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PBGC Reportable Events: What You Need to Know About the New Rules

Lorman Education Services

Mar. 17, 2016
Recorded Online
Webcast

1:00 - 2:30 pm EST

Understanding how reportable events work can be critical under a company's loan covenants and create financial challenges if not recognized and dealt with properly.

Pension plans and the companies who sponsor them are required to give the Pension Benefit Guaranty Corporation (PBGC) notice of Reportable Events - events and transactions affecting either the company or the plan that may signal financial problems and potentially put pensions at risk. Employers need to know when a reportable event occurs and when to file with the PBGC. Failing to recognize and timely file a notice of reportable event can subject a company to penalties of up to $1,100 per day of delay.

This topic explains the new reportable event definitions under the PBGC regulations that went into effect January 1, 2016. Learn the expanded waiver provisions that employers need to know, deadlines for post event notices and advance notices, and new PBGC forms for reportable events.

Learn what the employer needs to know to comply with the new reportable event rules and avoid PBGC problems, what actions the PBGC is likely to take after a reportable event filing, and how to negotiate with PBGC in the event of threatened PBGC action. This is vital invormation for any employer with a defined benefit pension plan.

Learning Objectives

  • You will be able to to recognize reportable events that impact your company and its pension plan.
  • You will be able to describe how a pension plan can impact your company's loan agreements and the language you want to have in your loan covenants.
  • You will be able to identify the information you want to have to avoid PBGC penalties and adverse actions triggered by reportable events.
  • You will be able to discuss what powers the PBGS has to force compliance.

Continue by clicking on the following link:
http://www.lorman.com/training/single-and-multiemployer-pension-plan-reportable-event-rules-update?affiliate=benefitslink&p=16054&c=99

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