The Pension Benefit Guaranty Corporation (PBGC) has released its 2021 premium rates. The PBGC is a government agency that collects insurance premiums from employers that sponsor defined benefit plans. The 2021 flat premium rate for PBGC’s single-employer plan termination insurance program will be $86 per participant, up from the 2020 premium rate of $83. The 2021 premium rate for multi-employer plans will be $31 per participant, up from the 2020 rate of $30. For 2021, the variable-rate premium (VRP) for single-employer plans will be $46 per $1,000 of unfunded vested benefits. The VRP is capped at $582 times the number of participants for 2021. Call or visit our website for more information! www.mjscpa.com/
