PBGC Premium Increases Punish the Good Guys
The ink is barely dry on the legislation that raised the Pension Benefit Guaranty Corporation (PBGC) premiums, and already there is a proposal to hike them again. In an op-ed that appears in Roll Call, Judy Miller, ASPPA’s Director of Retirement Policy, writes about the prospect and what it means and portends. She minces no words, pointing out that for 35 years the premiums were $1 per participant, but once the rate was raised, the government has used it as a virtual cash cow — and that doing so ill-serves employers with well-funded pension plans.
John Iekel is Senior Writer and Editor for ASPPA Net and NTSA Net.