The Pension Benefit Guaranty Corporation (PBGC) finalized regulations regarding the treatment of rollovers into defined benefit plans if the plan is terminated and trusteed by the PBGC (the “rollover regulations”). The PBGC indicates that the final rollover regulations are the same as the proposed regulation, except for some minor clarifications. The PBGC indicates that it is amending the current rollover regulation in anticipation of the increased use of rollovers from defined contribution (DC) plans to defined benefit (DB) plans, to promote retirement security, and to expand the opportunity for participants to elect lifetime annuity options by rolling over savings from DC to DB plans.
To read more, click here.
No comments:
Post a Comment
Please be aware that all comments are moderated before posting. As a result, there may be a delay between the time you submit a comment and when it is posted.