AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Compass
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Loan & Distribution Specialist AimPoint Pension
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PBGC Proposed Regs Simplify and Coordinate Premium Rate and Payment Rules
Practical Law Company [Guidance Overview] July 25, 2013 "Under current rules, for a plan terminating in a standard termination, the final premium may be due months after the plan is terminated. The proposed rule creates a new premium due date for terminating plans that coordinates with the final step in a standard termination ... As a practical matter, this accelerates the premium deadline for terminating plans that close out within the first six and one-half months of the final year. However, the PBGC is also proposing to exempt plans from variable-rate premiums for the final year (even if the termination date comes within that year), which reduces the burden of computing a variable-rate premium under this accelerated deadline[.]" |
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