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PBGC Announces 2018 Premium Rates

The Pension Benefit Guaranty Corporation (PBGC) has announced the premium rates that will apply in 2018. Single-employer plan rates have increased but the multiemployer plan rate is unchanged. The current rates, the 2018 rates and scheduled increases for 2019 are noted in the chart below.

Rate

2017

2018

2019

Single-employer Flat-Rate Premium Per Participant

$69

$74

$80

Single-employer Variable-Rate Premium per $1,000 UVBs1

$34

$38

$42*

Single-employer Variable-Rate Per Participant Cap

$517

$523

$523*

Multiemployer Flat-Rate Premium Per Participant

$28

$28

$28*

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 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.

 
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