President’s Budget Would Allow PBGC to set Premiums

President Obama’s recently released proposed budget would, for the first time, allow the PBGC to set its own premiums.

Document Excerpt

The proposal, contained in the President’s FY2012 budget, would allow the PBGC to set its own premiums based on the financial health of the premium payer and the circumstances of the individual plan. Historically, Congress has raised PBGC premiums by legislation, but has generally not taken the individual circumstances of different company sponsors into account. As a result, financially sound companies are forced to subsidize those that are not.


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