Premium Rates
Pension plans pay PBGC yearly insurance premiums. For 2011, the premium rate is $9 per participant for multiemployer plans; single-employer plans pay $35 per participant plus $9 for each $1,000 of unfunded vested benefits. The per-participant rates are indexed for inflation.
Read more about this topic: Pension Benefit Guaranty Corporation
Famous quotes containing the words premium and/or rates:
“There is little premium in poetry in a world that thinks of Pound and Whitman as a weight and a sampler, not an Ezra, a Walt, a thing of beauty, a joy forever.”
—Anna Quindlen (b. 1952)
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (1872–1933)