1-B-4 - PBGC Update - Multiemployer Edition

Over the past year, PBGC has been actively reviewing SFA applications and made a number of SFA payments to eligible plans. PBGC has also issued final regulations on 4044 interest rates and other assumptions. This session is an opportunity for multiemployer pension actuaries to hear directly from PBGC on the SFA program and other key topics of interest in regard to PBGC’s multiemployer insurance program. Representatives discuss updated statistics about plans that have already received SFA, observations on the application process, PBGC guidance, “lessons learned” from applications received to-date, what to expect for plans that have not yet applied, updates on the census data review process in the last year, and information on filings to demonstrate compliance with conditions after receiving SFA; review PBGC’s most recent financial position and projected funding position of the multiemployer insurance program; discuss the new 4044 assumptions and the impact on withdrawal liability calculations; and cover other PBGC activities – including the upcoming 2025 premium due date, changes to the Form 5500, and newly available resources (i.e., the most recent pension insurance data tables).

Speakers:

Eric Giangiulio

Pension Benefit Guaranty Corp.

Mr. Kevin M. Muse

Pension Benefit Guaranty Corp.

Mr. Marcus Cleary

Pension Benefit Guaranty Corp.

Credits:

CPD Credit: 1.50 EA Core Credit: 1.50 EA Ethics Credit: 0.00 EA Non-Core Credit: 0.00 EA Formal Credit: 1.50