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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Time to Rock Alternative Method for PBGC Premiums?
I was jamming to the alternative rock anthem Smells Like Teen Spirit in the car the other day, looking as cool as any commuting actuary can. As the last ripping angst-ridden chord faded to silence, the DJ informed me that I’d just listened to “Nirvana, on Pittsburgh’s Classic Rock Station”.…
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