PBGC rate hikes moving DB plans into danger zone

2015-11-04T18:10:57-08:00November 4th, 2015|Categories: PBGC|Tags: , |

Sharply higher Pension Benefit Guaranty Corp. premiums resulting from the new federal budget deal will push more employers to shrink or terminate their defined benefit plans, moves that also will further erode the agency’s shaky finances, industry observers said. The budget deal approved by the House Oct. 28 and by the Senate Oct. 30 would raise PBGC premiums by more than 40% over the next four years, coming on top of multiyear increases already added as part of a [...]