By John Iekel
The Pension Benefit Guaranty Corporation (PBGC) in its spring regulatory agenda enumerates a variety of proposals and actions close to implementation that will address benefits payments, assistance, valuation assessments, penalties and more.
The following proposed rules are on the PBGC’s radar screen.
Valuation Assumptions and Methods. The PBGC proposes a rule on valuation assumptions and methods concerning interest and mortality assumptions for asset allocation in single-employer plans, and concerning mass withdrawal liability determination in multiemployer plans. For single-employer plans, the rule would update the interest, mortality and expense load assumptions used to determine the present value of benefits under the asset allocation regulation; for multi-employer plans, it would update those assumption for determining mass withdrawal liability payments.