The Pension Benefit Guaranty Corp. is proposing changes that will allow large pension plan sponsors to reduce the number of premium payments they make in half
Currently, large-plan sponsors — those with at least 500 participants — pay insurance premiums twice a year. The new approach would allow them to pay their premium just once a year, 9 ½ months after the start of a plan year.
These changes would take effect in 2014.
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