Obama wants to give PBGC premium power

2015-02-05T18:58:43-08:00February 5th, 2015|Categories: PBGC|Tags: , |

President Obama is once more proposing giving the Pension Benefit Guaranty Corp. the power to raise premiums on single and multiemployer defined benefit pension plans, a move that would raise $19 billion over the next decade. Currently set by Congress, single-employer PBGC premiums are scheduled to increase to $57 per-participant this year and to $67 in 2016, nearly double the $35 rate in 2012.  […]