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The immediate interest rate for valuing lump sum payments for the month of March 2010 is 2.75%. The deferred interest rate I₁ is 4.00%, I₂ is 4.00%, and I₃ is 4.00%. (The immediate interest rate for February 2010 was 2.75% for lump sum payments; the deferred interest rate I₁ was 4.00%, I₂ was 4.00%, and I₃ was 4.00%).

Link http://www.pbgc.gov/rates/interest.html

Document Excerpt

The immediate interest rate for valuing lump sum payments for the month of January 2010 is 2.50%. The deferred interest rate I₁ is 4.00%, I₂ is 4.00%, and I₃ is 4.00%. (The immediate interest rate for December 2009 was 2.50% for lump sum payments; the deferred interest rate I₁ was 4.00%, I₂ was 4.00%, and I₃ was 4.00%).

Link http://www.pbgc.gov/rates/interest.html

Document Excerpt

The immediate interest rate for valuing lump sum payments for the month of January 2010 is 2.50%. The deferred interest rate I₁ is 4.00%, I₂ is 4.00%, and I₃ is 4.00%. (The immediate interest rate for December 2009 was 2.50% for lump sum payments; the deferred interest rate I₁ was 4.00%, I₂ was 4.00%, and I₃ was 4.00%).

Link http://www.pbgc.gov/rates/interest.html

Document Excerpt

Reportable Events and Form 200; draft information requirements: The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site. PBGC has posted the information that would be required (under the proposed rule) to be reported on Form 10, Form 10-A, and Form 200 and the corresponding draft instructions. (12/04/09)

Link http://www.pbgc.gov/practitioners/whatsnew.html

Document Excerpt 

This is a proposed rule to conform PBGC’s reportable events regulation under section 4043 of ERISA and a number of other PBGC regulations to statutory changes made by the Pension Protection Act of 2006 (PPA 2006) and to revisions of other PBGC regulations that implement the statutory changes. The rule would also eliminate most of the automatic waivers and filing extensions currently provided under the reportable events regulation and make other amendments to the regulation. For example, the rule would create two new reportable events based on provisions in PPA 2006 dealing with funding-based benefit limits and with asset transfers to retiree health benefits accounts.

Link http://edocket.access.gpo.gov/2009/pdf/E9-28056.pdf

 Document Excerpt

The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site. PBGC has posted the information that would be required (under the proposed rule) to be reported on Form 10, Form 10-A, and Form 200 and the corresponding draft instructions. (12/04/09)

Link http://www.pbgc.gov/practitioners/whatsnew.html

Document Excerpt :

This notice informs the public of the PBGC flat premium rates for premium payment years beginning in 2010 and announces that PBGC will no longer publish annual flat premium rate notices in the Federal Register. These rates can be derived from information published elsewhere and are published by PBGC on its Web site (http://www.pbgc.gov).

Link http://edocket.access.gpo.gov/2009/pdf/E9-28640.pdf

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Document Excerpt

Benefit Restrictions - Present Value of PBGC Maximum Guarantee: The Pension Protection Act of 2006 provides that, generally beginning in 2008, single-employer plans that are between 60 and 80 percent funded may not pay lump sums or other accelerated distribution forms with values in excess of: (1) 50 percent of the amount that would be paid absent the restriction or, if smaller (2) the present value of PBGC’s maximum guarantee computed under PBGC guidance. Technical Update 07-04 describes the methodology used to determine the present value of PBGC’s maximum guarantee and explains that a table will be posted for each calendar year. On November 23, 2009 PBGC posted the 2010 table. (11/25/09)

Link http://www.pbgc.gov/practitioners/whatsnew.html