Splet08. okt. 2024 · The Retirement Protection Act of 1994 specified new actuarial assumptions under IRC section 417 (e) for this purpose, and most pension plans were amended at this time to reference the new applicable interest rates and mortality tables in … Splet13. jul. 2024 · The Pension Benefit Guaranty Corporation (PBGC) issued an interim final rule (IFR) that implements the new Special Financial Assistance Program for severely underfunded multiemployer pension plans. The Program was created by the American Rescue Plan Act of 2024 (ARPA-21). Additionally, the Internal Revenue Service (IRS) …
OGC Opinion Letter - Pension Benefit Guaranty Corporation
SpletPart 4220 - Procedures For Pbgc Approval Of Plan Amendments PART 4220 - PROCEDURES FOR PBGC APPROVAL OF PLAN AMENDMENTS Authority:29 U.S.C. 1302(b)(3), 1400. … Splet01. feb. 2024 · Seyfarth Synopsis: On October 30, 2024, the Department of Labor (“DOL”) released a final regulation amending the fiduciary regulations governing investment duties under the Employee Retirement Investment Security Act of 1974 (“ERISA”). This final regulation is clear that an ERISA fiduciary should not consider “non-pecuniary” factors … change glass
42 Years in the Making: PBGC Proposes Regulation on Interest …
Spletpreamble, PBGC indicated that it intends to propose a separate rule of general applicability under section 4213(a) of ERISA to prescribe actuarial assumptions that may be used by a … Splet15. sep. 2024 · PBGC’s 2024 proposal called for the agency to adopt the Section 417 (e) (3) methodology for lump sums paid by the PBGC. In addition, for plans using the private-sector/Appendix C rates, PBGC proposed a final, fixed set of tiered rates equal to a 10-year average of the published rates over the period ending in July 2024. SpletSeyfarth Synopsis: On July 9, 2024, the PBGC issued its interim final rule on ARPA’s Special Financial Assistance Program for financially troubled multiemployer pension plans. The … change glastonbury delivery address