December 17, 2015
The latest Bipartisan Budget Act of 2015, which was summarized in a recent Sibson publication, raised Pension Benefit Guaranty Corporation (PBGC) premiums and temporarily reduced required pension funding. This is the third time since 2012 that a law has been passed including similar provisions. The impact of these changes has grown, making a review of the implications increasingly important.
Sibson discussed ways to mitigate increased PBGC premiums in a 2014 publication and addressed the implications of lower funding requirements in a 2013 publication. Although the environment has changed since then, including the Federal Reserve’s decision this week to relax its monetary policy by raising interest rates, now is a good time for plan sponsors to have a conversation with their Sibson consultant about the still-relevant strategies outlined in those publications.
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