Pension Insurance Data Book 1997, PBGC Single-Employer Program, No. 2, Spring 1998.

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Details Pension Insurance Data Book 1997, PBGC Single-Employer Program, No. 2, Spring 1998. PDF

Find statistics for PBGC's single-employer and multiemployer programs and for the private defined benefit pension system, including state-by-state information.

New: Pension Insurance Data Tables [ PDF] [ Excel] Pension Insurance Data Book - To request a hard copy or CD containing a PDF version of the Data Book, please call single-employer and multiemployer pension plans. The. Pension Insurance Data Book provides detailed PBGC Single-Employer Program on the single-employer program operations and benefit protection.

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Description Pension Insurance Data Book 1997, PBGC Single-Employer Program, No. 2, Spring 1998. FB2

Data Book. was first published in and has been updated for Inthe single-employer insurance program reported a surplus for the second year. Pension insurance data book: PBGC single-employer program [Unknown] on *FREE* shipping on qualifying offers.

Single-employer Plans Trusteed by the PBGC Metadata Updated: Septem This spreadsheet contains a list of all single-employer defined benefit pension plans trusteed by the PBGC since its creation in Publish Year: [Excerpt] The Pension Benefi t Guaranty Corporation (PBGC) was established by the Employee Retirement Income Security Act of (ERISA) to ensure that participants in defined benefit pension plans receive their pensions if their plans terminate without sufficient assets to pay promised benefits.

The PBGC administers separate insurance programs to protect participants. PBGC has published Pension Insurance Data Book 1997 Pension Insurance Data Book annually since to present detailed statistics on PBGC program operations and benefit protection. In addition to tabular presentations of current and historical data on PBGC’s single-employer and multiemployer pension insurance programs, this edition features two brief discussions.

surplus from the single-employer program and a $ billion deficit from the multiemployer program. PBGC’s single-employer program has been on the Government Accountability Office’s (GAO’s) list of high-risk government programs since.

Pension Benefit Guaranty Corporation (PBGC): A Fact Sheet Congressional Research Service Summary The Pension Benefit Guaranty Corporation (PBGC) is a federal government agency established in by the Employee Retirement Income Security Act (ERISA; P.L.

It File Size: KB. PBGC. (–09) Pension Insurance Data Books –09, Tables S-3,S,S and S; PBGC Annual Reports: –, Section on Single-Employer Program relating to yearly results and number of plan : Andrew Frank Thompson, Mir A Zaman, Sam Kolahgar, Azadeh Babaghaderi.

Testimony issued by the Government Accountability Office with an abstract that begins "Under the single-employer insurance program, the Pension Benefit Guaranty Corporation (PBGC) may become the trustee of underfunded plans that are terminated and assume responsibility for paying benefits to participants as they become due, up to certain legal limits.

Pension Benefit Guaranty Corporation: Workers and Retirees Experience Delays and Uncertainty When Underfunded Plans Are Terminated: Gaot [U. Government Accountability Office (] on *FREE* shipping on qualifying offers. Under the single-employer insurance program, the Pension Benefit Guaranty Corporation (PBGC) may become.

The likelihood the program will remain solvent after FY is now less than 1%. The narrower range in the new projections is based on the most recent available data on troubled pension plans. Over the next decade, the financial condition of PBGC’s Multiemployer Insurance Program is expected to worsen.

3 Table S, PBGC Pension Insurance Data Book (to be issued April ). 4 Cooper v. IBM Personal Pension Plan, F. Supp. 2d (S.D. Ill. ) (holding that cash balance. Pension Benefit Guaranty Corporation (PBGC): A Fact Sheet Congressional Research Service 2 pension guarantee is $55, a year for workers aged 65 in plans that terminate in This amount is adjusted annually and is decreased if a participant retires before age 65 or if theFile Size: KB.

Source: Pension Benefit Guarantee Corporation, Pension Insurance Data BookTable S and S, pp. Total premium revenue remained low during the period from to when the majority of PBGC’s income was derived from flat rate fees for coverage.

However, beginning in The interest assumptions are used for valuing benefits under terminating single-employer plans covered by the pension insurance system administered by PBGC. As discussed below, PBGC has published a separate final rule document dealing with interest assumptions under its regulation on Benefits Payable in Terminated Single-Employer Plans for.

In his last day as director of the Pension Benefit Guaranty Corp., Joshua Gotbaum warned of dire consequences unless Congress acts to shore up financially ailing multiemployer pension plans. 27 pages. This edition of the PBGC Data Book, updated for the PBGC's fiscal year, contains financial information about the PBGC and the single-employer and multiemployer pension plans for which it provides benefit guarantees, with charts comparing the data to prior years.

PBGC is now releasing data in groups, as they become available. The first. The Annual Report for the PBGC indicates that the agency is facing the most significant financial challenges it has confronted in more than a decade. At the end of fiscal year (Septem ), the PBGC’s single-employer insurance program had a record deficit of $ billion, more than doubling its record deficit of the year.

Pension insurance data book: PBGC single-employer program. (Washington, DC: Pension Benefit Guaranty Corporation, [), by Pension Benefit Guaranty Corporation (page images at.

(40 BPR2/26/13). James A.

Download Pension Insurance Data Book 1997, PBGC Single-Employer Program, No. 2, Spring 1998. PDF

Klein, president of the American Benefits Council, also said that the PBGC report should push Congress to address the PBGC’s multiemployer pro-gram financial straits. ‘‘Less than one-eighth of the improvement’’ in the single-employer program’s deficit was due to increases in the PBGC’s premiums.

This information, the core of the Pension Insurance Data Book, will continue to be updated periodically. The PBGC will augment these tables with other materials as they become available, such as the figures and chapters familiar to readers of the Data Book.

Source: PBGC News Release No.Febru The Pension Benefit Guaranty Corporation (PBGC) is a federal agency that guarantees minimum benefit payments to participants in multiemployer pension plans 1 if those plans become insolvent. Multiemployer pension plans are those covering employees in unionized industries from more than one employer, typically companies from the same industry.

The pension benefit that PBGC can pay will depend on (1) your age, (2) the provisions of your plan, (3) your employer's funding of the plan before it ended, (4) the form of your benefit, (5) PBGC's maximum benefit payments, and (6) whether and when benefits were increased before the plan ended.

The provisions of this law are set to expire in In addition, two years ago the Pension Relief Act of (pdf) was enacted. This measure provides retroactive pension funding relief for single employer and multiemployer defined benefit pension plans, among other provisions.

CCH® PENSION — 06/24/10 PBGC will offer checkbox relief to certain single-employer DB plan premium filers. The PBGC has announced that it will provide relief for certain single-employer defined benefit plan premium filers that used the alternative premium funding target to determine their variable-rate premiums, but did not check box 5 on their.

Single-Employer De˜ned Bene˜t Plans The Pension Bene˜t Guaranty Corporation (“PBGC”) is a federal agency created by the Employee Retire-ment Income Security Act ofas amended (“ERISA”).

The PBGC is responsible for protecting the pension bene˜ts of employees in private-sector de˜ned bene˜t plans in the event that the plan and. (“During FYPBGC’s single-employer insurance program went from a surplus of $ billion to a deficit of $ billion—a loss of $ billion in just one year.

The $ billion. It paid $ billion to nearlyretirees from 4, failed single-employer plans in The multiemployer program protects more than 10 million workers and retirees in about 1, pension plans; and the single-employer program protects about 30 million workers and retirees in ab pension plans, according to the PBGC annual : Paula Aven Gladych.

The U.S. Department of Labor, Internal Revenue Service, and the Pension Benefit Guaranty Corporation jointly developed the Form Series so employee benefit plans could utilize the Form Series forms to satisfy annual reporting requirements under Title I and Title IV of ERISA and under the Internal Revenue Code.

The PBGC's Septem financial statement reported that the combined position of the agency's single-employer and multi-employer programs is $ billion short of satisfying all its long Author: Edward Siedle.NOTE: data unavailable for West Virginia.

SOURCE: Pew Center on the States; Based on States' Comprehensive Annual Financial Report Data West Virginia‘s pension fund is improving thanks to diligence in making its required annual payments, while years of not paying enough has diminished New Jersey‘s pension system funding level.Makes a multiemployer plan which transfers assets or liabilities to a single-employer plan liable to the PBGC if the single-employer plan terminates within 60 months of the transfer, except where the PBGC has approved the transfer or has failed to rule on the adequacy of the protection of interest within a day period.