions underlying those projections and a justification for the reasonableness for each of those key assumptions. The projections must include:
(A) All business or operating plans prepared by or for management, …
81 FR 15432 — Annual Financial and Actuarial Information Reporting PBGCFinal Rules (FR)Mar 23, 2016related by meaning
e regulation to address a temporary condition that would impact reporting long after stabilized rates no longer had an impact on plan liabilities.[16] As an alternative to the proposal to limit the $15 million aggregate underfunding waiver to controlled groups with fewer than 500 participants, six commenters (including…
75 FR 48283 — Liability for Termination of Single-Employer Plans; Treatment of Substantial Cessation of Operations PBGCProposed Rules (FR)Proposed Aug 10, 2010
… to provide guidance on whether and when a “section 4062(e) event” occurs by explaining each of the key terms that appear in the statute and in the proposed regulation: “operation,” “facility,” “cease,” “separate,” and “result.” The term “active participant base” would be introduced to describe the baseline number of a…
PBGCRegulationsSep 15, 2025★ strong match
(d) (d) Contribution decreases.
(d)(1) (1) During the SFA coverage period, the contributions to a plan that receives special financial assistance required for each contribution base unit must not be less than, and the definition of the contribution base units used must not be different from, those set forth in collecti…
PBGCRegulationsNov 2, 2018related by meaning
y allocated with respect to each participant in excess of the value of the reduced benefit shall be reduced accordingly. In the subcategory in which assets are exhausted, the assets shall be distributed among the participants according to the ratio that the value of each participant's benefit or benefits in that subcat…
PBGCFinal Rules (FR)Dec 22, 2017related by meaning
mation about where benefits are held (such as in an IRA or under an annuity contract). Fees will be set forth in the program's forms and instructions. Most of the five commenters agreed that $35 is reasonable. Three commenters suggested PBGC would further increase the value and encourage the use of its missing particip…
PBGCRegulationsFeb 8, 2021related by meaning
(d)(9) (9) Notwithstanding the foregoing provisions of this paragraph (d), if total contributions for a year for a rate history group or for a plan are not timely and reasonably available for calculating adjusted contributions for that year, each relevant contribution rate for the year may be multiplied by the projecte…
85 FR 6046 — Miscellaneous Corrections, Clarifications, and Improvements PBGCFinal Rules (FR)Feb 4, 2020related by meaning
Test. Therefore, the final rule, like the proposed, modifies paragraphs (a) and (b) of § 4010.11 to insert “on the last day of the information year.” In response to practitioner questions, PBGC had addressed in the proposed rule when at-risk assumptions (under section 303(i) of ERISA and section 430(i) of the Code) ar…
29 C.F.R. § 4211.4(b) — Contributions for purposes of the numerator and denominator of the allocation fractions. PBGCRegulationsFeb 8, 2021related by meaning
(b) (b) Disregarding surcharges and contribution increases. For each of the allocation fractions used in the presumptive, modified presumptive and rolling-5 methods in determining the allocation of unfunded vested benefits to an employer, a plan in endangered or critical status must disregard:
(b)(1) (1) Surcharge. Any…
PBGCRegulationsSep 1, 2017related by meaning
…the plan provisions. Mandatory employee contributions, if any, used after the effective date of the minimum vesting standards in section 203 of ERISA and section 411 of the Code for costs or to provide ancillary benefits such as life insurance or health insurance, plus interest under the plan provisions, shall be added…
PBGCCode / StatuteJan 6, 2017related by meaning
…be reallocated to the extent necessary to avoid such discrimination.
(b)(6) (6) The term "mandatory contributions" means amounts contributed to the plan by a participant which are required as a condition of employment, as a condition of participation in such plan, or as a condition of obtaining benefits under the plan …
79 FR 30459 — Multiemployer Plans; Valuation and Notice Requirements PBGCFinal Rules (FR)May 28, 2014
…so makes a minor change to the insolvency notice's content by deleting an outdated reference to IRS Key District offices.
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12.
In the proposed rule, PBGC requested comments on this size standard. No comments were received on this issue.
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13.
Although PBGC does not have data on multiemp…
79 FR 4642 — Multiemployer Plans; Valuation and Notice Requirements PBGCProposed Rules (FR)Proposed Jan 29, 2014
…o making a minor change to the insolvency notice's content by deleting an outdated reference to IRS Key District offices.
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12.
Although PBGC does not have data on multiemployer plans with fewer than 100 participants, approximately 165 multiemployer plans have 250 participants or fewer. See
http://www.p…
88 FR 44045 — Benefit Payments and Allocation of Assets PBGCFinal Rules (FR)Jul 11, 2023related by meaning
could be allocated to the benefits of other participants who may have benefits in higher priority categories, or that could fund guaranteed benefits. Accordingly, in the final rule, PBGC adopts the provision as proposed with the technical change described above.
As in the proposed rule, this change does not affect the …
78 FR 44056 — Premium Rates; Payment of Premiums; Reducing Regulatory Burden PBGCProposed Rules (FR)Proposed Jul 23, 2013
…e date adequate time to reconcile an estimated variable-rate premium, the reconciliation date would key off the due date rather than the premium payment year commencement date. For a normal due date, the reconciliation date would remain the same.
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17.
This proposal revives a concept that was in the pre…