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PBGC Premiums

Legislation has been introduced that addresses PBGC premiums, specifically moving these premiums “off-budget” to formally connote their intended use and to ensure Congress raises premiums only if and when it is appropriate. Current law recognizes PBGC premiums, as in the federal budget (“on-budget”), giving the impression that the revenue can be used for general government spending even though the premiums cannot be allocated to any government programs except PBGC benefit pension plans.

www.plansponsor.com; April 15, 2016.