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PBGC Staff Suggests Plan Spinoffs Made to Reduce Premiums ‘Should Be Disregarded’

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“Reverse spinoff” transactions being considered by some retirement plans to avoid Pension Benefit Guaranty Corp. (PBGC) premiums “should be disregarded” by the agency, staff suggested in a recent web posting.

Source: Bill Oxford / iStock / Getty

The interpretation was posted on a new web page offering staff responses to practitioners’ questions about requirements such as Employee Retirement Income Savings Act (ERISA) Title IV, which outlines the plan termination insurance program covering defined benefit (DB) pension plans. The interpretations posted on the new PBGC page reflect the views of agency staff but are not rules, regulations, or statements of

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