SilverBlog

Wisdom from our industry experts and our SilverLink magazine.

 
 

Author: Denny Monaghan

Could the future of certain pension plans be in danger? That’s what some experts are speculating as the Bipartisan Budget Act of 2015 begins to roll out increases on insurance premiums for single-employer defined benefit pension plans. Annual premiums are charged by the Pension Benefit Guaranty Corporation (PBGC), a federal agency that insures private-sector pension plans against default. These premium increases can be treated as revenue gains for the government and are often used to raise money when needed. As 2017 gets underway, pension plan sponsors should become familiar with the scheduled increases and consider strategies to manage or reduce the overall impact of these annual premiums.

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