Summary of Recent Changes to the Amount and Filing Dates of PBGC Premiums
President Obama signed into law the Bipartisan Budget Act of 2013 (BBA) on December 26, 2013. Although the law primarily is an agreement on a two year budget, it also contains provisions that will increase the Pension Benefit Guaranty Corporation (PBGC) flat-rate and variable-rate premiums for single employer plans for the second time in less than two years, effective December 31, 2013. Also, on January 3, 2014, the PBGC published a final rule moving the flat-rate premium due date for large single employer and multiemployer plans.
Click here to view the highlights of the new law and the new rule
Click here for more details and sample calculations
Matt Deveney, ASA, EA, a member of the Towson University Advisory Board on Actuarial Science, announced that the University has been designated by the Society of Actuaries as a Center for Actuarial Excellence.
Towson University is one of only 15 schools in the country with this honor.
Click here to visit Towson University's Department of Mathematics.
Bolton Partners is an employee benefits consulting firm that specializes in actuarial pension consulting and health and welfare consulting for corporate, public sector, and multi-employer organizations. Our sister company, Bolton Partners Investment Consulting Group, provides investment consulting services and benchmarking for both defined contribution and defined benefit plans. The firm was founded in 1981 by Robert Bolton and now has over 100 employees with locations in Baltimore, MD; Washington, D.C.; Boca Raton, FL; Philadelphia, PA; Denver, CO; Atlanta, GA; and Trenton, NJ. Bolton Partners has a national client base, and our sole focus is to provide the best service for our clients.
“The hallmarks of our company are independence, integrity, technical excellence, and a passion for client service.”
- Robert G. Bolton, CEO
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