PBGC Issues 2024 Premium Filing Instructions

The Pension Benefit Guaranty Corporation (PBGC) has posted Comprehensive Premium Filing Instructions for 2024 plan years. The filing requirements for 2024 are almost identical to the filing requirements for 2023.

Key changes to note for 2024 include premium rate changes:

• Single-employer plans other than cooperative and small-employer charity (CSEC) plans: The flat-rate premium is $101 per-participant, up from $96. Premium rates for CSEC plans are not indexed, and thus those rates have not changed.
  
• The variable-rate premium is unchanged at $52 per $1,000 but the unfunded vested benefits are capped at $686 per person, up from $652 in 2023.
• Multiemployer Plans: The flat-rate premium is $37 per-participant, up from $35. Multiemployer plans do not pay variable-rate premiums.

The Premium Customer Service email address remains [email protected].

The My PAA website has been updated and is ready to accept 2024 premium filings.