Companies pay premiums to PBGC. And the recently passed highway bill increased those premiums. (Reply #81)

In the discussion thread: David Corn says this is just the first wave of Bain exposures [View all]

Tue Jul 17, 2012, 04:20 PM

antigop (12,778 posts)

81. Companies pay premiums to PBGC. And the recently passed highway bill increased those premiums.

http://www.pensionrights.org/issues/legislation/pension-provisions-hr-4348-%E2%80%93-moving-ahead-progress-21st-century-map-21-act#premiums

Pension Benefit Guaranty Corporation premiums

The Act increased premiums paid by traditional pension plans to the Pension Benefit Guaranty Corporation (PBGC), the federal agency that insures most private pension plans. The flat-rate premium for single-employer plans will increase from $35 per participant to $42 in 2013, $49 in 2014, and will be indexed for inflation in subsequent years. The variable-rate premium, now $9 for each $1,000 of unfunded vested benefits, will be indexed for inflation beginning in 2013 and increased by $4 in 2014 and $5 in 2015. The total variable premium for any plan year will be capped at $400 (indexed) per participant.

For multiemployer plans, the premium will increase from $9 to $12 per participant beginning in 2015 and then indexed to inflation thereafter.

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89 replies	Author	Time	Post
David Corn says this is just the first wave of Bain exposures [View all]	grasswire	Jul 2012	OP
Butter?	malaise	Jul 2012	#1
Brrraaaaaaaaaaaaaap!!!!! - 'scuse me.	TheCowsCameHome	Jul 2012	#5
Seriously this is delish	malaise	Jul 2012	#20
I'm a sculptor and I am constantly cleaning my hands to get on	snappyturtle	Jul 2012	#45
Buttered Corn?	DJ13	Jul 2012	#11
Enjoy	malaise	Jul 2012	#23
Yes please	Aerows	Jul 2012	#18
Feast away	malaise	Jul 2012	#24
Don't forget this...	Gold Metal Flake	Jul 2012	#47
Can We Get A More Healthy Snack	Yavin4	Jul 2012	#74
Popcorn is the healthiest snack around. Even real butter on top is not bad. New findings	juajen	Jul 2012	#75
Eating lots of buttered biscuits is cool when you work on a farm	demwing	Jul 2012	#82
Only if he releases his returns. He will never do that. Its a moot point. nt	riderinthestorm	Jul 2012	#2
Bain's record is public knowledge	MannyGoldstein	Jul 2012	#7
I sincerely hope you are right but the American public is going to latch onto sound bites	riderinthestorm	Jul 2012	#14
Obama's message machine is also extraordinary when	MannyGoldstein	Jul 2012	#30
A lot of people are morans, but who trusts somebody who is obviously hiding things?	yardwork	Jul 2012	#43
Answer to that one:	treestar	Jul 2012	#44
Better yet	LiberalFighter	Jul 2012	#50
You guys are very good.	MissMarple	Jul 2012	#69
And the answer is...	WinstonSmith4740	Jul 2012	#54
well said!	Blue_Roses	Jul 2012	#57
My response to that	Blue_Roses	Jul 2012	#56
this message isn't directed to the Mitt base	lunatica	Jul 2012	#64
So respond: "How can you trust Romney with our taxes	demwing	Jul 2012	#83
But Mitt did use our money. He stole those pension funds and made taxpayers make up the difference.	SunSeeker	Jul 2012	#86
He will have to if the heat gets turned up.	TheCowsCameHome	Jul 2012	#10
No can do !	jaysunb	Jul 2012	#13
That's a good option.	TheCowsCameHome	Jul 2012	#17
Don't go there	lark	Jul 2012	#73
Even without tax returns anyone who has made hundreds of millions has a long paper trail	Bjorn Against	Jul 2012	#15
You could tell tonight he's already on	DevonRex	Jul 2012	#42
Even tho he looked tired he's got SO much enthusiasm and a twinkle	snappyturtle	Jul 2012	#46
The OP isn't talking about tax returns. It's talking about public filings and contracts. Docs filed	Honeycombe8	Jul 2012	#21
I'm getting the feeling	PatSeg	Jul 2012	#3
+1 nt	jaysunb	Jul 2012	#16
Yep. I saw it. Said he and Fineman could	DevonRex	Jul 2012	#4
he and Fineman could each keep 100 reporters busy for 4 months digging into Romney's dealings	DJ13	Jul 2012	#12
It has ALREADY happened. Have you read the	DevonRex	Jul 2012	#19
Sure, its a hot story now	DJ13	Jul 2012	#25
I'd bet everything I own on INSURANCE FRAUD. Romney looted the pension funds knowing federal program	blm	Jul 2012	#29
Looting workers pension funds	B Calm	Jul 2012	#36
Did you see the Dem ad with the former steel worker?	snappyturtle	Jul 2012	#48
You just might be onto something there.	DevonRex	Jul 2012	#39
NO! NO! NO! The taxpayer DOES NOT PICK UP THE TAB FOR GOVERNMENT INSURANCE (PBGC)	antigop	Jul 2012	#67
wel, all and all, the consumer is still paying for it in added costs to their insurance premiums	blm	Jul 2012	#72
once again, the PBGC IS NOT FUNDED BY TAXPAYERS. It's on the PBGC website. n/t	antigop	Jul 2012	#78
the companies with defined benefit pension plans pay the premiums to the PBGC.	antigop	Jul 2012	#79
the PBGC is NOT FUNDED by taxpayer dollars. I keep trying to tell DU'ers this fact. n/t	antigop	Jul 2012	#68
ALL fraud affects the taxpayers. Plus....The article said he socialized the losses.	blm	Jul 2012	#71
the PBGC covers pensions of bankrupt companies. IT IS NOT FUNDED BY TAXPAYERS!	antigop	Jul 2012	#77
Companies pay premiums to PBGC. And the recently passed highway bill increased those premiums.	antigop	Jul 2012	#81
So then the Companies pay a higher premium - and guess what that means?	demwing	Jul 2012	#84
but taxpayers don't pay for premiums -- which is what several DU'ers have claimed n/t	antigop	Jul 2012	#87
not necessarily when it comes to pensions...the EMPLOYEES may pay for it, but not necessarily the	antigop	Jul 2012	#89
I do get that, and thanks for posting it I'll correct my wording, but costs ALWAYS get passed on	blm	Jul 2012	#85
not necessarily...in this case the employees may take the brunt..not the general public/taxpayer.	antigop	Jul 2012	#88
I missed the Vanity Fair article...	Blue_Roses	Jul 2012	#59
Here it is.	DevonRex	Jul 2012	#61
Oh..this is going to be fun..	HipChick	Jul 2012	#6
Like a smugglers cove	Rosa Luxemburg	Jul 2012	#8
Earlier Sharpton said that there were at least 134 documents that Rmoney signed	BumRushDaShow	Jul 2012	#9
It's not surprising- look how confident the Obama team is	KaryninMiami	Jul 2012	#22
My guess from the way Obama handled bin laden	Blue_Roses	Jul 2012	#58
That's why you push. Peel away one layer of bones in the closet and find another.	pa28	Jul 2012	#26
Oh thank you Mitt.	Marie Marie	Jul 2012	#27
Agreed :D	jillan	Jul 2012	#34
"Bain, Bain, Bain, Bain, eatin' Romney's Bain."	randome	Jul 2012	#28
It's so nice to be on the giving side for a change.	jillan	Jul 2012	#31
The Obama campaign gets it	creeksneakers2	Jul 2012	#41
True. Crazy birther-esque crap won't fly if it's seen as retaliation or the Bain exposure.	lindysalsagal	Jul 2012	#52
Kernels of truth from Corn! We are all ears!	NRaleighLiberal	Jul 2012	#32
Groan...	Blue_In_AK	Jul 2012	#37
I know. I just like puns. guilty!	NRaleighLiberal	Jul 2012	#38
oh no. NRaleigh - that was some kind of corny there.	nc4bo	Jul 2012	#80
I'm curious to know how much corporate welfare	B Calm	Jul 2012	#33
David Corn is a very respected author, journalist, and researcher. Bring it on, David! nt	ailsagirl	Jul 2012	#35
That Makes Sense	DallasNE	Jul 2012	#40
Caribou Barbie is a stalking moose.	Octafish	Jul 2012	#49
We love you David Corn: even if people tire of this it keeps Mitt off balance	flamingdem	Jul 2012	#51
I don't understand why this didn't come out in the primaries.	Marr	Jul 2012	#53
Because they were all repugs,	WinstonSmith4740	Jul 2012	#55
TALK ABOUT BAIN'S OWNERSHIP OF TALK RADIO	Harley Jacobson	Jul 2012	#60
Clear Channel! All that right wing radio. I didn't realize.	Overseas	Jul 2012	#63
Bane Capital	JCMach1	Jul 2012	#62
David Corn	Dalai_1	Jul 2012	#65
Corn is generally right about things.	mwb970	Jul 2012	#66
I liked it when David Corn said "Kind of like the DDay Normandy Invasion". And someone said David	ArnoldLayne	Jul 2012	#70
Can we now pronounce Mitt terminally "Bain Damaged?"	nichomachus	Jul 2012	#76

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