The PBGC’s Inconvenient Surplus
You can forgive sponsors of single-employer defined benefit (DB) plans if they mistakenly think the Pension Benefit Guaranty Corporation (PBGC) insurance program is in financial distress. Premium levels have quintupled since the passage of the Pension Protection Act in 2006 after all, which may…
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CARES Act Offers a Defined Benefit Lifeline, But a Bigger Question Remains
Several brief paragraphs within the mammoth Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27 address the challenges many defined benefit (DB) plan sponsors are experiencing in this unprecedented economic slowdown. CARES Act is a huge law crafted during an…
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