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PBGC premium

PBGC premium hikes in federal budget debated

News Item

The federal budget proposal that gives the PBGC new authority to increase premiums on the retirement plans it insures and impose higher premiums on riskier plans raises more questions than it answers, experts say.

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PBGC Premium Increase

Legislation

The Pension Benefit Guaranty Corporation (PBGC) is a federal corporation that insures most defined benefit plans in the United States.  The PBGC is funded solely by premiums paid by plan sponsors.  Currently the PBGC is experiencing deficits due to the large amount of plans which are terminated with insufficient funds to cover all its liabilities.

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