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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
