Tag: PBGC

PBGC to Require More Detail in Reportable Events Filings, Introduce New Coverage Determination Form

The Pension Benefit Guaranty Corp. (PBGC) will be changing its reportable events filings to include controlled-group information, company financial statements, and defined benefit (DB) plans’ actuarial valuation reports, adding more detail to five plan or employer events already reportable to the agency that rescues failed pensions.

retirement

IRS Mandates Use of New Mortality Tables for 2018 … Unless You Don’t Want to!

On October 3, 2017, the Internal Revenue Service (IRS) released Notice 2017-60, finally acknowledging that new mortality assumptions would be required for 2018 in the determination of minimum contributions and, by association, Pension Benefit Guaranty Corporation (PBGC) premiums. (See New IRS Mortality Tables for 2018 Bring Host of Concerns for DB Plan Sponsors.)