PBGC says multiemployer premiums must go up

2016-04-01T20:30:58-07:00April 1st, 2016|Categories: PBGC|Tags: |

Current premiums paid by beneficiaries in multiemployer pension plans are not enough to sustain the Pension Benefit Guaranty Corp.’smultiemployer insurance program, according to a report the agency is required to file with Congress every five years. In 2016, enrollees pay a $27 per-participant premium. The Multiemployer Pension Reform Act of 2014 doubled premiums to $26 for 2015. PBGC’s 2014 projections report estimated that the agency’s premium levels and returns on assets will be enough to sustain the multiemployer program for [...]