Volume 39 | Issue 119
Download this For Your Information as a printable PDF
PBGC has announced 2017 premium rates for single-employer and multiemployer plans. The rates for single-employer plans reflect the premium hikes in the Bipartisan Budget Act of 2015 (see our November 2, 2015 FYI Alert); the rates for multiemployer plans reflect the increase under the Multiemployer Pension Reform Act of 2014 to $26 for 2015 with inflation increases thereafter (see our
January 12, 2015 For Your Information).
Single-Employer Plan Rates
The announced rates for 2017 are highlighted in bold in our comparative table, which includes rates for 2018 and future years as set under the 2015 Bipartisan Budget Act changes.
Year |
Per-participant flat rate |
Variable rate per $1,000 UVBs |
Variable rate per- participant cap |
2016 |
$64 |
$30 |
$500 |
2017 |
$69 |
$34 |
$517 |
2018 |
$74 |
2017 rate indexed plus $4 |
$517 indexed |
2019 |
$80 |
2018 rate indexed plus $4 |
$517 indexed |
After 2019 |
$80 indexed |
2019 rate indexed |
$517 indexed |
Multiemployer Plan Rates
The multiemployer rate, like the single employer rate, is indexed to reflect inflation based on changes in the national average wage index, rounded to the nearest dollar. For 2017, this index raises the multiemployer premium rate to $28 per participant.
In Closing
Our For Your Reference, a wallet-sized booklet showing retirement plan and other benefit limits and various Social Security and Medicare key figures, will be available shortly from your consultant.