Plan Coverage Under Pbgc S Pension Insurance
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Plan Coverage Under Pbgc S Pension Insurance
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Author :
language : en
Publisher:
Release Date : 1982
Plan Coverage Under Pbgc S Pension Insurance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Pensions categories.
Plan Coverage Under Pbgc S Pension Insurance
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Author :
language : en
Publisher:
Release Date : 1982
Plan Coverage Under Pbgc S Pension Insurance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Pensions categories.
Federal Pension Insurance Guide For Small Business
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Author : Pension Benefit Guaranty Corporation
language : en
Publisher: GPO FCIC
Release Date : 2009
Federal Pension Insurance Guide For Small Business written by Pension Benefit Guaranty Corporation and has been published by GPO FCIC this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
If you sponsor or administer a defined benefit pension plan, it is probably covered by the federal pension insurance program administered by the Pension Benefit Guaranty Corporation. PBGC prepared this Guide to help you and your professional advisers understand the PBGC requirements.
Pension Insurance Data Book
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Author :
language : en
Publisher:
Release Date : 1996
Pension Insurance Data Book written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Defined benefit pension plans categories.
Your Guaranteed Pension
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Author :
language : en
Publisher:
Release Date : 2003
Your Guaranteed Pension written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Pensions categories.
Pension Insurance Data Book
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Author :
language : en
Publisher:
Release Date :
Pension Insurance Data Book written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with Defined benefit pension plans categories.
Pension Benefit Guaranty Corporation
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Author : Stan Dupont
language : en
Publisher:
Release Date : 2013
Pension Benefit Guaranty Corporation written by Stan Dupont and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers will receive benefits when they retire. PBGC consists of two insurance programs: (1) a multiemployer pension program, which protects the benefits of 10.3 million participants in collectively bargained DB pensions in which several employers make contributions, and (2) a larger single-employer pension program, which protects the benefits of 33.4 million participants in DB pensions operated by one employer for its eligible employees.
Pension Benefit Guaranty Corporation
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Author : Stan Dupont
language : en
Publisher: Nova Science Publishers
Release Date : 2013
Pension Benefit Guaranty Corporation written by Stan Dupont and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Pension trust guaranty insurance categories.
This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers will receive benefits when they retire. PBGC consists of two insurance programs: (1) a multi-employer pension program, which protects the benefits of 10.3 million participants in collectively bargained DB pensions in which several employers make contributions, and (2) a larger single-employer pension program, which protects the benefits of 33.4 million participants in DB pensions operated by one employer for its eligible employees.
Corporate Pension Policy And The Value Of Pbgc Insurance
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Author : Alan J. Marcus
language : en
Publisher:
Release Date : 1983
Corporate Pension Policy And The Value Of Pbgc Insurance written by Alan J. Marcus and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Insurance, Pension trust guaranty categories.
This paper derives the value of PBGC pension insurance under two scenarios of interest. The first allows for voluntary plan termination, which appears to be legal under current statutes. In the second scenario, termination is prohibited unless the firm is bankrupt. Optimal pension funding strategy under each scenario is examined. Finally, empirical estimates of PBGC liabilities are calculated. These show that a small number of funds account for a large fraction of total prospective PBGC liabilities, that those total liabilities greatly exceed current PBGC reserves for plan terminations, and that PBGC liabilities could be substantially reduced by the prohibition of voluntary termination.
Multiemployer Defined Benefit Db Pension Plans
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Author : Congressional Research Service
language : en
Publisher: CreateSpace
Release Date : 2014-10-07
Multiemployer Defined Benefit Db Pension Plans written by Congressional Research Service and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-07 with Political Science categories.
Multiemployer defined benefit (DB) pension plans are pensions sponsored by more than one employer and maintained as part of a collective bargaining agreement. About 3.2% of all DB pension plans, covering 25% of all DB pension plan participants, are multiemployer plans. Nearly all of the remaining DB pension plans are maintained by a single employer. A few DB pension plans are maintained by more than one employer but are not maintained under a collective bargaining agreement. In DB pension plans, participants receive a monthly benefit in retirement that is based on a formula. In multiemployer DB pensions, the formula typically multiplies a dollar amount by the number of years of service the employee has worked for employers that participate in the DB plan. DB pension plans are subject to funding rules in the Internal Revenue Code (26 U.S.C. §431) to ensure they have sufficient resources from which to pay promised benefits. Because single employer and multiemployer DB pension plans have different structures, Congress has established separate funding rules for these plans. The funding rules for multiemployer DB pension plans are set to expire at the end of 2014, and Congress has been considering proposals that would alter these rules. Although most multiemployer DB pension plans have sufficient resources from which to pay their promised benefits, a few large plans are expected to become insolvent in the next 20 years. The Pension Benefit Guaranty Corporation (PBGC) is a U.S. government agency that insures the benefits of participants in private-sector DB pension plans. As with the funding rules, Congress established separate PBGC programs to insure single and multiemployer DB pensions. For example, PBGC becomes the trustee of terminated single employer DB pension plans. PBGC does not become the trustee of multiemployer DB pension plans; rather, it makes loans to insolvent multiemployer DB plans so the plans may continue to pay participants' guaranteed benefits. Although PBGC has sufficient resources to make loans to smaller multiemployer DB plans, the insolvency of a large multiemployer DB pension plan would likely result in a substantial strain on PBGC's multiemployer insurance program. In the absence of increased financial resources for PBGC, participants in insolvent multiemployer DB pension plans might not receive all of the benefits guaranteed by PBGC. In a report released in June 2014, PBGC indicated that the multiemployer insurance program is highly likely to become insolvent by 2025.
