Pension Benefit Guaranty Corporation (PBGC) Director Gordon Hartogensis defended PBGC actions and said that it is “providing crucial pension relief” in a March 20 appearance before the House... Read More
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Defined Benefit Plans
BY John Iekel | 1/24/2024
The Pension Benefit Guaranty Corporation (PBGC) on Jan. 19 announced that it has chosen the firms that will participate in its Smaller Asset Managers Program (SAMP).
SAMP is... Read More
BY John Iekel | 1/5/2024
The Pension Benefit Guaranty Corporation (PBGC) has work to do in order to accomplish its mission and better serve plans and participants, says a newly released report by the PBGC Participant and... Read More
BY John Iekel | 8/7/2023
The Pension Benefit Guaranty Corporation (PBGC) expects that both of its pension insurance programs—for single employers and for multiemployer plans—will remain not only solvent but robust for years... Read More
BY John Iekel | 1/4/2023
The Pension Benefit Guaranty Corporation’s (PBGC) Office of the Participant and Plan Sponsor Advocate reports progress in 2022, but adds in its 2022 annual report that there is more to be... Read More
BY Ted Godbout | 2/28/2021
The House of Representatives in the early hours of the past weekend approved a nearly $2 trillion COVID-stimulus bill, including a freeze to retirement plan contribution limits.
The Butch... Read More
BY Ted Godbout & Nevin E. Adams, JD | 2/9/2021
Legislation before the House Ways & Means Committee plans to help pay for a multiemployer plan bailout by utilizing a budget “gimmick” that would freeze retirement plan contribution limits—though... Read More
BY John Iekel | 9/23/2020
The Pension Benefit Guaranty Corporation (PBGC) announced Sept. 21 that it intends to provide new flexibility for variable-rate premium filers.
“This relief will support the Administration’s... Read More
BY John Iekel | 12/30/2019
Defined benefit plans may be in a long-term decline, but they also show signs of resiliency, according to the Department of Labor’s Employee Benefits Security Administration.
In “Private... Read More
BY John Iekel | 7/15/2019
American Retirement Association Chief Government Affairs Officer Will Hansen and past ASPPA President Stephen Dobrow offered testimony concerning benefit plan audits and how they... Read More
BY NAPA Net Staff | 3/30/2018
It’s no secret that DC plans have long been advancing at the expense of defined benefit plans. And while a recent report from the Department of Labor’s Employee Benefits Security Administration (EBSA... Read More
BY Ted Godbout | 8/8/2017
Surpassing industry projections, the number of new cash balance plans adopted by employers increased by 17% — rising to 17,812 active plans — in 2015, the most recent year for which complete IRS Form... Read More
BY NAPA Net Staff | 7/25/2017
An Ohio man has been indicted by a federal grand jury for stealing money from… the nation’s private pension insurer.According to a press release from the U.S. Attorney’s Office for the Northern... Read More
BY Nevin E. Adams, JD | 5/24/2016
I recently stumbled across another of those “DC plans are becoming like DB plans” articles — you know, the so-called “DB-ification” of 401(k)s? This is all supposed to be a good thing, of course, but... Read More
BY NAPA Net Staff | 5/7/2016
In a much anticipated ruling, the Treasury Department has rejected the Central States pension fund’s controversial petition seeking to cut participant and retiree benefits. The Central States... Read More
BY NAPA Net Staff | 2/24/2016
Pension funds have been confronted with a series of challenges of late, but a new survey suggests they aren’t taking things lying down.New research by State Street Corporation, based on responses... Read More
BY Michael P. Barry | 12/9/2015
Since 2010 ushered in an era of nearly total legislative gridlock, domestic tax and spending policy has been driven by only two things: jobs and the deficit.
Imagine a bus stop with two lines. The... Read More
BY NAPA Net Staff | 11/30/2015
Pension plan sponsors have long been concerned about rising PBGC premiums — but now a major ratings agency has raised its concerns as well.Following the recent announcement by the Pension Benefit... Read More
BY Nevin E. Adams, JD | 11/16/2015
Good news for those who work with cash balance plans: The IRS has released final regulations that provide guidance and, notably, another year to comply with, what are now final hybrid plan rules. The... Read More
BY Fred Barstein | 10/21/2015
The unfunded pension liabilities in California will cost almost $1 trillion, or $75,000 for each household in the Golden State as of 2013, according to Pensiontracker.org, a new website developed by... Read More
BY NAPA Net Staff | 9/15/2015
The Consumer Financial Protection Bureau (CFPB) and New York Department of Financial Services (NYDFS) have jointly filed suit against two pension loan companies and three individual managers for... Read More
BY NAPA Net Staff | 9/9/2015
The world’s pension assets hit a new milestone in 2014, but grew at half the rate of the previous year.Total assets of the world’s largest 300 pension funds grew by 3.4% in 2014, compared to around 6... Read More
BY NAPA Net Staff | 8/25/2015
A new report notes that the number of new cash balance plans surged 32% in 2013, dwarfing new plan adoption.According to Kravitz’s 2015 National Cash Balance Research Report, there were 12,721 cash... Read More
BY Andrew Remo | 7/20/2015
The push to create government-sponsored retirement plans to address the retirement plan coverage gap is not exclusive to governments at the federal and state levels. Now governments of individual... Read More
BY John Ortman | 6/15/2015
The New Jersey Supreme Court may have ruled that Gov. Chris Christie (R) can cut $1.57 billion in contributions to the state’s public employee pension system, but that has not spelled an end to the... Read More
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