A new schedule change ending the twice-a-year premium requirement to large company-sponsored pension plans, orchestrated by the Pension Benefit Guaranty Corporation, is expected to be a boon for retirement plan sponsors.
Under the new rule, the PBGC says that large plans covering more than 500 people and multiemployer plans will now have to only calculate and pay premiums once a year. The guidelines, published in the Federal Register on Jan. 3, have served to limit to the two installment payments at different times of the year.
