flosfur Posted March 19, 2004 Posted March 19, 2004 What's the latest on the proposal to change the PBGC interest rate for calculating the variable prem? Is the congress even looking at this right now? The low interest rates starting Jan 2004 is producing a variable prem for some of the plans I am working on.
david rigby Posted March 19, 2004 Posted March 19, 2004 HR3108. No action in conference committee, although some discussion has been held. Note that the proposal would change the definition of the iterest rate, but does not change the "85% of prior month" characteristic. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
MGB Posted March 19, 2004 Posted March 19, 2004 The conferees are meeting and dealing with a number of different issues in the bill. This part of it has been settled, but the status of the overall bill is in jeopardy because of DRC and multiemployer relief provisions. They must finish their work within the next week and a half, or else will not be able to do it until late April (after the first quarterly contributions are due). This is because Congress recesses for two weeks on April 1.
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