Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Text of PBGC Report to Congress on Sufficiency of Premiums Under MPRA (PDF)
Pension Benefit Guaranty Corporation [PBGC] June 20, 2016 25 pages. "Projected premiums at the MPRA legislated rates ... become insufficient to pay average projected financial assistance obligations during FY 2024.... The range of potential [premium] increases is wide, ranging from 59 percent to 85 percent for 10 year solvency and from 363 percent to 552 percent for 20 year solvency.... A well designed [premium] increase may encourage additional contributions, encourage continued participation in plans, and strengthen the multiemployer system. A poorly designed premium increase may encourage employer withdrawals and accelerate plan insolvency with a resulting cost to plan participants and a need for even larger premiums." |
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