PBGC Announces 2017 Premium Rates
The Pension Benefit Guaranty Corporation (PBGC) has announced the premium rates that will apply in 2017. The 2017 premium rates are noted in the chart below, along with the 2016 rates, and scheduled increases for 2018 and 2019.
|
Rate |
2019 |
2018 |
2017 |
2016 |
|
Single-employer Flat-Rate Premium |
$80 |
$74 |
$69 |
$64 |
|
Single-employer Variable-Rate Premium per $1,000 UVBs1 |
$42* |
$38* |
$34 |
$30 |
|
Single-employer Variable-Rate Per Participant Cap |
$517* |
$517* |
$517 |
$500 |
|
Multiemployer Flat-Rate Premium |
$28* |
$28* |
$28 |
$27 |
Rates shown with an asterisk (*) are subject to indexing and therefore might be higher than the amount shown above. After 2019, all rates are subject to indexing. There are currently no scheduled increases (other than indexing) for years after 2019.
If you have any questions about these or other limits or about the impact on your plan, contact your Cheiron consultant.
Cheiron is an actuarial consulting firm that provides actuarial and consulting advice. However, we are neither attorneys nor accountants. Accordingly, we do not provide legal services or tax advice.
1 Unfunded Vested Benefits.