Nicholas Pension Consultants
Retirement Plan Consultants
ERISA Services, Inc.
Loren D. Stark Company
RTD Financial Advisors
Plumbers Local Union No. 1 Benefit Funds
Hochheiser Deutsch & Co, Inc.
EPIC Retirement Plan Services
Kentucky Trust Company
Farmer & Betts, Inc.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Text of PBGC Final Regs: Adjustment of Civil Penalties for Inflation|
Pension Benefit Guaranty Corporation [PBGC]
Jan. 12, 2021
"On December 23, 2020, the Office of Management and Budget issued memorandum M-21-10 on implementation of the 2021 annual inflation adjustment pursuant to the 2015 Act.3The memorandum provides agencies with the cost-of-living adjustment multiplier for 2021, which is based on the Consumer Price Index (CPI-U) for the month of October 2020, not seasonally adjusted. The multiplier for 2021 is 1.01182. The adjusted maximum amounts are $2,259 for section 4071 penalties and $301 for section 4302 penalties."
|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 link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|