Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

PBGC Revises View of Coverage for Puerto Rican and Other Territorial Plans (PDF)
Buck Link to more items from this source
[Guidance Overview]
Jan. 8, 2014
"If employers do not want PBGC coverage and hope to save the cost of PBGC premiums, they may wish to consider ways to position their plans to fall outside the PBGC's revised view of the coverage requirement for Puerto Rico and Guam employer plans. For plans no longer covered, presumably a refund of past premium payments can be pursued. If no longer covered, steps should also be taken to remove any PBGC coverage language from the plan's summary plan description. If PBGC coverage is desired for Puerto Rican qualified plan participants, then either a U.S. trust or an irrevocable section 1022(i)(2) election by the administrator of a plan with a Puerto Rican trust would be needed."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.