Defined benefit plans

• Multiemployer Alert: PBGC multiemployer program continues on a path toward insolvency

  09 August 2019

  The projections report for fiscal year (FY) 2018.has been released by the Pension Benefit Guaranty Corporation (PBGC), with three key takeaways for plan sponsors.

• Pension Funding Index August 2019

  By Charles J. Clark, Zorast Wadia | 08 August 2019

  In July, the funded status of the 100 largest corporate defined benefit plans decreased by $11 billion as measured by the Milliman 100 Pension Funding Index.

• Multiemployer Review: IRS expands determination letter program for retirement plans

  By Carrie Vaughn | 30 July 2019

  The determination letter program for certain retirement plans, previously restricted in 2017, will be expanded on September 1, 2019.

• Multiemployer Alert: U.S. House of Representatives Passes Multiemployer Pension Legislation

  29 July 2019

  The Rehabilitation for Multiemployer Pensions Act is intended to provide assistance to financially distressed multiemployer pension plans.

• Public Pension Funding Index, 2nd Quarter 2019

  By Rebecca A. Sielman | 29 July 2019

  The estimated funded status of the 100 largest U.S. public pension plans grew from 71.0% at the end of March 2019 to 72.2% at the end of June 2019 as measured by the Milliman 100 Public Pension Funding Index.

• Critical Point Episode 16: How pensions in America have changed (and should change again)

  By Kelly S. Coffing, Rebecca A. Sielman | 17 July 2019

  The American pension plan is in flux, but not for the first time in U.S. history; this episode discusses why it’s a turbulent time for retirement security and what the next generation of pension plans could – and should – look like.

• Pension Funding Index July 2019

  By Charles J. Clark, Zorast Wadia | 08 July 2019

  In June, the funded status of the 100 largest corporate defined benefit pension plans increased by $1 billion as measured by the Milliman 100 Pension Funding Index.

• Pension Funding Index June 2019

  By Charles J. Clark, Zorast Wadia | 12 June 2019

  In May, the funded status of the 100 largest corporate defined benefit pension plans decreased by $65 billion as measured by the Milliman 100 Pension Funding Index.

• Public Pension Funding Index, 1st Quarter 2019

  By Rebecca A. Sielman | 28 May 2019

  The estimated funded status of the 100 largest U.S. public pension plans jumped from 67.2% at the end of December 2018 to 71% at the end of March 2019 as measured by the Milliman 100 Public Pension Funding Index.

• PBGC final rule on Plan Sponsor’s Duties for Terminated and Insolvent Multiemployer Plans

  By Yutaro Seki, Michael A. Sudduth | 24 May 2019

  The Pension Benefit Guaranty Corporation’s final rule issued on May 2 addresses reporting and disclosure requirements for plan sponsors of certain terminated and/or insolvent multiemployer pension plans.

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