HHS Extends Public Health Emergency due to COVID-19By Randy Scherer & Stephen EvansTechnical Update 20-2: PBGC Reverses Course on PBGC Premiums By Serena Yee7BCLP BENEFITS Q3 2020 … It’s fast, free and a secure way to receive payments. WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2020 Annual Report. Send us an email 24/7: mypension@pbgc.gov, Or, you can call 1-800-400-7242, Monday-Friday, 8:00 a.m.-7:00 p.m. PBGC pays for monthly retirement benefits, up to a guaranteed maximum, for nearly 801,000 retirees in 4,200 single-employer and multiemployer pension plans that cannot pay promised benefits. The guarantee limit for multiemployer plans is very different. As stated, the PBGC guarantees the benefits for Defined Benefit participants. ANALYSIS OF APPROPRIATION LANGUAGE . Age ... Pension Benefit Guaranty Corporation. Provided further, That to the extent that the number of new plan participants in plans terminated by the Corporation exceeds 100,000 in fiscal year 2020… Including those who have not yet retired and participants in multiemployer plans receiving financial assistance, PBGC is responsible for the current and future pensions of about 1.5 million people. Join the conversation and connect via the icons below. If the plan terminated while your employer was in a bankruptcy proceeding that began on or after September 16, 2006, guarantees are determined as of the date your employer’s bankruptcy proceeding began. By Pension and Benefits Editorial Staff. PBGC RETIREMENT PLAN 2 PBGC Retirement Plan The Pension Benefits Guaranty Corporation (PBGC) is a U.S. Government Agency created by the Employee Retirement Income Security Act (ERIS) of 1974 in the instance an employer-sponsored retirement plan became insolvent. However, if your plan fails while your employer is in bankruptcy, it’s the table for the year in which your employer entered bankruptcy. In general, the relevant table is the table for the year in which your plan fails (i.e. AUD-2020-5 December 20, 2019 . Accordingly, through the combination of the PBGC guarantee and the new pension plans funded by Giant and Safeway, UFCW members covered by the FELRA and MAP Funds will receive the … Accessed Feb. 29, 2020… PENSION BENEFIT GUARANTY CORPORATION. The Office of Information and Regulatory Affairs of the Office of Management and Budget has outlined the Pension Benefit Guaranty Corporation’s (PBGC) fall 2020 regulatory agenda, and the … The guarantee limit for multiemployer plans is very different. The Pension Benefit Guaranty Corporation (PBGC) is a federal government agency that insures the pension benefits of participants and beneficiaries covered by private-sector defined benefit plans in the event plans terminate with insufficient funds. PBGC Final Rule on Benefits Payable in Terminated Single-employer Plansby Practical Law Employee Benefits & Executive Compensation Related Content Published on 06 May 2014 • USA (National/Federal)The Pension Benefit Guaranty Corporation (PBGC) issued a final rule amending its regulation on benefits payable in terminated single-employer plans which codify the Pension … If you set up direct deposit, payments will be deposited in your account on these dates. 1099R tax forms for benefits paid in 2020 will be available for downloading and printing from MyPBA beginning February 2, 2021. Most workers in single-employer plans taken over by PBGC and multiemployer plans that receive financial assistance from PBGC receive the full pension benefit that they earned.5 However, among participants in multiemployer plans that were … Benefits PBGC Raises Pension Premium Rates for 2020 Reducing plan head count could lessen the bite of higher premiums smiller@shrm.org. PBGC will pay guaranteed benefits, usually covering a large part of total earned benefits, and make strong efforts to recover funds from the employer. If you have a bank account, we encourage you to choose direct deposit. In addition, PBGC may seek to terminate a single-employer plan without the employer's consent to protect the interests of workers, the plan or PBGC's insurance fund. The basic benefits that are covered by the PBGC consist of a pension upon achieving retirement age, most early retirement benefits, ... "Guaranteed Benefits." The present value of the maximum guarantee for purposes of Code Sec. Generally, PBGC does not guarantee any monthly pension amount that is greater than the monthly benefit your plan would have provided if you had retired at your normal retirement age. When such a plan terminates, PBGC typically is appointed statutory trustee of the plan and becomes responsible for Start Printed Page 55588 paying guaranteed benefits in accordance with section 4022 of ERISA and PBGC's regulation on Benefits Payable in Terminated Single-Employer Plans (29 CFR part 4022). Under current law PBGC guarantees a multiemployer plan participant’s monthly benefit up to 100% of the first $11 per year of service plus75% of the next $33 per year of service. For example, the PBGC limits its guarantee based on the age of the participant and whether the participant is a majority owner. Find your maximum monthly guaranteed amount, which is set by law and based in part on your age. Guaranteed Defined Benefits. Add to Binder ... ("DOL"), and Pension Benefit Guaranty Corporation ("PBGC"). When calculating the unfunded vested benefits, “prior year contributions” are taken into account if paid by the date of the premium filing. As a result, PBGC will stop publishing the ERISA 4022 immediate and deferred rates after 2020. If you receive federal benefits, including some provincial/territorial benefits, you will receive payment on these dates. 2020-26209 Filed: 12/4/2020 … The two programs differ significantly in the level of benefits guaranteed, the premium structure, and the events that trigger benefit guarantees… This section applies only to single-employer plans. PBGC mails paper checks before the first of each month. The reduction for the participant’s age does not apply for certain disabled participants (see Guarantees for Disabled Participants). If you have any questions, please call us at 1-800-400-7242. The Pension Benefit Guaranty Corporation (PGBC) is a wholly owned government corporation that insures private pension benefits under separate programs for single-employer and multiemployer plans. 6  How PBGC Is Funded While the PBGC is a federal agency, it is … The Pension Benefit Guaranty Corporation (PBGC) has released its Fiscal Year (FY) 2020 Annual Report, which notes, among other things, that the expected insolvency date of the agency’s … 1200 K Street, NW, Washington, DC 20005-4026 oig.pbgc.gov . The Pension Benefit Guaranty Corporation (PBGC) has issued a table of the maximum monthly guarantee limits showing the 2020 monthly maximum benefit guarantees for retirees from … Additional limits may apply for certain airline industry plans. PBGC - 2 . Issue Brief PBGC Single-Employer Premiums and Their Impact on Plan Sponsorship OCTOBER 2020. PBGC provided financial assistance to 91 multiemployer pensions.4 PBGC benefits to plan participants are capped by a statutory maximum amount. In a message accompanying the FY 2020 Annual … These responses reflect the views of individual staff members and do not represent the official position of PBGC. PBGC must act to terminate a plan that cannot pay current benefits. MEMORANDUM TO THE BOARD OF DIRECTORS . Pension Benefit Guaranty Corporation’s Fiscal Year 2019 Compliance with the Federal Information Security Modernization Act of 2014 Report No. Under the agreement, the MAP Fund was combined into the FELRA Fund on December 31 st and, when the FELRA Fund becomes insolvent, which is projected to occur in late 2022, PBGC will pay FELRA Fund benefits guaranteed by PBGC under law and two new plans, funded by Giant and Safeway, will pay any FELRA Fund benefits not guaranteed by the PBGC. Maximum Guarantee Tables for Current and Prior years, 2021 |2020 |2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 | 1984 | 1983 | 1982 | 1981 | 1980 | 1979 | 1978 | 1977 | 1976 | 1975 | 1974 |, Send us an email 24/7: mypension@pbgc.gov, Or, you can call 1-800-400-7242, Monday-Friday, 8:00 a.m.-7:00 p.m. 1099R tax forms for benefits paid in 2020 will be available for downloading and printing from MyPBA beginning February 2, 2021.Just click on the "Your Tax Forms" link on the right-hand side of the My … The PBGC is currently paying monthly benefits to approximately … On February 4, 2020, the Pension Benefit Guaranty Corporation (“PBGC”) issued final regulations (the “Final Rule”) covering reportable events, annual reporting under ERISA section 4010, plan termination filings, and PBGC premiums. How Much of Your Pension Is Guaranteed . The table that applies to your plan depends on when your plan fails and whether your employer was in bankruptcy at that time. The single-employer fund, though, … WASHINGTON, D.C. ... WASHINGTON, D.C. – Pension Benefit Guaranty Corporation (PBGC) Director Gordon Hartogensis today released PBGC management’s response to a PBGC … Pension Benefit Guaranty Corporation. There are also negotiated protections … 436(d)(3)(A)(ii) and ERISA §206(g)(3)(C)(i)(II) is changing for 2020. The Pension Benefit Guaranty Corporation’s (PBGC) webpage has been updated to provide the 2020 premium rates for single-employer and multiemployer defined benefit (DB) plans. If the PBGC multiemployer insurance program itself becomes insolvent (discussed below), it will not be able to provide financial assistance for insolvent plans to pay benefits at even the already-reduced PBGC-guaranteed level. However, the PBGC does not guarantee all benefits. The PBGC has two separate pension insurance programs: one that covers single-employer plans and one that covers multiemployer plans. Just click on the "Your Tax Forms" link on the right-hand side of the My Plan page. 4 Table II-C. * * * * * Issued in Washington, DC, by: Hilary Duke, Assistant General Counsel for Regulatory Affairs Pension Benefit Guaranty Corporation. The maximum amount that PBGC guarantees is set each year under provisions of ERISA. Guaranteed benefits and benefit liabilities under a plan that is undergoing a distress termination must be valued in accordance with subpart B of part 4044. The PBGC notes in its recent report of the data that 2.4 million participants received either a lump-sum distribution or an annuity as part of a risk transfer transaction, and, thus, are no longer participating in their DB plan or, in the case of a risk transfer, are not covered by PBGC insurance. For Workers & Retirees 1-800-400-7242 8:00 a.m. to 7:00 p.m. Eastern … The PBGC caps the amount of monthly income it insures; this amount is set by law and adjusted yearly. PBGC’s Fiscal Year (FY) 2020 Annual Report shows the agency’s multiemployer insurance program will become insolvent sometime in FY 2026. Conversely, amounts are higher for older ages. December 10, 2020. Instead, he added, the pensioners would have received the PBGC-guaranteed benefit levels, which were likely to be less than the full accrued benefits. The Office of Inspector General issued the audit report of the financial statements of the Single-Employer and Multiemployer Program Funds administered by the Pension Benefit Guaranty Corporation (PBGC… The PBGC’s announcement came a day after the Internal Revenue Service (the “IRS”) issued Notice 2020-23, which extended certain deadlines, including for Form 5500 returns, to July 15, 2020 as a result of COVID-19. Pension Benefit Guaranty Corporation . Though guaranteed benefits depend on the years of service a participant earned through qualifying work, the maximum guarantee is currently $12,870 per year for a retiring participant that had 30 years of service. By Ted Knutson | September 22, 2020 … PBGC: Proposed Rule Stage: Valuation Assumptions and Methods: Interest and Mortality Assumptions for Asset Allocation in Single-Employer Plans and Mass Withdrawal Liability Determination in Multiemployer Plans : 1212-AA55: PBGC: Proposed Rule Stage: Multiemployer Plan Guaranteed Benefits : 1212-AB37: PBGC: Proposed Rule Stage As of November 2020, the PBGC insured defined-benefit pension plans covering approximately 35 million people. The PBGC proposed to amend its benefit payments regulation to provide that it will use the “applicable interest rate” Section 417(e)(3)(C) specifies for the month containing a plan’s termination date to calculate the present value of annuity benefits (for the purposes of determining if a benefit is de minimis and, if it is, the amount payable as a lump sum). The Pension Benefit Guaranty Corporation (PBGC) on Nov. 7 posted a table showing the applicable present values of the maximum PBGC guaranteed benefit for 2020 plan years. PBGC Premiums and Guaranteed Benefits. with PBGC November 2, 2020. the calendar year that includes the plan's termination date). The PBGC’s variable-rate premium is based on a plan’s unfunded vested benefits. The PBGC has two separate pension insurance programs: one that covers single-employer plans and one that covers multiemployer plans. The PBGC provided $173 million in financial assistance to 95 multiemployer plans during fiscal year 2020, including one facilitated merger. In 2020, for a pension recipient age 65 whose company plan was covered by PBGC, and who is taking a joint life payout with 50% to be paid to a survivor, the maximum amount of benefit … The Pension Benefit Guaranty Corporation (PBGC) has issued a table showing the present value of the PBGC’s maximum benefit guarantee for 2020. FROM: Robert A. Westbrooks … BCLP Benefits Newsletter Q3 2020 IRS, DOL, and PBGC Guidance October 27, 2020 Binder Icon. Audit of the Pension Benefit Guaranty Corporation’s Fiscal Year 2019 and 2018 Financial Statements (AUD-2020-02), issued November 15, 2019. 1 Applicable tables for valuation dates before 2021 are available on PBGC’s website (www.pbgc.gov). [FR Doc. The maximum pension benefit guaranteed by PBGC is adjusted yearly by law. PBGC guarantees the "basic benefits" you earned before your pension plan’s termination date (or the date your employer’s bankruptcy proceeding began, if applicable) up to legal limits set by Congress. For detailed information about how it has affected participants, see our Multiemployer Guarantee Study. Normal mail delays, delays due to inclement weather or other uncontrollable events may result in checks being delivered later. In 2020, eligible participants retiring at age 65 could receive a maximum benefit … 85 Fed. During FY 2020, the PBGC paid $6.1 billion in benefits to more than 984,000 retirees in single-employer plans. Social Security benefits payable in 2020 will increase by 1.6%, the Social Security Administration (SSA) announced Oct. 10 in updates that include the 2020 taxable wage base and the 2018 national average wage.PBGC likewise has released inflation-indexed premium amounts for next year, and Mercer has estimated the maximum guaranteed benefit for 2020. PBGC Releases FY 2020 Annual Report. For more information, see: Higher limits may apply for people who met their plan’s requirements for a disability pension (whether they are receiving a disability pension or a non-disability pension) before the plan’s termination date. The PBGC maximum guarantee for participants in single-employer plans is determined using a formula prescribed by federal law that calls for periodic increases tied to a Social Security index. The maximum pension benefit guaranteed by PBGC is adjusted yearly by law. PBGC estimates that under its projection, most participants would receive less than $2,000 per year and in many cases, much less. The two programs differ significantly in the level of benefits guaranteed, the premium structure, and the events that trigger benefit guarantees. Agency Rule List - Fall 2020. The Pension Benefit Guaranty Corporation (PBGC) on Nov. 7 posted a table showing the applicable present values of the maximum PBGC guaranteed benefit for 2020 plan years. 2 Table II-A. The report notes, among other things, that the agency’s Multiemployer … In 2020, for a pension recipient age 65 whose company plan was covered by PBGC, and who is taking a joint life payout with 50% to be paid to a survivor, the maximum amount of benefit covered by insurance is $5,231.25 a month. The PBGC protects the pension benefits of approximately 44 million Americans in more than 27,500 private employer pension plans. However, if your plan fails while your employer is in bankruptcy, special rules apply as shown below: Your maximum guaranteed amount also will reflect the age of your designated beneficiary if your benefit provides payments to a survivor. For more information, see “. A description of how the multiemployer plan guarantee works is included on our Multiemployer FAQ page. Starting in 2020, all premium amounts — … In FY 2020, PBGC approved the first facilitated merger under the Multiemployer Pension Reform Act of 2014, providing financial assistance to help preserve the solvency of the merged plan and protecting retiree benefits in a way that will not impair PBGC's … Reg. The table shows the present value of the maximum PBGC guaranteed benefit … On September 9, 2020, PBGC issued a final rule modifying the assumptions that will be used to determine lump sums in trusteed plans starting in 2021. Practitioners may wish to review Staff Responses to Practitioner Questions about Guaranteed Benefits. Download a PDF version here.. Background. Agency Agenda Stage of Rulemaking Title RIN; PBGC: Proposed Rule Stage: Valuation Assumptions and Methods: Interest and Mortality … The PBGC pays a maximum of $12,870 in benefits to members of insolvent plans, while it guarantees up to $67,295 for the private single-employer plans. PBGC guarantees the "basic benefits" you earned before your pension plan’s termination date (or the date your employer’s bankruptcy proceeding began, if applicable) up to legal limits set by Congress. Benefits include: For more information, see General FAQs About PBGC. The PBGC caps the amount of monthly income it insures; this amount is set by law and adjusted yearly. If a PBGC-covered plan terminates and does not have enough money to pay all promised benefits, the PBGC will take over the plan and pay benefits up to the PBGC-maximum guaranteed level. PBGC Premiums. For pension plan sponsors, PBGC premiums … Pension Benefit Guaranty Corporation—CBO’s Baseline as of March 6, 2020 . 3 Table II-B. For single … The formula provides lower amounts for younger ages reflecting the fact that younger people will receive more monthly pension checks over their expected lifetime. PBGC Maximum Monthly Guarantees for 2020. The Pension Benefit Guaranty Corporation (PBGC) published a final rule (Final Rule) on September 9 providing that effective January 1, 2021, it will use the interest and mortality assumptions under Internal Revenue Code (Code) Section 417(e)(3) when determining de minimis lump sum benefits for single-employer defined benefit plans undergoing distress or involuntary terminations. ET, TTY/ASCII (American Standard Code for Information Interchange): call 1-800-877-8339 and ask to be connected to 1-800-400-7242, More contact information for Workers and Retirees. The formula also calls for reducing the amount for retirees who choose a payment form that continues benefits to a beneficiary after the retiree’s death. For information about how the multiemployer plan guarantee works, see our Multiemployer FAQ page. Benefits payment dates. The maximum guarantee tables for 2021 and earlier years are provided below. PBGC's regulation on Allocation of Assets in Single-Employer Plans (29 CFR part 4044) sets forth (in subpart B) the methods for valuing plan benefits of terminating single-employer plans covered under title IV. The PBGC Update referenced above addresses the IRS guidance and its impact on the PBGC premium filings by providing that, for premium filings due on or after March 1, 2020, and before January 1, 2021, the date by which prior-year contributions must be received by the plan to be included in plan assets used to determine the variable-rate premium is extended to January 4, 2021. This section applies only to single-employer plans. 6046. Learn more here. How Much of Your Pension Is Guaranteed . Participants receiving or eligible for a disability pension have higher guarantee limits than non-disabled participants. The Pension Benefit Guaranty Corporation (PBGC) published a final rule (Final Rule) on September 9 providing that effective January 1, 2021, it will use the interest and mortality assumptions under Internal Revenue Code (Code) Section 417(e)(3) when determining de minimis lump sum benefits for single-employer defined benefit … The maximum guaranteed amount is generally based on your age when you first start receiving benefits from PBGC. On April 10, 2020, the Pension Benefit Guaranty Corporation (the “PBGC”) announced that deadlines for upcoming premium payments and certain other required filings due from April 1, 2020 through July 14, 2020 will be extended to July 15, 2020 … At the end of the year, 91 insolvent plans covering about 79,600 participants receiving guaranteed benefits continued to receive financial assistance, while another 27,600 participants in the insolvent plans are eligible to receive benefits when they retire. PBGC to let single employer plans delay variable-rate premium contributions Pension Benefit Guaranty Corporation eases up on an important deadline. ?The PBGC also reports that it assumed responsibility for the benefit payments … December 17, 2020 Note regarding ERISA 4022 immediate and deferred lump sum interest rates - On September 9, 2020, PBGC issued a final rule providing that, starting in 2021 PBGC will use rates … The table shows the present value of the maximum PBGC guaranteed benefit under Code Section 436(d)(3)(A)(ii) and ERISA Section 206(g)(3)(C)(i)(II). The assets Customer Contact. Each maximum guarantee table applies to a given calendar year. October 11, 2019 . The programs are funded through premiums paid by the plans, and PBGC Receive email notices when PBGC issues a press release. However, PBGC cannot guarantee delivery on the first of the month. IRS Notice 2020-23 extends until July 15, 2020, the deadline for certain employee benefit plan filings and other actions normally due from April 1 through July 14. Many of these new rules incorporate the prior proposed rules issued by PBGC … The Pension Benefit Guaranty Corp., which insures pension plan obligations, announced 2020 premium rate increases for defined benefit plans. On Oct. 11, PBGC announced inflation-adjusted 2020 premium rates and the variable-rate premium cap. Intersector Group Meeting with the Pension Benefit Guaranty Corporation Notes November 2, 2020 (Conference Call) Periodically the “Intersector Group” (“the Group”) meets with representatives of the … OFFICE OF … Please note: The Conference of Consulting Actuaries (CCA) provides these notes on an "as is" basis and without warranty of any kind, either expressed or implied, including, but not l imited to, warranties of accuracy, reliability, non-omissions or completeness. We see that you have visited MyPBA before, would you like to be directed to this site, Beneficiaries / Report Death of a Participant, Qualified Domestic Relations Orders and PBGC, State Life and Health Insurance Guaranty Association Offices, Missing Participants (Standard/Distress Terminations only), Federal Register Notices Open for Comment, ERISA Section 4044 Retirement Assumptions, Reportable Events & Large Unpaid Contributions, Staff Responses to Practitioner Questions about Guaranteed Benefits, Pension benefits at normal retirement age, Annuity benefits for survivors of plan participants, Disability benefits (see exception below), Lump-sum death benefits for a death that occurs after the date the plan ended, Disability benefits for a disability that occurs after the plan’s termination date (or the date your employer’s bankruptcy proceeding began, if applicable). ET, TTY/ASCII (American Standard Code for Information Interchange): call 1-800-877-8339 and ask to be connected to 1-800-400-7242, More contact information for Workers and Retirees, We see that you have visited MyPBA before, would you like to be directed to this site, PBGC Maximum Monthly Guarantees for 2013*, PBGC Maximum Monthly Guarantees for 2012*, PBGC Maximum Monthly Guarantees for 2011*, PBGC Maximum Monthly Guarantees for 2010*, PBGC Maximum Monthly Guarantees for 2009*, PBGC Maximum Monthly Guarantees for 2008*, PBGC Maximum Monthly Guarantees for Plans Terminating in 2007, PBGC Maximum Monthly Guarantees for Plans Terminating in 2006, PBGC Maximum Monthly Guarantees for Plans Terminating in 2005, PBGC Maximum Monthly Guarantees for Plans Terminating in 2004, PBGC Maximum Monthly Guarantees for Plans Terminating in 2003, PBGC Maximum Monthly Guarantees for Plans Terminating in 2002, PBGC Maximum Monthly Guarantees for Plans Terminating in 2001, PBGC Maximum Monthly Guarantees for Plans Terminating in 2000, PBGC Maximum Monthly Guarantees for Plans Terminating in 1999, PBGC Maximum Monthly Guarantees for Plans Terminating in 1998, PBGC Maximum Monthly Guarantees for Plans Terminating in 1997, PBGC Maximum Monthly Guarantees for Plans Terminating in 1996, PBGC Maximum Monthly Guarantees for Plans Terminating in 1995, PBGC Maximum Monthly Guarantees for Plans Terminating in 1994, PBGC Maximum Monthly Guarantees for Plans Terminating in 1993, PBGC Maximum Monthly Guarantees for Plans Terminating in 1992, PBGC Maximum Monthly Guarantees for Plans Terminating in 1991, PBGC Maximum Monthly Guarantees for Plans Terminating in 1990, PBGC Maximum Monthly Guarantees for Plans Terminating in 1989, PBGC Maximum Monthly Guarantees for Plans Terminating in 1988, PBGC Maximum Monthly Guarantees for Plans Terminating in 1987, PBGC Maximum Monthly Guarantees for Plans Terminating in 1986, PBGC Maximum Monthly Guarantees for Plans Terminating in 1985, PBGC Maximum Monthly Guarantees for Plans Terminating in 1984, PBGC Maximum Monthly Guarantees for Plans Terminating in 1983, PBGC Maximum Monthly Guarantees for Plans Terminating in 1982, PBGC Maximum Monthly Guarantees for Plans Terminating in 1981, PBGC Maximum Monthly Guarantees for Plans Terminating in 1980, PBGC Maximum Monthly Guarantees for Plans Terminating in 1979, PBGC Maximum Monthly Guarantees for Plans Terminating in 1978, PBGC Maximum Monthly Guarantees for Plans Terminating in 1977, PBGC Maximum Monthly Guarantees for Plans Terminating in 1976, PBGC Maximum Monthly Guarantees for Plans Terminating in 1975, PBGC Maximum Monthly Guarantees for Plans Terminating in 1974, Beneficiaries / Report Death of a Participant, Qualified Domestic Relations Orders and PBGC, State Life and Health Insurance Guaranty Association Offices, Missing Participants (Standard/Distress Terminations only), Federal Register Notices Open for Comment, ERISA Section 4044 Retirement Assumptions, Reportable Events & Large Unpaid Contributions, After your employer enters bankruptcy and before the plan terminates, The date you started receiving benefits from the plan, The date you started receiving benefits from PBGC. 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